to believe in the future of the city . As one of the fastest growing precincts , both residential and commercially in Africa , the Annual State of Cape Town Central City report ( 2020 ) cited 31 new property developments valued at R5 billion , that have either been completed or are underway .
prices exclusive to EasyProperties investors , the Fynbos gives buyers the ultimate Cape Town residential development at a fraction of the usual price .
IMAGES : THE FYNBOS
This data , coupled with the fact that The Fynbos will be the most distinctive residential high-rise development in recent Cape Town history is already generating enormous local and international interest .
POWERFUL TAX INCENTIVES
Investors will have access to powerful tax incentives , including the popular Section 13 of the Income Tax Act No 58 of 1962 . This scheme enables any taxpayer who owns five or more new , residential rental units , to claim up to 55 % of the purchase price as a tax deduction , deductible over 20 years . This , coupled with the 10 % discount off the sales
Rupert Finnemore Chief Executive Officer EasyProperties
SA Real Estate Investor Magazine SEPTEMBER 2022 133