Frequently Asked Questions

8 Moringa Way, Pinelands, Cape Town, 7405

Click the link to view it on Google Maps: https://maps.app.goo.gl/NqtfZxzCFk9oi1DNA

Estimated completion is Q3 2026.

The building consists of 4 storeys comprising 116 units:

• 15 x studios
• 49 x 1-bedroom apartments
• 52 x 2-bedroom apartments

There will be a Standard and a Premium finishes option available for selection. View the Specification Document for more details.

This mixed-use neighborhood provides unparalleled convenience with amenities within walking distance, such as:

• 22,000m² of landscaped parks and green spaces
• The Pines Shopping Centre
• Restaurants, coffee shops and eateries
• Pre-primary, Primary and Secondary schools
• Daycare facilities
• Sports center with Padel courts & Fives Football pitch
• Internal gym
• Outdoor fitness area
• Floodlit multi purpose hard court
• Walking & jogging paths
• Recycled water irrigation and solar panels for sustainable living

Each unit will have an independent electricity meter.

Water will be paid in arrears and will be billed and metered on specific unit usage. There will be a central heat pump instead of geysers in order to make the building more efficient and minimise costs.

Short-term and long-term rentals are permitted within the building.

• There will be roaming security throughout the precinct.
• Each block will have a security office for controlled access.
• Infra-red motion video cameras throughout the precinct.

There is allocated parking for certain units as well as on-street parking.

Certain units have allocated parking included in the price.

There will be a Standard and a Premium finishes option available for selection. View the Specification Document for more details.

No.

No.

Buyers can enquire about furniture packs. The project has been outsourced to one of our preferred suppliers.

No.

High-speed Fibre connectivity ensures residents have super fast internet in their apartments, this will be for the owner/residents account. The owner/resident will need to contact the service provider in order to obtain the ISP.

The security office will potentially receive residents’ deliveries.

Pets are allowed.

• Sales are live via the user-friendly interactive price list: sales.cederberg-apartments.co.za/.
• Here you can easily browse the available units and use the filters and sort function to narrow down your search.
• On each unit the layout, all costs and expected rentals are shown.
• You can reserve your preferred unit/s with a R5,000 reservation fee.

Your shortlist acts as a wish list of units that you have quick access to. Simply click the ADD TO LIST button on your favourite units. You can also reserve your preferred unit directly from the Shortlist.

To unlock your discount, simply click the green discount button below the price on any unit and follow the prompts to complete your Buyer Profile & unlock the discount on all units. Once completed, the discounted price will show on the price list.

Terms & Conditions apply.

• R75,000 launch day discount.
• Best selection of units.
• Capital appreciation for 12 months is estimated at 10,5% (7% pa) while the development is under construction.
• Rare opportunity to own in an exclusive Cape Town neighbourhood, with a prime location and proximity to key amenities.

Financed deals

1. Minimum 5% deposit with the balance in the form of a bond approval
   • Deposit to be paid within 3 days from receiving a signed agreement of sale.
   • The deposit is paid into the transferring attorney’s interest-bearing account and your money will earn interest for you.
   • The balance (95%) will need to be secured within 21 days with bond approval.

Cash deals

1. 30% non-refundable deposit within 3 days from receiving a signed agreement of sale.

Yes, the deal is subject to your bond being approved and should it not be approved the deposit is paid back to you with interest. If you are unsure if you can afford the bond it is a good idea to get pre-qualified prior to the launch as the R5,000 reservation fee is not refundable.

Bond repayments will commence once the property has been transferred to your name and the bank has settled the payment to the seller.

Bond costs are payable at the time that the bond registers, once the development is complete.

• There is no transfer duty payable but there are transfer fees (attorney costs).
• The seller is registered for VAT so there will be no transfer duty but only transfer costs payable.

Transfer fees are included.

To calculate the transfer costs you can click on the below link: https://www.betterbond.co.za/calculators/bond-and-transfer/

NB: Please select yes when it asks if the seller is registered for VAT.

Transfer duties are not applicable.

They cover the costs of security, cleaning & upkeep of the common areas, maintenance of the building, building insurance and all running costs and management costs and insurance of the building.

Monthly rates are based on the value of the property and are calculated based on the value of the property and then multiplied by 0.006273 to get your yearly rates. Divide this by 12 to get your monthly rates.

Example:
(R1,825 million property)
R1,825,000 x 0.006273 = R11,448.13 per annum
This equates to R954 per month

The contract price is the price the client will pay for the property. You must be aware that there is occupational interest due from the date you take occupation until you take ownership (transfer takes place).

The other costs applicable are detailed above and include monthly rates and levies. Bond costs will be payable prior to registration of your bond once you take transfer of your unit. Transfer costs at this point will also be applicable but these costs are largely offset by the interest that you earn on your deposit during the construction period.

After the completion of the development, the transfer process will commence. Occupation will be given as soon as an occupation certificate is granted. You will be able to occupy or rent out your apartment from the date of occupation.

1. Cape Town sees an average annual capital growth of 5-7%, so your property value is growing at roughly 5-7% pa but you are only required to put down 10% of the development value.
2. This means you are getting growth on the full purchase price of the property and only have to put down a fraction of the price.
3. Your tenant is largely paying off your investment property & bond for you.
4. Your rental income increases every year but bond repayments generally stay the same and in relation to yearly salary and incomes inflating, the bond repayments become relatively cheaper every year.
5. There is high demand for secure luxury property in Cape Town’s City Centre and Atlantic Seaboard, resulting in a secure long-term investment.
6. The longer it takes to enter the property market the harder it becomes.
7. Property investment is likely to create long-term sustainable wealth and an ever-increasing annuity income.

Investors have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962. This scheme enables any taxpayer who owns five or more new, residential rental units (do not all have to be from the same development), to claim up to 55% of the purchase price as a tax deduction.

Example:

• Purchase five units at a total purchase price of R6 797 000
• Minus the launch discount = R250 000 (R50 000 per unit, if purchased on launch_if applicable)
• Final purchase price = R6 547 000
• Deemed purchase price = R3 600 850 (55% of final purchase price)
• 5% of the deemed price may be used as a tax deduction per year
• This works out to a tax deduction (tax write-off) of R180 042 per year for 20 years.

Total tax write-off = R3 600 850 (over 20 years).

• The taxpayer must own at least 5 residential units. The deal kicks in once the buyer takes ownership of their 5th new unit. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
• All units must be situated in South Africa.
• Residential units must have been purchased new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
• The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.
• Please consult your tax advisor for further clarification and information.