The 29 square metre apartments are roughly the size of one and a half public parking spaces, and will be sold for an effective R46,500 per square metre. (That size does not include balconies of at least 5 square metres which come standard with every apartment.)

The development is by Rawson Developers in the leafy suburb of Newlands, a roughly 12-minute drive from the Cape Town city centre.

Other apartments include hybrid studios, with bedroom separators, which will be sold for R2.1 million for 46 square metres, one-bedroom units due to sell at R2.125 million for 59 square metres, premium one-bedroom apartments from R2.6 million for 66 square metres, and R3.4 million for 80-square-metre two-bedroom units.

In promotional material, developers say all apartments will have access to a rooftop deck with two heated swimming pools, a  state-of-the-art fitness centre, high-speed fibre internet connection, and a luxurious foyer with a concierge.

The bottom floors will have a coffee shop and restaurant, landscaped atrium, and drop-and-go laundromat.

The other eight stories of the eleven-story building will be apartments, with the top two floors used for penthouse apartments.

The entire building will be pet-friendly and have access to secure undercover parking, developers said. Construction is set to begin this year.

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