Penthouse prices test new highs as Steyn City property sold for R33m

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Penthouse prices test new highs as Steyn City property sold for R33m
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A lavish penthouse at lifestyle estate Steyn City has been sold for R33m, believed to be the highest price achieved for a sectional-title property in Gauteng last year.

A lavish penthouse at lifestyle estate Steyn City on the edge of Sandton’s Fourways has been sold for R33m, believed to be the highest price achieved for a sectional-title property in Gauteng last year.

The last time an apartment changed hands in Gauteng for more than R30m was in 2019, when a penthouse at The Leonardo — the tallest building in Africa — reportedly fetched R45m. Before that, in 2011, a penthouse at The Houghton, spanning 1,238m², was sold off-plan for R54m...

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