The Rockwell: Lots Of Inventory To Go

Earlier in May we reported that The Rockwell, a new development in Green Point De Waterkant had only sold 50 of their 103 apartments. Currently according to their availability page they now have 150 units in total and of those only 83 are sold.

They've added more units than they've sold in the past 4 months and are now selling on average 7 units a month. At that rate it will take 10 more months for them to sell out completely. However there are two factors still to take into account. Housing sales are heading for a slump as two more interest rates are expected and secondly those early 'investors' are going to be putting their units on the market the second they're completed adding to the inventory available. You can keep up with their development progress here.