How Cape Town's property boom will impact rental prices
Massive construction cranes have become part of Cape Town city's skyline over the last few years.
There are new apartment and hotels buildings springing up within the city centre. But what does this mean for the development of the city?
With the influx of these buildings, will Capetonians start seeing apartment prices becoming more affordable or is this another way for these companies to make more money out of cash-strapped Cape Town residents?
Rob Kane of the CCID explains what the Cape's building boom could mean for property developers and residents.
Read: Cape Town tenants could see property prices ease up, says RE/MAX
If you look at what's happening in Cape Town City centre, there's underlying confidence and those tower cranes that you are seeing are the confidence of the developers that the city centre will remain in good shape going forward.
Rob Kane, CCID chairman
I do think that the residential market has run hard and it is now cooling down and I don't necessarily think it's a bad thing.
Rob Kane, CCID chairman
There's still a huge demand in the city for people to live there so I don't think you are going to see any empty apartments.
Rob Kane, CCID chairman
If you have a look countrywide, Cape Town CBD has to be one of the cleanest, safest places to live.
Rob Kane, CCID chairman
To hear the rest of the discussion with Rob Kane, listen below:
More from Local

Govt again 'letting poor down, badly, callously, obscenely' says John Maytham
John Maytham vents about temporarily disabled people having to stand in long queues and getting water cannons fired at them.
Read More
[VIDEOS] Police spray Sassa grant queue in Bellville with water cannons
Journalist Saawmiet Moos in Belville describes people queuing for Sassa social grants sprayed with police water cannons.
Read More
'Eskom has again been grossly caught with their pants around their ankles'
Energy analyst Ted Blom says Eskom doesn't report the additional shedding of VLS clients totaling an over 4000-megawatt shortfall.
Read More
Can you get a new South African passport right now?
W Cape Home Affairs' Sam Plaatjies says no, but the department has the discretion to renew passports on a case-by-case basis.
Read More
Meet Dr Emmanuel Taban, a leading pulmonologist in SA's fight against Covid-19
Dr. Emmanuel Taban, a pulmonologist at Mediclinic Midstream, has become well-known for his novel methods in the treatment of Covid-19 patients.
Read More
DBE postpones the reopening of schools to 15 February
The Department of Basic Education (DBE) has confirmed that schools will reopen in mid-February and not on 27 January as initially planned.
Read More
We can't extend temporary disability grants again, says Sassa CEO
The CEO of the South African Social Security Agency (Sassa) says the agency can't extend the validity of temporary disability grants that have lapsed any further.
Read More
SGB associations don't support plans to delay reopening of high schools - Fedsas
The national coronavirus command council (NCCC) has recommended that the reopening of high schools be postponed to 15 February 2021.
Read More
Don't fall for promises of high returns from latest investment scam, warns FSCA
A new scam is surfacing on Facebook and WhatsApp groups. The masterminds are even using the FSP number of a legitimate company.
Read More
'Thank you Mr President for not shutting us down, but we need more support!'
Loadshedding is another blow to the struggling restaurant industry. We need more relief says Grace Harding (Restaurant Collective)
Read MoreMore from Business

Economy in 2021: 'Expect a better year for South African assets'
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.
Read More
Retirement funds in SA are changing – new laws come into effect on 1 March 2021
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.
Read More
Germany Covid-19 death rate now higher than US - considers 'mega lockdown'
Germany has squandered its early success in restricting Covid-19, laments Deutsche Welle Correspondent Chelsey Dulaney.
Read More
Wine industry runs out of storage due to ban - R1.5b's worth could be lost
A new harvest is imminent and there's no more space for unsold wine. We have the highest stock level ever - Vinpro's Rico Basson
Read More
Don't fall for promises of high returns from latest investment scam, warns FSCA
A new scam is surfacing on Facebook and WhatsApp groups. The masterminds are even using the FSP number of a legitimate company.
Read More
'Thank you Mr President for not shutting us down, but we need more support!'
Loadshedding is another blow to the struggling restaurant industry. We need more relief says Grace Harding (Restaurant Collective)
Read More
Pick n Pay announces retirement of CEO credited with retailer's turnaround
Richard Brasher will be replaced by Netherlands-born Pieter Boone in April. A retail expert evaluates Brasher's performance.
Read More
Negotiations underway to bring back UIF Ters payments amid impact of second wave
Business and labour are pressing South Africa's government to introduce a new round of UIF Ters relief to mitigate the impact of the Level 3 lockdown.
Read More
Elon Musk threatens South Africa’s SKA telescope
Astronomers in South Africa are extremely unhappy about Elon Musk’s plans, says Jan Vermeulen of MyBroadband.co.za.
Read More
Prioritise drivers for vaccination against Covid-19 - National Taxi Alliance
It's a fact - minibus taxis are essential for the functioning of the economy. Lester Kiewit interviews Alpheus Mlalazi (NTA).
Read More