Mandela Rhodes Place Liquidated

When we first wrote about Mandela Rhodes Pace back in February 2007, it was literally underwater.

Then in July 2011 we heard that even though it had been completed years earlier it was still releasing unsold apartments onto the market.

And now, it's being liquidated with supposedly 62(!) unsold apartments hitting the market. If you bought into MRP and are trying to sell... my condolences.

Liquidations: Up 20%, 100% For Real Estate

Here's another indicator that the SA real estate market isn't doing so hot. Year on year company liquidations are up 20%, but in the real estate, finance and insurance sector it's up 100%.