Rabie Property Developers launched the first phase of its latest project, Park Place, towards the end of May.
This phase includes the first two of three buildings, with an impressive 90% of the units already sold, totalling R260 million.
Park Place is a luxurious waterfront development featuring studio, one-bedroom, two-bedroom, and penthouse apartments.
The project consists of one low-rise and two high-rise buildings situated within Ratanga Park, an expansive six-hectare green space in Century City.
The park boasts mature trees, indigenous plants, and serene waterways connected by 8.5 kilometers of canals.
The development offers an array of lifestyle amenities, including a clubhouse, a swimming pool, a boules court, and a braai area with a pizza oven.
All apartments and penthouses are north-facing, optimising natural light and providing protection from the summer south-easter winds.
Park Place is designed to achieve full EDGE (Excellence in Design for Greater Efficiencies) certification from the Green Building Council of South Africa (GBCSA).
This energy-efficient design will save residents money and allow buyers to apply for green mortgage bonds at preferential interest rates.
Ratanga Park has become a coveted address, offering a peaceful, nature-rich environment just 500 meters from Century City’s bustling urban square, Canal Walk Shopping Centre, boutique hotels, an international conference centre, and numerous coffee shops and restaurants.
Residents benefit from a unique blend of urban convenience and natural beauty, with access to top-notch amenities such as kayaking, high-intensity gym sessions, a weekly 5km Park Run, and a sparkling swimming pool.
A standout feature of Park Place is its technology infrastructure, including an onsite generator providing full power backup, ensuring uninterrupted power during load-shedding.
This is ideal for digital natives and young professionals who depend on constant connectivity, the developers said.
The development also offers a high-speed open access fibre network, providing reliable internet access throughout the complex and Century City.
Security is a top priority at Park Place. The development features a triple layer of security measures, including the safe environment of Century City with its extensive CCTV network and dedicated rapid response team.
Park Place itself has 24-hour manned security, effective perimeter security, and high-tech access control, ensuring residents' peace of mind at all times.
Key Investment Features
• Studio apartments from R1,5 million
• One-bedroom apartments from R2,2 million
• Two-bedroom apartments from R3,3 million
• 10% deposit
• No transfer duty payable
• Occupation: late 2025
• Capital growth at Century City is growing at 10% p.a.
• Insatiable rental demand for apartments at Ratanga Park
• Aimed at EDGE certification for lower interest rates
Green building efficiencies lower running costs
Key Lifestyle Features
• Tranquil, north-facing water’s edge location
• Pool, sun deck, play park & boules court
• Clubhouse with pizza oven & braai areas
• Exquisite waterfront lifestyle with magnificent park views
• An array of great shops & restaurants within 500m
• Pre-installed fibre with access to a high-speed network
• Full backup power – no more load-shedding
• 24-hour security with access control
• Perimeter fencing & monitored CCTV cameras
• Secure onsite parking plus garages & storage units for sale
• Built-in cupboards in bedrooms & kitchens
• Top-quality engineered stone tops in kitchens & bathrooms
• Timber-look vinyl flooring in bedrooms & living areas
• Two-plate hob & convection microwave combo in studios
• Oven, built-in hob & concealed extractor fan in other apartments
• Energy-efficient central hot water system
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