This past weekend, 25 – 28 March 2022, saw HQ Sandton ignite the Sandton property market with a 72-hour exclusive to Africa’s richest square mile. An incredible 48 Hospitality Studios were secured as 72 opportunities sold for R1 million, with a deposit of R10 000 only required.
Even at a prime lending rate of 7.75%, we are still well below the level of 10% that existed when we entered the pandemic in early 2020, giving keen investors the perfect opportunity to add to their property portfolios. With estimated long-term rental yields in year one around 9% and short-term rental yields in year one around 18% on a Hospitality Studio, the investment opportunity speaks for itself.
Sales achieved over this short space of time is a testament to location, lifestyle and investment prospect that HQ Sandton answers. One of the overarching goals of this exclusive offering was to open up property sales in Africa’s richest square mile and break down property ownership barriers. From the incredible results through the interactive sales module, it is clear that this opportunity has attracted a huge amount of interest from young professionals and new investors.
“We want to allow more people to join the Millionaire Club at HQ Sandton as we unlock these offerings. We are thrilled to be pioneering an initiative that allows more people the opportunity to own property in Africa’s richest square mile,” says HQ Sandton developer, Alex Agulnik.
HQ Sandton has already set the benchmark in Sandton sales, now selling over 150 units in just 3 months. It’s safe to say that HQ Sandton is outperforming other developments in the area, and fast becoming one of the most sought-after in Sandton.