In little over 2 weeks, over 3000 people have showed interest in The Paradigm, a world-class addition to one of the world’s most beloved cities. Nestled in the heart of Cape Town City Centre at 100 Buitengracht Street, The Paradigm redefines urban sophistication with its iconic architecture and unparalleled amenities. 9-years in the making, The Paradigm is brought to you by property development and construction experts, Tiber and Vantage Property with sales by Revo Property.
With 243 premier residences, this architectural marvel offers panoramic views, bespoke amenities, and ultra-chic design, catering to a variety of lifestyles. The Paradigm features an impressive range of studio, 1 to 4-bedroom residences, as well as two exclusive skyview penthouses.
Fast Facts
- Sales launch online on 31 July 2024 at 1pm
- Residences range from R1.75 million to R35.95 million
($97,000 – $1,980,000) - Purchase on launch and get R100 000 off
- Expected completion set for Q1 2027
- Powerful tax incentives apply
Visit the Website: https://the-paradigm.co.za/?utm_source=
PREMIUM RESIDENCES:
A HOME FOR EVERY LIFESTYLE
The Paradigm provides a residence for every lifestyle. From beautifully designed “short-term friendly” studios and one-bedroom apartments to spacious two, three, and four-bedroom apartments, each home is crafted for comfortable city living. At the pinnacle, two lavish penthouses with private terraces and pools offer the ultimate in luxury living.
- Studios from R1,75 million | $97,000
- 1 Bedrooms from R2,18 million | $120,000
- 2 Bedrooms from R4,49 million | $250,000
- 3 Bedrooms from R7,25 million | $400,000
- 2 Bedroom Duplexes from R14,95 million | $820,000
- 4 Bedrooms from R22,75 million | $1,250,000
- 4 Bedroom Duplex Penthouses from R33,7 million | $1,850,000
View Apartments Online: https://the-paradigm.co.za/?utm_source=INSTERT+UTM#residences
Each residence at The Paradigm features air-conditioning and a quality imported German kitchen fitted with Siemens home appliances designed to revolutionise your home and life. Luxury engineered wood flooring adds style, warmth, and comfort, while energy-efficient double glazing enhances the ambiance.
Additionally, owners can personalise their living spaces with a choice of two distinct colour schemes, designed to enhance aesthetic appeal.
SKYVIEW PENTHOUSES:
OWN THE SKY
The crown jewels of The Paradigm are its penthouses, boasting breathtaking panoramic views and luxurious amenities such as private basement garages, terraces, and plunge pools. These opulent residences epitomise comfort and exclusivity.
View Penthouse Online: https://the-paradigm.co.za/?utm_source=INSTERT+UTM#penthouses
A WORLD WITHIN A CITY
The Paradigm seamlessly combines luxury residences with world-class amenities and an expertly curated retail offering. Highlights include a secure double-volume lobby with 24-hour concierge and valet service, and a magnificent 7th-floor swimming pool deck with panoramic views, serviced by a restaurant and deli.
Features:
- Heated swimming pool
- Restaurant and deli (7th Floor)
- Reception and Concierge
- Valet parking
- Room service
- Air-conditioning
- Biometric access control
- 24hr off-site monitoring
- Keyless access
- Secure underground parking
- EV charging bays
- Storerooms
Curated Retail:
- Coffee shop
- Co-working space
- Restaurant & deli
- Convenience store
- Gym
- Wellness Spa
- Laundromat
- Pharmacy
Furthermore, an electric car-sharing service which gives residents access to a fleet of electric vehicles for trips around town or weekend getaways is available.
View More Amenities: https://the-paradigm.co.za/?utm_source=INSTERT+UTM#amenities
UNPARALLELED LOCATION:
YOUR NEW ADDRESS IS ALL-ACCESS
Situated at 100 Buitengracht Street, The Paradigm’s central location is ideal for exploring the best of Cape Town. This prime address offers buyers a rare opportunity to own a beautiful home or investment property in a dynamic, sought-after location.
- Heritage Square restaurants
- Bree Street culinary strip & boutiques
- Kloof street restaurants
- V&A Waterfront
- Cape Town International Convention Centre
- Lions Head & Table Mountain
Explore The Location: https://the-paradigm.co.za/?utm_source=INSTERT+UTM#location
A STEADFAST INVESTMENT INTO CAPE TOWN
Sales for this ground-breaking development launch on Wednesday, 31 July at 1pm and proactive investors can benefit from an incredible R100,000 discount for apartments reserved on launch day. Opportunities to own at such an illustrious address don’t come often, and The Paradigm presents a unique chance to invest in luxury living. Select the serviced and furnished option, and turn your investment into an income generator overnight.
- Priced from R1,75 million incl. Vat
- Projected net yields up to 18%
- No transfer duties
- Furniture packs available on request
POWERFUL TAX INCENTIVES
Section 13Sex Tax Scheme
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 – they do not all have to be from the same development – to claim up to 55% of the purchase price as a tax deduction.
Urban Development Zone
The Cape Town UDZ tax incentive is a SARS administered tax incentive encouraging residential and commercial development in certain specified areas in Cape Town, in which Paradigm will be located. The tax incentive offers property owners a tax deduction against taxable income over eleven years and could act as a deferment of tax payable until the apartment is sold.
How does it work?
The purchaser of a redeveloped residential apartment located in the UDZ will be able to claim an income tax allowance. 55% of the purchase price is deductible. The tax allowance is claimed over eleven years at a rate of 20% in the first year and 8% in the succeeding ten years. The tax allowance is recouped on the sale of the apartment for an amount greater than or equal to cost, which can be deferred for as long as the owner holds the property.
Example:
On a residential apartment with a cost of R2 million, the purchaser is entitled to claim a tax allowance of 55% of the cost of the unit, which equals R1 100 000 over eleven years. The R1 100 000 tax allowance is claimed over eleven years at a rate of 20% in the first year and 8% in the succeeding ten years which results in an annual income tax deduction of R220 000 in the first year and R88 000 in the subsequent ten years.
Disclaimer
Please note that the UDZ tax incentive contains a number of requirements which must be met in order to claim the tax allowance. The examples detailed above are of a generic nature and may not apply in certain instances. The developer and its affiliates do not provide tax advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax advice. You should consult your own tax advisors before engaging in any transaction.
UDZ is set for review in May of 2026 by the SA Government.
Please consult your tax advisor for further clarification and information.
Read More About the Launch: https://the-paradigm.co.za/?utm_source=INSTERT+UTM#launch
HISTORY IN THE MAKING:
OUR STORY
This is not just another building. This is not just another development.
This project is the culmination of a steadfast nine-year journey led by three resolute property development experts. The Paradigm is a testament to rigour, dedication, passion, and perseverance. Fernando Cardoso, a distinguished leader in construction and real estate development, Rui Lavarinhas, a seasoned construction industry specialist, and José Rodrigues, an innovative property developer, have joined forces for their third collaboration.
Expertly designed by dhk Architects, based on the original concept by Fabian Architects, this magnificent building showcases unparalleled urban sophistication, exceptional architectural detailing, and refined living spaces at Cape Town’s most coveted address. This visionary development seamlessly blends cutting-edge design and luxury, elevating city living to an art form for the most discerning homeowners and investors.
Read the FAQs: https://the-paradigm.co.za/faqs/?utm_source=INSTERT+UTM
Join Us
Don’t miss out on this rare opportunity to be part of something truly extraordinary. Mark your calendar for 31 July 2024 at 1 pm and take the first step towards owning a piece of The Paradigm.
https://the-paradigm.co.za/?utm_source=INSTERT+UTM
