70% of The Ilex Apartments sold on launch day

November 20, 2024

Why Newinbosch is not just another estate

Launched on 30 October 2024, the latest addition to Newinbosch, The Ilex Apartments, was met with tremendous enthusiasm, marking a major success in the development’s ongoing expansion.

Offering stylish, modern living spaces which includes studio, one-, two- and three-bedroom apartments, as well as exclusive penthouses starting from R990,000, The Ilex Apartments attracted significant interest from prospective buyers seeking an ideal blend of affordability, quality, and convenience.

This new offering is perfectly positioned to cater to a wide range of residents, from young professionals and first-time home buyers to those looking for a smart investment opportunity in a rapidly growing community within the sought after Newinbosch Neighbourhood Estate.

The launch day itself was a resounding success, with an impressive 70% of the units sold on the day.

“This strong demand is a testament to the appeal of the Newinbosch development and its commitment to delivering exceptional living experiences.” says Harold Spies, Founder of Similan Property Group. “Our first investors are already achieving yields above expectations.  Simplex units are achieving gross yields of 16,5%, courtyard homes with apartments, 11,6% and town houses, 9.3%.  For investors, the strong demand for property in this area, coupled with its steady capital appreciation, ensures solid returns and long-term value, making Newinbosch a smart choice for anyone looking to invest in a dynamic and growing community.”

The Ilex Apartments boast contemporary design elements, well-planned layouts, and access to Newinbosch’s extensive range of amenities, including green spaces, walking trails, incredible views, and the comfort of a secure estate.

As Newinbosch continues to grow, The Ilex Apartments set a new standard for modern, accessible living in the area. With only a limited number of units still available, the swift sales signal a strong market response, reflecting the high demand for well-priced, quality homes in this vibrant and sought-after community.

Investing in Newinbosch offers an incredible opportunity to be part of one of Stellenbosch’s most exciting new developments. With its prime location in the heart of the Cape Winelands, Newinbosch combines modern, high-quality living with the charm and lifestyle benefits of Stellenbosch.

For more information on The Ilex and to see available apartments, visit the website here.

 

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