Park Place, Rabie’s new residential showpiece in Ratanga Park

3 June 2024

Rabie Property Developers launched the first phase of Park Place, comprising the first two of three buildings, to the public on Saturday 25th May. The launch was a soaring success with 90% of the units sold at a value of R260m. Park Place is Rabie’s exciting new waterfront development comprising luxury studio, one-bedroom, two bedroom and penthouse apartments in the form of one low rise and two high rise apartment buildings. The development is set within Ratanga Park in Century City - an expansive six hectares of green parkland of mature trees, indigenous planting and tranquil waterfront connected to 8.5 kilometres of canals.

Apart from its prize location, Park Place boasts exceptional lifestyle amenities with a clubhouse, a sparkling swimming pool, a boules court and a braai area with pizza oven. All of the apartments and penthouses in Park Place are oriented towards the north, optimising natural light and providing maximum protection from the summer south-easter. This orientation also opens up views of the waterways, trees and rolling lawns of Ratanga Park. From the higher floors, the views open up further, offering mesmerising vistas of Lion’s Head, Signal Hill and the glistening blue expanse of Table Bay. The ground-floor apartments offer private garden spaces. It’s a site where bird song and the sound of running water make you feel like you’re deep in the country... and yet just 500 metres away is Century City’s vibrant urban square, Canal Walk Shopping Centre, a bevy of boutique hotels, an international conference centre, and a great line-up of top coffee shops and restaurants.

Park Place is designed to achieve full EDGE certification, (Excellence in Design for Greater Efficiencies), from the Green Building Council of South Africa, (GBCSA). This energy-saving design approach will not only save residents money, but allow buyers to apply for green mortgage bonds at preferential interest rates. Park Place follows recent sell out successes at Ratanga Park including Nine Palms and ON PARK. Nine Palms achieved its Edge Advanced certification in April and ON PARK is currently under construction. The evident success of these developments signals Ratanga Park’s location as a highly covetable address.

Investors and residents benefit from total peace of mind, thanks to a triple cordon of largely unseen but highly effective security measures, and expand seamlessly into the convenience of a healthy, outdoor-oriented, highly walkable, intuitively connected and sociable new urban lifestyle. The perfect position of Park Place in the landscape of Century City fosters an ideal balance between a thriving career and a fulfilling personal life. Here you can stay near the epicentre of a major business hub, close to blue-chip corporates, an international conference centre, and a host of co-working spaces, but never lose touch with the beauty of nature. Whether you’re in the mood to work out on the water in a kayak, hit a high-intensity session in a nearby gym, join in a popular weekly 5km Park Run, or simply relax at the sparkling swimming pool, the exceptional amenities of Park Place and surrounds extend a constant invitation to stay fit, refresh your energy and give your best, day in and day out.

Another major advantage of the technology infrastructure of Park Place is the onsite generator that will provide full power backup for the entire development. No more downtime as lights, lifts, kitchen appliances and electrical plug points will be powered by the generator the moment load-shedding kicks in. It’s the perfect space for digital natives and young professionals who rely on constant communication for work and leisure. Park Place residents will benefit from a high-speed open access fibre network providing lightning-fast and reliable internet access, whether you are in your apartment, at the pool or in the garden. A network of Wi-Fi hotspots throughout Century City lets you stay connected on the go, relaxing with your laptop in the park or enjoying an espresso at a nearby cafe.

Residents of Park Place will enjoy complete peace of mind every minute of the day, thanks to a unique system of security measures. These start with the safe environment of Century City itself, with its extensive network of constantly monitored CCTV cameras and its own, dedicated rapid response team. All of which makes it perfectly safe to run through Ratanga Park at dawn or stroll back late at night from an evening out at Gusto, La Parada or Tiger’s Milk. At home in Park Place, you’ll be doubly protected by Century City’s smart security, effective perimeter security and high-tech access control.

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

Please contact a Property World agent without delay if you are interested in purchasing at Park Place. Just 13 units are currently still available from the release of Phase 1 and a third building will be released in Phase 2 soon. Median selling prices at Century City have grown by 10% year-on-year for the last two years. Devon Usher, CEO at Property World, explains, “Demand for rental properties bordering Ratanga Park has been insatiable. The ever-growing semigration trend has driven impressive rental returns and multiple applications per apartment. We have also seen buoyant capital growth and numerous profitable re-sales. This combination of strong rental uptake and rising property values, coupled with a diminishing supply of new developments in Century City, is a golden scenario for any investor.”