Palm Royale, the third apartment block in the Oasis Luxury Retirement Resort in Century City, is nearing completion.
With practical completion still a month off and the first transfers scheduled for end June, buyers have already snapped up 42 of the 58 apartments for a total value of more than R197million which equates to 75% of the total value.
Purchasers attended a function on site this week to celebrate the completion of the new extended communal facilities which include a 200 seater multi-purpose function room, a large water fronting patio and a new hobbies room creatively built in a hollowed out berm that separates the resort from Ratanga Road.
The beautifully landscaped gardens have been extended as has the water feature to create a scenic lake and a flowing stream onto which a number of the ground floor apartments front.
Owen Futeran of the developers, the Oasis Joint Venture which comprises the Rabie Property Group and a Harries Projects consortium, said that there had been a flurry of sales in recent weeks with three additional units close to finalisation.
“We expect the R200million mark will soon be reached as the momentum is fast building with buyers now able to see what they will be getting rather than just buying off plan.”
The R260million Palm Royale block comprises spacious two and three bedroom apartments which 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 with 174 units in total 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 as well as physical rehabilitation.. All apartment owners receive Primary Health Care assistance provided by the Care Centre and a new clinic will be located in the Palm Royale building.
Palm Royale Century City will be linked undercover to the Oasis Club and its new extended facilities.
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.