Sunday Times Still Claims Sol Kerzner Staged One&Only Sale

Back in June 2009 I reported that despite claiming 1 of the 3 penthouses had been sold at the One&Only V&A Waterfront for a record breaking R110 million, all three were seemingly still on sale.

The Sunday Times then reported in August of that year that in fact the sale had seemingly been staged by Sol Kerzner to himself. This was vigorously denied by the agents involved (Seeff Atlantic Seaboard) with many a disapproving harumph.

On Sunday The Sunday Times ran an article about a property under construction that will supposedly eclipse that record price and they started that article with:

Hotel magnate Sol Kerzner, who co-owns the country's most expensive home, is about to lose his bragging rights.

An double-storey mansion still under construction is on the market for R110-million - and the developers are entertaining offers from five international jet-set celebrities.

Kerzner bought his 800m² duplex apartment, which runs across the top two floors of the One&Only hotel in Cape Town's V&A Waterfront, for a record R109-million in 2008.

So they seem to be confidently stating that Kerzner was in fact the buyer, or at least the co-buyer. I'll consider that case closed.

Sunday Times Doubting One & Only Sale

On the 29th of June we posted an article titled R110 Million Sale Falls Through For Seeff which cast some questions if whether the R110m sale of a penthouse in Sol Kerzner's new V&A Waterfront One & Only development had fallen through. We did so because in listings for the development 3 out of the 3 penthouses built are listed for sale, when there should only be 2.

And quite coincidentally (I'm sure) according to RealestateWeb, the Sunday Times ran an article this past Sunday saying literally the same thing, that the sale was in fact staged by Sol Kerzner as a "sale" to himself with the penthouse being returned to the rental pool of the hotel. And no doubt if a buyer could be found for it would be sold off without a seconds thought as the article we wrote earlier here showed there are in fact 3 penthouses for sale.

I haven't bought the Sunday Times in a while (prefer the non-tabloid Business Day Weekender these days after they gave me a shout out a year ago) so if anyone has the article let me know if it mentioned anything about the supposedly sold apartment coming back on the market and if they attribute that nugget of information to anyone.

And Sunday Times reporters if you're reading, let me know if you need any more story ideas.

R110 Million Sale Falls Through For Seeff

Back in June 2008, Seeff were crowing because one of their agents had sold a penthouse at Sol Kerzner's One&Only development at the V&A Waterfront for a hefty R110 million. Here's a quote:

The first of the three super-luxury penthouses which hotel magnate Sol Kerzner is developing on his One&Only Hotel Cape Town in the V&A Waterfront has been sold by Seeff at a record price of over R110 million.

Now read the following quote from this listing:

One&Only 3 EXTRAORDINARY PENTHOUSES FOR SALE.

Now I never did too well at maths, but if you have three penthouses and you sell one, that should leave two for sale. So why are three on sale? Also why has the new listed price dropped R10 million.