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Palm Royale sales soar to R170million

Century City Palm Royale apartments

A flurry of sales in recent weeks has pushed total sales at Palm Royale, the third phase of the Oasis Luxury Retirement Resort at Century City, to over R170million.

Owen Futeran of the developers, the Oasis Joint Venture which comprises the Rabie Property Group and a Harries Projects consortium, says five apartments had been sold for a total value of more than R20million in recent weeks with three additional units totalling a further R8million close to finalisation.

“With six months to go until practical completion and about seven months until the first transfers are expected 35 of the 58 apartments have now been sold. This represents 60% in number and 70% in value.

“And with buyers now able to see what they will be getting rather than just buying off plan the sales momentum is building.”

Being developed at a cost of R260million the spacious two and three bedroom apartments range in size from around 100 square to 237 square metres and vary from garden apartments to penthouses.  Priced from R2,5million to just over R8million, many of the apartments boast spacious balconies suitable for entertaining with wonderful mountain and sea views.

The first two phases of the Oasis development consisted of Palm Springs and Palm Grove apartment blocks and a Club House, the facilities of which would not be out of place in a five star hotel and which all residents automatically enjoy membership of. These facilities include a 25m indoor heated pool where regular water aerobics classes are given by a qualified teacher, a massage room, sauna, steam room, fully equipped gym, a library, lounge areas, a restaurant, bar, bridge room and billiard room.

Also completed in phase one is the Oasis Care Centre which offers hotel-style assisted living apartments, frail care and a specialised Alzheimer’s/Dementia unit. It has a Physical Rehabilitation Licence and Board of Health Funders of SA PR number for qualifying patients.

Palm Royale will be linked undercover to the Oasis Club, the facilities of which are also to be extended in terms of the current construction contract to include a new 200 seater multi-purpose recreational/entertainment venue with a patio looking out over ponds and beautiful landscaped gardens.

For details go to www.oasisretirementresort.co.za or phone Cindy, Linda or Lorenda on 021  5287310 or 082 4957168. For Care Centre enquiries phone Lizzie Brill on 021 5287301.

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