Micro mansions are popping up all over South Africa – here’s what they look like
- Rich people are abandoning their traditional larger-than-life mansions for "micro mansions".
- Pam Golding says they're looking for smaller, more manageable spaces that still meet their luxury demands.
- The bespoke living spaces offer perks like enhanced security, access to work against traffic, and being within walking distance to trendy restaurants and parks.
- For more visit Business Insider.
Rich people are abandoning their traditional larger-than-life mansions and opting to move into smaller, hassle-free "micro mansions".
This is according to Andrew Golding, chief executive of the Pam Golding Property group, who says there has been increased demand among upmarket home buyers looking for smaller, more manageable – but still luxurious – spaces.
“As spaces shrink, when it comes to high-end homes, there’s no need to forego the latest cutting-edge architecture, leading world-class luxury and stylish, contemporary design. On the contrary, you can still create a showpiece with all the latest luxury features, unique appeal and privacy to boot,” says Golding.
The trend is picking up especially in areas like the Atlantic Seaboard in Cape Town, with its sought-after sea views but limited space for polo fields.
“In Cape Town, which has the strongest house price inflation in the country, we’re seeing an increasing number of buyers selling their larger homes to buy similarly-priced yet more compact, lock-up-and-go properties on the Atlantic Seaboard or City Bowl area, said Sandra Gordon, Pam Golding Properties senior research analyst.
Open plan homes in suburbs like Bantry Bay, Clifton, and Camps Bay are in demand because they're within walking distances of popular restaurants, shops, and pavement cafes. They're also trending because they're close to outdoor lifestyle facilities like the city’s beachfront promenade, Lions Head, and the Green Point Urban Park.
It helps that they make for a commute to the CBD that is against the regular peak traffic flow.
Johannesburg is also getting in on the action. Residents in Hyde Park, right next door to Sandton in Africa's richest square mile, would rather downsize their gardens to focus on glamorous facelifts to their architecture.
This is what "micro mansions" look like.
Priced at R49 million this home overlooks Clifton’s 4th Beach:
Special features include a large salt-water aquarium with tropical fish, a private and wind-protected garden with pool, jacuzzi and sauna, 10-seater movie theatre, games room, staff room and double garage.
This Fresnaye home is priced at R35 million with panoramic views over the ocean and Atlantic Seaboard from every room.
Features include a customised, imported integrated kitchen with Smeg appliances, fitted wine room, marble bathrooms with top-of-the-range fixtures and fittings, central air conditioning, home automation, central sound system, elevator, garaging for four cars, staff suite plus separate laundry.
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