The popularity of the 'micro-unit' is on the rise

In many cities, prices for centrally situated properties prevent people from buying a home near to where they work and play.

David Cohen is the managing director of Signatura, which specialises in developing luxury Cape Town apartments.

He says the Mother City shares the problems associated with other world cities.

Cape Town has many similarities with cities like London, Paris, New York, where we have a very expensive CBD and the surrounding suburbs are also very expensive.

David Cohen, Managing director - Signatura

Because of prohibitive city property prices he says, the traditional idea of a home is unattainable for many South Africans.

Greater affordability and the possibility of being able to live reasonably close to the centre of a city is one obvious appeal of the "micro-unit" which could be as small as 21 square metres.

But, says Cohen, it's also a question of lifestyle choice.

It has a lot to do with a growing trend of people, some would like to call them millenials, young people - that where we live is only one aspect of our lifestyle.

David Cohen, Managing director - Signatura

Apartments are for sleeping, maybe for doing a bit of work we took home from the office, but actually people are social, they're online, they want to meet their friends.

David Cohen, Managing director - Signatura

There's a lot more interest in social aspects where there's co-working, co-living, entertainment areas that are for the whole block of flats.

David Cohen, Managing director - Signatura

For more inside info on the "micro-unit", listen below:


Recommended

by NEWSROOM AI
Read More
'His heart was flying free' - Jane Fonda on death of 'Easy Rider'

'His heart was flying free' - Jane Fonda on death of 'Easy Rider'

Hollywood pays tribute to Peter Fonda after his death at the age of 79.

Science students should be looking at ways to create jobs - professor

Science students should be looking at ways to create jobs - professor

Prof. Senamile Masango talks about her Standard Bank Top Women award and her vision of marrying science and entrepreneurship.

@catcallsofcapetown: 'They tell stories they've never told anyone before'

@catcallsofcapetown: 'They tell stories they've never told anyone before'

Lead SA: Gadeeja Abbas expands on the campaign, which reaches out to anyone who has experienced gender-based violence.

Weighing up the cost and the benefit of a loyalty programme

Weighing up the cost and the benefit of a loyalty programme

Certified financial planner Paul Roelofse on choosing and unlocking the value of loyalty programmes.

'Aarto bill there to create revenue, not to promote road safety'

'Aarto bill there to create revenue, not to promote road safety'

Rudie Heyneke outlines Outa's objections to the traffic demerit system signed into law this week.

'It's not about gangs, it's about a society that is hurting'

'It's not about gangs, it's about a society that is hurting'

Criminologist and author Don Pinnock says deploying the army on the Cape Flats is too little, too late.

Popular articles
Safety of visitors to Cape Town in the spotlight ahead of tourist season

Safety of visitors to Cape Town in the spotlight ahead of tourist season

CEO at Cape Town Tourism Enver Duminy explains what plans are in place to make sure local and foreigner tourists are safe.

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

Gauteng Liquor Act prohibits passengers drinking in vehicles, says MMC Sun

When you do take a taxi, drink at your destination and not in the cars, says City of Johannesburg MMC for Safety Micheal Sun.

@catcallsofcapetown: 'They tell stories they've never told anyone before'

@catcallsofcapetown: 'They tell stories they've never told anyone before'

Lead SA: Gadeeja Abbas expands on the campaign, which reaches out to anyone who has experienced gender-based violence.

'Aarto bill there to create revenue, not to promote road safety'

'Aarto bill there to create revenue, not to promote road safety'

Rudie Heyneke outlines Outa's objections to the traffic demerit system signed into law this week.

Impact of new debt-relief bill will be 'severe'

Impact of new debt-relief bill will be 'severe'

The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt.

[WATCH] 'I'm not trying to justify what she did,' Zephany Nurse in her own words

[WATCH] 'I'm not trying to justify what she did,' Zephany Nurse in her own words

Stolen from her mother's bedside as a newborn 22 years ago, Zephany or Miché Solomon as she is now known, tells her story.

Be prepared: CoCT is conducting site-inspections of wellpoints and boreholes

Be prepared: CoCT is conducting site-inspections of wellpoints and boreholes

Mayco Member for Water and Waste Services at City Of Cape TownXanthea Limberg explains.