--- title: How Is this EasyProperties IPO Actually Affordable in Cape Town? description: This week, our Marketing Officer, Carly Esterhuizen  sat down with Dani Machet, Director at Yieldex Holdings, to unpack exactly why Vanderbilt , EasyProperties' latest property IPO, isn’t just hype. image: https://properties.easyequities.co.za/hubfs/Sept2-blog8.jpg --- [![logo-1](https://properties.easyequities.co.za/hubfs/logo-1.png) ![EE-Property-Logo-1](https://properties.easyequities.co.za/hubfs/EE-Property-Logo-1.svg)](https://properties.easyequities.co.za)     - [Login](https://platform.easyproperties.co.za/account) # News - [property investing](https://properties.easyequities.co.za/news/tag/property-investing) - [Property Market](https://properties.easyequities.co.za/news/tag/property-market) - [Insights](https://properties.easyequities.co.za/news/tag/insights) - [Education](https://properties.easyequities.co.za/news/tag/education) ## How Is this EasyProperties IPO Actually Affordable in Cape Town? ![How Is this EasyProperties IPO Actually Affordable in Cape Town?](https://properties.easyequities.co.za/hubfs/Sept2-blog8.jpg) 10 October 2025 / [property investing](https://properties.easyequities.co.za/news/tag/property-investing) Posted by: [ TeamEasy ](https://properties.easyequities.co.za/news/author/teameasy) When a sea‑view development in the Foreshore casually drops words like *“affordable”* and *“residential-ready”*, the natural response is: *Girl, be serious. * But this week, our Marketing Officer, Carly Esterhuizen  sat down with Dani Machet, Director at Yieldex Holdings, to unpack exactly why [Vanderbilt](https://platform.easyproperties.co.za/properties/property/58) , EasyProperties' latest property IPO, isn’t just hype. ### Meet Vanderbilt [Vanderbilt](https://platform.easyproperties.co.za/properties/property/58) plays a different game with a rare combination of speed, location, smart design, and standout rental potential. All tucked inside Cape Town’s booming Foreshore district.  ### Let’s set the scene If you’ve tried to buy into the Mother City recently, you already know coastal pricing is spicy. The average home sits *way *above national levels, and the closer you get to the ocean, the more the numbers flirt with fantasy. So when someone tells you they’re offering sea views, CBD proximity, and a yield that doesn’t make your calculator cry, it deserves a second look. ![vanderbilt Twitter JPG](https://properties.easyequities.co.za/hs-fs/hubfs/vanderbilt%20Twitter%20JPG.jpg?width=1600&height=900&name=vanderbilt%20Twitter%20JPG.jpg) “Affordable” in Cape Town? Here’s the trick Let’s break it down. 1. **Bought before the Cape Town boom** The building was secured *before* prices soared, giving the developers a low-cost entry point and a pricing buffer they’re now passing on. 2. **Conversions beat new builds** New builds bring delays, higher costs, and longer timelines. Conversions? Faster, cheaper, and less risky, especially when the building’s footprint is efficient (like Vanderbilt’s). Plus, conversion means less capital drag: the money doesn’t sit idle, which means less pressure to overprice the end product. 3. **Design that saves without sacrificing** With a smart layout that required minimal structural change, Vanderbilt turned what could’ve been a boxy refurb into a space-efficient, Airbnb‑ready apartment format. The result? A lower cost per square meter *without* stripping the soul out of the place. ### Cape Town has a long way to run and so does Vanderbilt The city has shown remarkable property resilience, with Foreshore specifically becoming a magnet for digital nomads, business travellers, and lifestyle buyers who want it all: views, walkability, and Wi-Fi that works. Here’s what Vanderbilt brings to that scene: - Sea view apartments** **and not in a “if-you-lean-over-the-balcony” kind of way. Real, framed ocean vistas. - Foreshore is one of the most in-demand nodes in the CBD. Hotels want in. Travellers love it. Locals are waking up to it. - The design and zoning were chosen with short-term rentals in mind. Flexibility built in, not added on later. ### Now let’s talk numbers  - Expected net rental yield: 10.18% - Internal Rate of Return (IRR): 10.7% These are built on a model that’s worked before. The same team that brought us The Rockefeller and The One, two conversion success stories. ### ![Vanderbilt IPO](https://properties.easyequities.co.za/hs-fs/hubfs/vanderbilt%202%20Twitter.jpg?width=1600&height=900&name=vanderbilt%202%20Twitter.jpg)** **     [Back to News](https://properties.easyequities.co.za/news) ##### SEARCH ALL NEWS ##### SEARCH POSTS BY TOPIC - [property investing](https://properties.easyequities.co.za/news/tag/property-investing) - [Insights](https://properties.easyequities.co.za/news/tag/insights) - [Education](https://properties.easyequities.co.za/news/tag/education) - [Property Market](https://properties.easyequities.co.za/news/tag/property-market) - [Press](https://properties.easyequities.co.za/news/tag/press) - [Easy Community](https://properties.easyequities.co.za/news/tag/easy-community) - [webinar](https://properties.easyequities.co.za/news/tag/webinar) ##### Share - [Tweet](https://twitter.com/share) ![](https://properties.easyequities.co.za/hubfs/news-illustration@3x.svg) ### Keep up with the latest news on EasyProperties ![EE-Property-Logo-1](https://properties.easyequities.co.za/hubfs/EE-Property-Logo-1.svg) [![puplegroup-bg transparent](https://properties.easyequities.co.za/hs-fs/hubfs/puplegroup-bg%20transparent.png?width=253&name=puplegroup-bg%20transparent.png)](https://www.purplegroup.co.za) - [![Facebook](https://properties.easyequities.co.za/hubfs/1nvest/Facebook.png)](https://www.facebook.com/EasyPropertiesZA/) - [![Twitter](https://properties.easyequities.co.za/hubfs/1nvest/Twitter.png)](https://twitter.com/properties_easy) - [![youtube-logotype](https://properties.easyequities.co.za/hubfs/1nvest/youtube-logotype%20(1).png)](https://www.youtube.com/channel/UCz5SZOBJ2amiHNMkj5T1rcQ) [![EasyProperties logo 2023](https://properties.easyequities.co.za/hubfs/EasyProperties%202023/EasyProperties%20logo%202023.svg) ](https://properties.easyequities.co.za/) [![puplegroup-bg transparent](https://properties.easyequities.co.za/hubfs/Purple%20Group%20Logo.svg) ](https://www.purplegroup.co.za) [![Facebook](https://properties.easyequities.co.za/hubfs/1nvest/Facebook.png) ](https://www.facebook.com/EasyPropertiesZA/) [![Twitter](https://properties.easyequities.co.za/hubfs/1nvest/Twitter.png) ](https://twitter.com/properties_easy) [![youtube-logotype](https://properties.easyequities.co.za/hubfs/1nvest/youtube-logotype%20(1).png) ](https://www.youtube.com/channel/UCz5SZOBJ2amiHNMkj5T1rcQ) [![REGISTER HERE](https://no-cache.hubspot.com/cta/default/1690236/083c313b-de29-4dd8-a5a2-183c34a7f5ee.png)](https://cta-redirect.hubspot.com/cta/redirect/1690236/083c313b-de29-4dd8-a5a2-183c34a7f5ee) EasyProperties is a juristic representative of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyProperties platform are subject to the legal terms and conditions to which you agree to be bound. The EasyProperties platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyProperties acts an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership. In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor. The availability of any share on the EasyProperties platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you. The value of a share is not guaranteed. The value can go down as well as up due to variable market factors. An investor may not recoup the full amount invested. Past performance is not necessarily an indication of future performance. Examples and/or illustrations are not guaranteed and are provided for illustrative purposes only. - [TERMS & CONDITIONS](https://resources.easyequities.co.za/EasyProperties%20terms%20and%20conditions.pdf?_ga=2.180479586.438977710.1624523653-1438223146.1622461559) - [TERMS OF USE](https://resources.easyequities.co.za/EasyProperties%20website%20terms%20of%20use.pdf?_ga=2.214548946.438977710.1624523653-1438223146.1622461559) - [PRIVACY POLICY](https://resources.easyequities.co.za/EasyProperties%20privacy%20policy.pdf?_ga=2.142338551.438977710.1624523653-1438223146.1622461559) - [COMPLAINTS PROCESS](https://resources.easyequities.co.za/EasyProperties%20complaints%20policy.pdf?_ga=2.142338551.438977710.1624523653-1438223146.1622461559) - [FAIS DISCLOSURE](https://resources.easyequities.co.za/EasyProperties_EasyEquities%20FAIS%20disclosure.pdf?_ga=2.142338551.438977710.1624523653-1438223146.1622461559) - [ACCESS TO INFO MANUAL](https://resources.easyequities.co.za/EasyProperties%20access%20to%20information.pdf?_ga=2.142338551.438977710.1624523653-1438223146.1622461559) - [COST PROFILE](https://resources.easyequities.co.za/EasyProperties%20Cost%20Profile.pdf?_ga=2.141626999.438977710.1624523653-1438223146.1622461559) ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/954690624/?value=0&guid=ON&script=0)