Cape Town’s city centre, specifically, is forecasted to see capital growth well over 10%, possibly between 12-14% in 2025, signalling strong demand in the urban core. With Cape Town ranked as one of the Top Cities in the World by TimeOut magazine, it’s no wonder the city is a cultural and economic hub, drawing in both local and international buyers who are eager to invest. The allure of Cape Town, with its stunning views and vibrant lifestyle, makes it a magnet for those seeking high-end living.
“Lilly May, a new development in Cape Town’s central business district and landmark in the making, is positioned in one of Cape Town’s most dynamic districts, blending heritage, culture, and contemporary luxury. Inspired by Art Deco grandeur and the city’s evolving energy, Lilly May is designed for those who appreciate bold expression, refined aesthetics, and curated living,” explains Guy Gordon, Director at Chapter Developments, a progressive property developer committed to shaping meaningful urban environments.
Offering a selection of studio and one-bedroom apartments (54 studios and 6 one-bedroom units), Lilly May, located at 17 Buitenkant Street, redefines effortless city living, with sleek kitchens, luxury finishes, and bespoke interiors – a home that’s as refined as it is functional. The units are fully managed, with optional furniture packs designed by Maison & Marble for hassle-free ownership.
The area boasts a combination of urban living and natural beauty, with stunning views of Table Mountain. Lilly May is surrounded by excellent amenities, including cafés, restaurants, retail shops, and cultural attractions. Its central location also offers easy access to transport links, making it ideal for professionals and investors.
Every detail is thoughtfully curated – from the rooftop terrace with sweeping city views to the modern charm of the exterior, envisioned by Bruce Wilson Architects to blend timeless design with contemporary appeal. With the development set for completion in Q1 2027, residents will enjoy a fully serviced building with a vibrant ground-floor café and bar, as well as exclusive access to a private rooftop pool, entertainment deck and clubhouse.
Tourism and the growth in international visitors in Cape Town have been a catalyst for increased foreign investment, higher property prices and a vibrant hospitality market, transforming the city into a global investment hotspot, driving substantial property development and boosting the local economy.
“The rental market is surging, especially for properties like Lilly May on Buitenkant Street, close to tourist hotspots like the V&A Waterfront and Table Mountain, making the city centre attractive for investors seeking rental income,” comments Emanuel Germanis, CEO and founder of Revo Property.
“As a result, we’re seeing strong demand for residential units in the City Bowl, with new CBD developments attracting significant interest the moment they’re released,” adds Gordon.
Lilly May offers investors powerful tax benefits alongside modern living with timeless elegance – a seamless fusion of culture, creativity, and connection in the heart of Cape Town. Positioned well within the Urban Development Zone (UDZ) and qualifying for the Section 13sex Tax Incentive, the development is designed for those who appreciate lifestyle and investment potential.
“The growth in international arrivals, alongside the city’s rising popularity as a vacation and business destination, has propelled the demand within the hospitality sector. We’re seeing occupancy rates rise steadily year on year, further cementing the viability of these types of investments. Lilly May’s prime location, combined with Cape Town’s booming tourism and business travel sectors, makes it a prime opportunity for investors looking to capitalise on this trend.”
“Lilly May is a home, a lifestyle, and an investment in one – honouring the past while shaping the future,” adds Germanis.
Units are priced from R1 749 000 inc. VAT, with projected rentals ranging from R28, 800 to R33,600 a month, and a high-yield opportunity of up to 11,66% net rental yield, making these apartments an ideal opportunity for investors.
With limited residences available, the demand is high. Interested investors can secure their apartment on launch day, Thursday 12 June 2025 at 12pm and secure launch day pricing.
For more information, visit: https://www.lillymay.co.za
About Revo
Revo Property is a progressive, tech-enabled independent real estate company based in Cape Town, South Africa. Established in 2016, Revo aims to address gaps in the property market by providing a comprehensive suite of services that cater to a diverse clientele, including individual buyers, investors, and developers.
Revo Property distinguishes itself through its holistic approach to real estate, emphasising a relationship-driven model, providing clients with a single point of contact for all their property needs. This innovative strategy aims to revolutionise how clients engage with the real estate market.
Positioned as a leader in the South African real estate market, Revo Property combines innovative technology with a comprehensive service offering. Its commitment to enhancing the client experience and maximising property investments sets it apart in a competitive landscape. As it continues to expand, Revo aims to redefine property management and investment, making it a key player in the region’s real estate sector.
Revo has been involved in several significant developments, including:
- The Beach House: A boutique development in Hout Bay featuring 18 luxury apartments with stunning ocean views, priced between R2.95 million and R6.95 million. This development is sold out.
- Marisol: A secure, townhouse scheme in Simons Town featuring 13 beautiful townhouses with unbelievable ocean and mountain views, priced between R6.895 million and R12.995 million.
- The Paradigm: The Paradigm is a world-class addition to one of the world’s favourite cities, Cape Town, offering 243 premier apartments priced from R3.895 million.
- Summer Terraces: Nestled in the heart of Glencairn, Summer Terraces offers two, three, and four-bedroom townhouses with exceptional sea views, priced from R4.495 million. This development is sold out.