New Release Investment Units with a 12 Month Rental Guarantee!

Due to popular demand for our expertly designed micro and one-bed apartments, we’ve just released an extremely limited amount of units onto the market, backed by our industry-first, 12-month Rental Guarantee.

NEW RELEASE INCLUDES:
Micro Apartments from R1,4million SOLD OUT
One Beds from R2,1million

*T&Cs apply. The prices above include the conditional R200 000 discount.

Over 70% Sold!

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A New Horizon

Newlands Peak is a state-of-the-art residential development located in Newlands, Cape Town by highly-acclaimed Rawson Developers that promises to breathe vibrant energy into a suburb steeped with a rich history and tree-lined streets.

Already 70% Sold!

Simply logon to the price list to browse and secure your favourite unit. We invite you to discuss the options with our sales team and let us assist you in selecting your preferred apartment/s.

The anticipated completion date is 2023.

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    Development Highlights

    Features Include

    • 11 Storey luxury apartment block
    • Secure undercover parking
    • 8 floors of apartments including:
      • Ground floor garden apartments
      • 2 floors of penthouse apartments
    • Rooftop deck with 2 heated swimming pools
    • Top floor state-of-the-art fitness centre
    • High speed fibre connectivity
    • Luxurious foyer & concierge
    • 24-hour security
    • Premium coffee shop & restaurant
    • Landscaped atrium with seating & WiFi
    • Drop & go laundromat
    • Pet friendly

    Features Include

    • 11 Storey luxury apartment block
    • Secure under cover parking
    • 8 floors of apartments including:
      • Ground floor garden apartments
      • 2 floors of penthouse apartments
    • Rooftop deck with 2 heated swimming pools
    • Top floor state-of-the-art fitness centre
    • High speed fibre connectivity
    • Luxurious foyer and concierge
    • 24 hour security
    • Premium coffee shop & restaurant
    • Landscaped atrium with seating & WiFi
    • Drop & go laundromat
    • Pet friendly

    Construction Progress

    Update 13 April 2021: Formwork has started for the First Floor slab and we are estimating to cast this by the end of April. We have completed about 50% of the Ground Floor columns and walls. Pile caps are about 75% complete to date.

    Apartment Types

    SOLD OUT!

    Micro Apartment

    Total Size 29m2 – 45m2
    Price R1,525million – R1,7million

    ENQUIRE
    ONLY 2 LEFT!

    Studio

    Total Size 38m2 – 47m2
    Priced from R2,125million

    ENQUIRE
    RENTAL GUARANTEE

    One Bedroom

    Total Size 43m2 – 64m2
    Priced from R2,1million

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    Premium One Bedroom

    Total Size 66m2 – 72m2
    Priced from R3,05million

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    Two Bedroom, Two Bathroom

    Total Size 80m2 – 104m2
    Priced from R3,5million

    ENQUIRE

    Premium Two Bedroom, Two Bathroom

    Total Size 100m2 – 138m2
    Priced from R4,225million

    ENQUIRE

    Three Bedroom Luxury Penthouses

    Total Size 141m2 – 192m2
    Priced from R6,3million

    ENQUIRE

    Newlands Peak is an iconic oasis where expansive views and world-class amenities connect residents to a life of style.

    The Location

    VIEW MAP

    Tax incentives for savvy investors

    Investors still have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962.

    Section 13sex enables any taxpayer who owns five or more new, residential rental units to claim up to 55% of the purchase price back from SARS via a 5% per annum depreciation allowance. The incentive kicks in as soon as the investor takes ownership of their fifth brand-new unit and can be carefully leveraged to get a portfolio cash-flow positive without paying SARS a cent.

    Early investors who buy 5 units can benefit from not only these huge tax savings but also a saving of R1million off the total purchase price and guaranteed rentals for the first year. *T&C’s Apply

    Newlands Peak Example:

    • Purchase five units at R1,5 million each = R7,5 million
    • Discount = R1 million (R200 000 per unit)
    • Final purchase price = R6,5 million
    5% of the purchase price may be used as a tax deduction (tax write-off) every year.
    The amount you may write off is limited to 55% of the acquisition price of the residential units.
    This works out to a tax deduction (tax write-off) of R178 750 per year for 20 years.
    CONTACT OUR SALES TEAM
    The following criteria apply:
    • The taxpayer must own at least 5 residential units. 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 be 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.

    Tax deductions

    While primary residences offer few tax benefits to owners, investment properties can be an excellent tax-deductible addition to a portfolio. All expenses relating to an investment property – including bond interest, management fees, municipal rates, body corporate levies, repairs, maintenance, insurance, and more – are tax-deductible.

    As an added bonus, any losses are not ring-fenced, In other words, if the expenses on your property exceed its rental income, that deficit can be offset against other taxable income. That makes it possible, with very careful balancing of expenses, to use a rental property to reduce an investor’s overall tax burden.

    Contact Us

      General Enquiries