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City Centre · Building price report

Icon, City Centre: apartment prices, October 2026

24 Hans Strijdom Avenue, a sectional-title scheme registered in 2007. Every sale registered here since January 2023, with the price per m², the trend and what a unit would rent for.

57 sales recorded in Icon since 2023, median price R2.40m.

57 registered salesR35,600/m² median
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Data: City of Cape Town public records, 57 registered sales, last updated October 2026.

By Samantha, Sellect · Sales registered Feb 2023 to Jul 2026 · Updated 21 October 2026 · Method
Gold: Icon · grey: homes sold in City Centre since 2023

Icon in 60 seconds

City of Cape Town registered sales · method at the bottom of the page
R2.40mMedian sale price since 2023 (72 m² median)
R35,600Median price per m² since 2023
33 salesR37,500Median price per m², 2025 and 2026
R49,400/m²−24 %Compared with the City Centre apartment median per m²
R1.30m to R7.25m57Registered sales since January 2023
R17,000/moEstimated rent for a median 72 m² unit
estimate8.5 %Estimated gross yield (5.4 % net)
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1The building

About Icon

A 19-storey residential high-rise completed in 2006 on the corner of Lower Long Street and Hans Strijdom Avenue, a short walk from the CTICC, with a pool, gym and rooftop terrace. Among 37 City Centre buildings with at least five sales since 2023, Icon ranks above the neighbourhood median by price per m² (number 11). The sectional-title scheme was registered in 2007. The units that changed hands range from 40 m² to 138 m², mostly one- and two-bedroom sizes (median 72 m²). Its top sale since 2023: R7.25m for 106 m², registered in Oct 2025.

Source: The Icon in Cape Town, SkyDB 605 The Icon Building, Hotels.com

2Prices and trend

What Icon sells for

Medians of registered sales. With a handful of sales a year, the mix of units sold moves these figures: read the trend with care.

Apartments in Icon sell for about 24 % less per m² than the City Centre median, a way into the neighbourhood below its usual price level. Units sold range from 40 m² to 138 m², with a median of 72 m². 57 sales were registered since January 2023, the most in 2025 (18). The median price per m² moved from R30,400 in 2023 and 2024 to R37,500 in 2025 and 2026, +23 %.

Floor, view and condition move the price of each unit: value your apartment in Icon against these sales, free.

Median price per m² by year

R30k202312 salesR31k202412 salesR38k202518 salesR37k202615 sales

Number of sales under each year. 2026 is partial.

Against the neighbourhood

IconR37,500
City Centre medianR49,400
Mandela Rhodes PlaceR35,500
The SquareR31,100
Senator ParkR31,700

Median price per m², sales since January 2025 where available. City Centre median: apartments sold since January 2025.

YearSalesMedian priceMedian price per m²
202615R2.70mR37,324
202518R2.67mR37,898
202412R2.15mR30,566
202312R2.21mR30,347
3Recent sales

Every sale registered in Icon since 2023

Month of registration, unit size and price, as published by the City of Cape Town. Unit numbers and owners are not shown.

RegisteredSizePricePrice per m²
Jul 202694 m²R2.70mR28,723
Jun 202681 m²R4.77mR58,920
May 2026108 m²R3.80mR35,185
May 202651 m²R1.40mR27,451
May 202661 m²R2.15mR35,246
Apr 2026108 m²R3.75mR34,722
Apr 202671 m²R2.65mR37,324
Apr 202694 m²R3.60mR38,298
Mar 202644 m²R2.35mR53,409
Feb 202671 m²R2.75mR38,732
Jan 202694 m²R2.87mR30,479
Jan 2026108 m²R3.85mR35,648
Jan 202672 m²R2.70mR37,500
Jan 202640 m²R1.95mR48,750
Jan 202644 m²R2.25mR51,136
Nov 202544 m²R1.75mR39,773
Oct 202572 m²R2.70mR37,500
Oct 202540 m²R1.70mR42,500
Oct 202581 m²R2.69mR33,272
Oct 2025106 m²R7.25mR68,396
Sep 202581 m²R3.25mR40,123
Aug 202544 m²R1.65mR37,500
Aug 202544 m²R1.70mR38,636
Jul 202561 m²R2.27mR37,213
Jul 202581 m²R3.20mR39,494
Jun 202551 m²R2.50mR48,922
Jun 202581 m²R3.10mR38,296
Jun 202588 m²R2.90mR32,955
Apr 202594 m²R3.38mR35,904
Mar 202571 m²R2.65mR37,324
Feb 2025102 m²R3.20mR31,373
Feb 202540 m²R1.59mR39,875
Jan 202572 m²R2.40mR33,333
Nov 202471 m²R2.20mR30,986
Oct 2024138 m²R3.65mR26,449
Oct 202440 m²R1.95mR48,750
Aug 202440 m²R1.85mR46,250
Jun 202467 m²R1.90mR28,358
Jun 202494 m²R2.73mR29,043
May 202461 m²R2.20mR36,066

The 40 most recent of 57 sales.

4Rent and yield

What a unit in Icon would earn

Estimates, not observed rents: Sellect model from the price level, the same as in your free report.

Estimate

Rent for a median unit

R17,000 /month

A 72 m² unit at the building median of R2.40m would rent for about R17,000 a month: a gross yield of about 8.5 % and about 5.4 % net, after rates, levies, management and empty months.

Rates at the City’s 2026/27 residential rate, levies estimated at R45 per m² a month, management 8 %, vacancy 4 %.

Your unit

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Frequently asked questions

How much does an apartment in Icon cost?

Since January 2023, 57 apartments were registered as sold in Icon, City Centre, at a median of R2.40m for 72 m², or R35,600 per m². Prices ranged from R1.30m to R7.25m.

Is Icon expensive for City Centre?

Units in Icon sell for a median of R37,500 per m², 24 % below the City Centre apartment median of R49,400 per m² for sales since January 2025.

What rent can I get for a flat in Icon?

About R17,000 a month for a 72 m² unit, a gross yield of about 8.5 % (5.4 % net). This is a Sellect estimate from the price level; your free report adjusts it to your unit.

Where do these figures come from?

From sales registered at the Deeds Office and published by the City of Cape Town, analysed by Sellect. Bundles, parking bays, storerooms and implausible prices are excluded. Figures are medians and indicative, not a valuation.

Nearby buildings

Hyde Park140 m awayRijckshof150 m awayTrafalgar Centre190 m away

Other buildings in City Centre

Mandela Rhodes Place76 salesThe Square63 salesSenator Park54 salesHarbouredge32 salesThe Piazza on Church Square31 salesCannon Gardens27 salesThe Adderley25 salesThe Rockwell25 sales
City Centre property pricesRental yield in City CentreCity Bowl
Sources and method. City of Cape Town, registered sales and 2025 General Valuation Roll, analysed by Sellect; data updated 21 October 2026. Sales are shown per building, without unit numbers or owners’ names. Rents and yields are Sellect estimates. Figures are indicative, not a valuation.