Cape Town, South Africa – Only Realty’s development division has achieved a significant milestone by selling 100 units within just weeks of launching The Monarch. Developed and built by WCB Property Developers, this new residential project is located in Cape Town’s popular Tygervalley area. Nadine Pretorius, CEO of Only Realty Forge, confirmed that 40 units were sold during the launch weekend, reflecting the market’s strong appetite for well-priced, investment-grade properties.
“The rapid sales success at The Monarch highlights the growing appeal of Cape Town’s northern suburbs, and Tygervalley in particular, as a prime property investment destination,” said Pretorius. “The competitive pricing and high quality of the development, delivered by WCB Developers, have strongly resonated with the market.”
Wesley Beneke, founder of WCB Developers, added, “Tygervalley’s growth potential as a property node, with its lifestyle-rich offerings and strong capital growth, makes it an increasingly attractive place to invest. However, even we didn’t anticipate such a rapid uptake, with 100 units sold in under a month.”
Located in Tygervalley, The Monarch offers a setting that combines residential spaces with accessible retail outlets, reputable schools, a well-established business district, and communal areas. This mix supports the growing demand for property in the area, with Tygervalley’s appeal further strengthened by its steady development and notable investment potential.
The studio apartments at The Monarch, which started at R999,000 in Phase 1 and are now priced at R1,100,000 for Phase 2, highlight the area’s rapid growth potential. Studios were particularly in demand, favoured by investors seeking buy-to-let assets with promising rental returns.
Only Realty Forge and WCB Developers anticipate another rapid round of sales with the second phase of The Monarch’s sales opening on Friday, 08 November.
