PHOTOS: Sandton apartment's R60m price tag

A Sandton penthouse apartment has gone on the market for a record R60 million.

The property has a total size of some 585 sqm, which gives it a price tag of a little more than R100 000 per square metre.

In 2009 a property in Sandton fetched R35-million, the highest price an apartment in the area has fetched so far.

Pam Golding Properties Hyde Park joint area manager Jonathan Davies says the property, which is situated in Regent building in Morningside, is the highest-priced apartment ever to go on the market in Gauteng.

He is confident that the apartment will generate considerable interest in both the local and international markets.

“It is a large property with incomparable fittings and facilities. It offers magnificent panoramic views of Johannesburg and the very finest in South African urban living.

"If that is not enough it is situated virtually in the Sandton CBD, the financial and shopping hub of South Africa, where the demand for upmarket residential properties is currently at an all-time high," he said.

The apartment was initially built as two separate penthouses and was later merged into one.

(Photos: Supplied)

- ECR Newswatch