A new residential security estate Signal Hill has been launched in Bo-Kaap. Jawitz Properties holds the exclusive mandate for the development, which will comprise 12 freehold homes with views of the city, the mountain and the ocean.

The first property on the site is expected to be completed by the middle of 2015.

“The area has become very popular and is in high buyer demand,” said Jawitz Properties director Francois Venter. “Bo-Kaap has become a more affordable option for buyers looking to live in the City Bowl, as there is great value for money to be had.”

Properties are selling on a plot-and-plan basis and range in size from 254m2 to 372m2. Priced from about R5.75 million to about R7.3 million, inclusive of VAT, the units will be set over two or three levels. Each home will have three bedrooms, two bathrooms, an open-plan living room with fire place, underfloor heating, a luxury kitchen and modern finishes, a double garage and swimming pool. “The option to add on an extra bedroom en suite and additional decking is also available,” said Lolly Unterslak and Darice Loeb of Jawitz Properties City Bowl.

Signal Hill is being developed by Topit Property Management and JZE Architects. An environmental impact assessment has been carried out, and the large bluegum trees on the site will preserved.