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Real Estate
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Wounded Auction Alliance Slowly Staggers On
26 Mar 2012 by Jasmine Stone / 2 Comments
Rael Levitt is apparently readying himself to expose widespread corruption across the auctioneering industry in an attempt to save himself, but there’s still little word on exactly where he is. All the while, other skeletons seem to be freely emerging from the cupboard too.
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Occupy Chapman’s Peak Going To Court
02 Mar 2012 by Jasmine Stone / No Comments
The Hout Bay Residents’ Association will apply for a court interdict to stop construction on the Chapman’s Peak toll plaza in Cape Town, it has been confirmed. Construction has begun at the site, and lawyers representing the movement have been drawing up the interdict to halt the R54 million project.
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Absa, Nedbank, FNB And Investec Stop Doing Business With Auction Alliance
01 Mar 2012 by Jasmine Stone / 4 Comments
Pending the outcome of investigations into claims of staff receiving kickbacks for preferential treatment, Absa, Nedbank, First National Bank and Investec have all stopped doing business with Auction Alliance. The latest development comes after news broke earlier in the week, that Auction Alliance CEO, Rael Levitt, had relinquished his post.
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Rare 19th Century Foundations Found In Cape Town
27 Feb 2012 by Jasmine Stone / No Comments
Contract archaeologist, Katie Smuts, said on Friday that she estimated the foundations were constructed between 1830 and 1850, and that archaeologists were trying to determine their significance. Smuts jokingly compared that the styles revealed on the porcelain artefacts they found helped determine their age because it was similar to comparing the styles that hipsters wore on their clothes in the year 2012.
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Uproar Over Chapman’s Peak Office Development
10 Jan 2012 by Jasmine Stone / 1 Comment
Hout Bay residents are furious about a R54 million office development along Chapman’s Peak that will be used by Entilini, the company that operates the Chapman’s Peak toll road. It goes without saying that the development would be one of the most exclusive offices to work at in the country, but is it legal?
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Porsche Is Designing A 57 Storey Highrise With Car Elevator
24 Nov 2011 by Jasmine Stone / No Comments
Porsche is designing a $650-million, 57-story highrise to go up in Sunny Isles Beach, Florida. Which isn’t that big of a deal. What is pretty insane, however, is the fact that the highrise will feature a robotic car elevator that takes condo owners directly to their door while still in the vehicle.
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Bishopscourt Mansion Goes On The Market For R98 Million
22 Nov 2011 by Seth Rotherham / No Comments
The more aspirational of us often discuss the difference between what “your” R10 million or R20 million or R50 million buys on “either side of the mountain.” These chats usually take place around EuroMillions lottery draw time. More to the point, we compare the size of the property you can get in Clifton, with the options […]
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Atlantic Seaboard Real Estate Agent War Goes Online
01 Nov 2011 by Seth Rotherham / 2 Comments
You might have caught the article in the Sunday Times about the drama going on amongst real estate agents along Cape Town’s Atlantic Seaboard. In a nutshell, Lew Geffen, the founder of Sotheby’s International Realty Franchises, has a franchise agreement with two gentlemen, Hugo Jankowitz and Rob Stefanutto. They’ve run the Atlantic Seaboard franchise since […]
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27-Storey Mumbai Mansion Left Empty Because Of Bad Karma?
20 Oct 2011 by Jasmine Stone / No Comments
Extravagant is a word that comes to mind when you think about this residence. Not everyone has three helipads, six floors of parking and numerous floating gardens as features built into a home they don’t even live in. Approximately valued at $1 billion, and considered one of the most expensive private residences in the world, what’s wrong with it?
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Single Letter Domain Names Bought For Whopping £39 000 At Auction
03 Oct 2011 by Jasmine Stone / No Comments
In the latest auction by Nominet (a company which runs Britain’s web infrastructure), Facebook, Google and Mercedez Benz were among several big name companies which reportedly bid on single letter web addresses. The auction helped raise £3 million for the Nominet Trust, a charity that promotes safe internet access.
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Finally Someone Is REALLY Doing Something About TripAdvisor’s Lies
02 Sep 2011 by Jasmine Stone / 1 Comment
Previously known as the breakthrough company for holiday reviews, TripAdvisor has come under attack for false reviews quite a bit recently, and been sued quite a bit too. Now the British advertising watchdog, the Advertising Standards Authority, has launched a formal investigation into the hugely popular travel review website because the company is probably in breach of the advertising code.
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Government Has Spent At Least R46 Million On Cape Mansions This Year
29 Aug 2011 by Jasmine Stone / No Comments
At the end of last week, parliament confirmed that the embattled public works department had spent approximately R183 million since May 2009, and that R46 million had been dropped on exclusive residences in this year alone. It’s therefore no surprise that the Hawks are struggling to finance their investigations.
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Bizarre Pictures From Inside Gaddafi’s Main Lair
25 Aug 2011 by Jasmine Stone / No Comments
Yesterday, while the rebels overran Bab al-Aziziya compound in Tripoli, they also got their first taste of how their defunct dictatorial leader lived. While some chose to cruise around in the colonel’s preferred mode of transport: the golf cart, others had a good look-and-loot of Gaddafi’s personal residence’s. There’s a merry-go-round and even glass casings around his deceased daughter’s stuff.
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Greece Starts €50 Billion Privatisation Drive
02 Aug 2011 by Jasmine Stone / 1 Comment
It’s time to dust off the old cheque book and keep an eye on what’s happening in Greece. You may just find something you want to purchase as Greek officials begin appointing advisers for the country’s ambitious privatisation drive, and what is one of the most ambitious asset-selling campaigns in modern history.
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Some British Communities Become “Shariah Controlled Zone’s”
28 Jul 2011 by Jasmine Stone / 7 Comments
Bigoted members of British society must be speedily wringing their hands and tensely furrowing their eyebrows in anger that this has happened. While not quite the same as the Name Your Hood campaign, Islamic extremists have launched a poster campaign across the UK proclaiming areas where Shariah law enforcement zones have been set up.
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Malema Denies Building R16 Million House, But May Still Need To Answer On Funds
20 Jul 2011 by Jasmine Stone / No Comments
Julius Malema has today denied that he is building a R16 million home in the upmarket Johannesburg suburb of Sandown. Rather, he chose to insist, “Instead of being rich, I remain poor but credit worthy.” He declined to give details of his financial interests, saying he was not a public figure, but this may yet backfire on him.
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Greece Prepares To Sell Off Airports, Highways, Parts Of The Mediterranean
21 Jun 2011 by Jasmine Stone / 2 Comments
You may by now be aware that Greece is in some deep financial trouble at the moment. Pretty much everyone knows a Greek too, so we should spare a moment for all Greeks, as Greece prepares to sell off airports, highways, state-owned companies and prime sections of Mediterranean real estate.
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Insight: The Kruger National Park Hotel Development Saga
02 Jun 2011 by Jasmine Stone / 2 Comments
2oceansVibe staffer and avowed earthchild, Bearded Wiseman, sinks his teeth into the weighty issue of hotel development in the Kruger National Park, and nails his colours firmly to the mast of the godless neo-conservative capitalists who critics say want to turn the Kruger National Park into Disney Land. Notes from the thinking man’s greeny – here’s […]
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Gauteng Police Commissioner’s Rented Home To Cost R745 000
31 May 2011 by Jasmine Stone / 1 Comment
South African police commissioners have notably enjoyed the odd perk here and there when it comes to matters of their private lives. It has emerged that Gauteng police commissioner, Mzwandile Petros, is no exception to this common occurrence and has a new two year lease costing R30 000 a month.
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Buy An Entire Italian Village For $800 000
20 Apr 2011 by Jasmine Stone / 1 Comment
The recession is serving up another good deal, friends. For about R5,4 million you can buy the historic village of Valle Piola in Italy. It’s surrounded by wild and mountainous terrain, and is set in the heart of one of the country’s biggest national parks, Gran Sasso.
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Microsoft Launches Streetside As Google Maps Rival
15 Apr 2011 by Jasmine Stone / No Comments
Microsoft has decided to have a real dig at the Google group by launching its own 3D mapping system. The unique selling point thus far – they will be taking numerous precautionary measures to ensure that they don’t fall into the data privacy trap like Google did.
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Tiffindell Ski Resort Up For Auction
31 Mar 2011 by Jasmine Stone / 11 Comments
South Africa’s only ski resort is due to go under the hammer in May. The resort was embroiled in a long and shady financial scandal that began in 2007 and was eventually forced to close the slopes indefinitely in 2009. But now you can own it!
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Zuma’s R200 Million Renovations [UPDATED]
23 Mar 2011 by Jasmine Stone / 1 Comment
At the beginning of this month a story caught our eye that almost seemed too shocking to be true. We can now happily report back to you that the lunacy surrounding these pricey renovations has been met with trepidation by Public Works Minister Gwen Mahlangu-Nkabinde, and for the most part, been put on hold.
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Quarrelling Begins To Boil Around Mandela Gun Dispute
17 Mar 2011 by Jasmine Stone / No Comments
Described as a holy grail for South African historians, the gun Nelson Mandela buried almost 50 years ago is nowhere near being reunited with its original proprietor. The owner of the property where the gun is supposedly buried, originally part of Liliesleaf farm, is at loggerheads with museum officials representing the Liliesleaf Trust.
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Renovations To Gauteng Premier’s House, Millions Squandered
16 Mar 2011 by Jasmine Stone / No Comments
Gauteng’s top brass are being flushed out again for misappropriation of taxpayers’ money. This time it’s totalling a little over R12 million since 2005 on lavish refurbishments and renovations to the official Bryanston residence of the Gauteng Premier.
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Giorgio Armani Buys House In Camps Bay
08 Mar 2011 by Seth Rotherham / No Comments
Just picked up some news on SA’s leading fashion blog, PopYaCollar.co.za, that Giorgio Armani has bought a house in Camps Bay. I just love the way he rolls and cannot wait to join him for a Corona at Caprice! Apparently the house is on Ronald Road – PopYacollar has an aerial shot showing where it […]
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Clifton Dictator Orders $380 Million Yacht
01 Mar 2011 by Seth Rotherham / 3 Comments
Teodorin Obiang, the 41-year-old son of Equatorial Guinea’s dictator, who has in the past done business in Clifton with local real estate agent, Denise Dogon, has commissioned the building of a luxury superyacht for himself worth $380 million – three times more than his country spends annually on health and education. The suspicion is that […]
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Floridian 18 Hole Country Club’s Now A Steal At Under $1 Million
24 Feb 2011 by Jasmine Stone / No Comments
No, we’re not trying to pull any wool over anyone’s eyes here. We know how some of you enjoy a good round of golf from time to time, and what with Pravin Grodhan going hard at the “sinners” again this year, what better way to spite him than buying your very own country club in Florida?
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Joburg Residents Charge Mayor Amos Masondo – Hello Karma
18 Feb 2011 by Jasmine Stone / No Comments
You’ll recall just last week we chatted about the atrocious conditions our Joburg friends are having to put up with as a result of what can only be described as the complete and utter mismanagement of local jozi municipal services. Well, finally they have heeded their consciences’ advice and done the right thing by charging their rogue sheriff.
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A Spat Is Quietly Brewing In The Valley
15 Feb 2011 by Jasmine Stone / 1 Comment
A Constantia Uitsig Wine Estate development application to extend the commercial nature of the business it conducts is being opposed by the Constantia Property Owners Association (CPOA). Why? Because 30 new residential houses and 12 new hotel rooms being built will result in, like more traffic. And like, effect the environment and, like, its World Heritage Site chances.
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