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    Valuation check: 40 m² serviced apartment in Cape Town at ZAR 24,390,000

    The seller’s case rests on the light, location and serviced-apartment demand, but I’m hesitant to treat those features as enough support for ZAR 24,390,000. This is a roughly 40 m², one-bedroom Cape Town unit in average condition, with dated finishes and possible building reserve costs. I have...
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