Real Estate Investor April 2022 | Page 45

CAPE TOWN CBD
Cape Town ’ s CBD is most indemand due to the combined support of wealthy , young millennials , and the Central City Improvement District ( CCID ) – a taskforce established in 2000 to provide essential top-up safety and cleaning services in the city centre .
Two decades of dedicated improvements have paid off as the valuation of property in the CBD now stands at more than R44 billion – up from just R6 billion in 2000 .
“ New developments such as The Rubik by Abland Property Developers and refurbishments such as One Thibault , East City , Neighbourgood ’ s all-inclusive
SA Real Estate Investor Magazine APRIL 2022 43