Author: DG Properties, 18 December 2023,
Press - News

Where old world meets new

Where Old World Meets New: Investing & Living in Cape Town’s Silo District

Designed for collaboration, innovation, and investment, Cape Town's Silo District is a sustainable urban sanctuary merging the best of culture, architecture, and luxury living.

Renowned as one of the world's most multilateral cities, Cape Town echoes the essence of several leading international capitals:

  • Paris has Saint-Germain-des-Prés — Cape Town has Newlands Village.
  • New York has the East Village — Cape Town has Woodstock.
  • Rio de Janeiro has Copacabana — Cape Town has Camps Bay.
  • London has Canary Wharf — Cape Town has the ever-evolving Silo District.

A Legendary Past & Sustainable Vision

Built from the historic remnants of the early-1920s grain silo complex—once the tallest building in Africa—the Silo District is home to the world-famous Zeitz MOCAA art gallery. Today, the district thrives as a mixed-use precinct comprising luxury apartment residences, blue-chip office space, boutique hotels, high-end dining, and art galleries.

Rated as the greenest precinct on the African continent, sustainability underpins the entire development:

  • Seawater Cooling: Buildings like Nr. 5 and Nr. 6 Silo utilize a seawater cooling plant to heat and cool spaces with renewable energy, delivering up to a 65% energy saving compared to standard developments.
  • Green Transit: Direct access to MyCiTi bus routes, secure bicycle parking, and high walkability encourage eco-friendly transport.

Expert Insights: The Silo District Property Market

As one of the V&A Waterfront’s preferred real estate agencies, DG Properties has operated in the Silo District for over a decade. Specialist agents Natacha Neuberger (who achieved a record R78 million penthouse sale in the neighbouring V&A Marina and over R1 Billion in total sales with DGP) and Ursula Thompson share their perspectives on living and investing in the precinct:

Market Growth & Valuation

  • Current Per-Square-Metre Rates: Residential property ranges between R80,000 and R100,000 per square metre, establishing it among Cape Town's most valuable real estate.
  • Buyer Demographics: Strong demand from foreign and local buyers drawn to cosmopolitan, dual working-residential living and eco-rated buildings (4-Star Green Star ratings).
  • Inventory Constraints: Low seller turnover creates limited public inventory, though off-market opportunities remain available through DG Properties.

Accommodation & View Profiles

  • Apartment Configurations: High-spec 1-, 2-, and 3-bedroom luxury apartments featuring energy-, water-, and waste-efficient fixtures.
  • Views: Vistas spanning Table Mountain, the City Bowl, the V&A Harbour, and the Atlantic Ocean.

Lifestyle Amenities in the Precinct

The Silo District offers an all-in-one lifestyle hub right on the water's edge:

  • Leisure & Outdoors: Padel, cave golf, skateboarding, basketball, cycling/scooter tracks, stand-up paddling, boat charters, and deep-sea fishing.
  • Wellness & Spas: Silo Spa, Glasshouse Rejuvenation, Life Day Spa Waterfront, and the One&Only Spa.
  • Dining & Entertainment: The Granary Café, The Silo Rooftop Bar, Radisson RED’s OUIBar + KTCHN, and the Virgin Active Collective Gym.
  • Unique Attractions: Lindt Chocolate Studio, live Silo concerts, Mercedes-Benz's Zoetrope sculpture, and First Thursday swing dancing.

For exclusive and off-market residential listings in the Silo District, visit dgproperties.co.za or contact our specialist V&A Waterfront team.

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