Bo-Kaap old age home on auction as developer pulls out over `tough economic times`
(World News South Africa)

Cape Town - The historic St Monica´s old age home in Bo-Kaap is up for auction after the developer who acquired the property pulled out `because of tough economic times`. However, there are concerns that the recent proclamation of the area as a heritage site is driving away developers, and estate agents have warned it could impact on property prices. According to the developer, Julian Reynolds, the decision to let go the...