Sales at Palm Royale top R106m

Posted On Sunday, 16 June 2013 20:52 Published by Commercial Property News
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Palm Royale, the third and by far the most luxurious high rise block of apartments at the Oasis Luxury Retirement Resort at Century City, has seen a burst of activity in recent weeks with sales to date now topping R106million.

Palm Royale Oasis Century CitySetting new standards in high-end retirement living and ticking all the boxes for discerning buyers, Palm Royale is taking the market by storm with a further five deals totalling around R20million close to finalisation.

Being developed at a cost of R255million and rapidly rising out of the ground, the 58 sectional title apartments in Palm Royale are selling for between R2,45 million and R8 million. The spacious two and three bedroom apartments range in size from around 110 square to 237 square metres and vary from garden apartments to ”homes in the sky”.  Many of the apartments boast spacious balconies suitable for entertaining with wonderful mountain and sea views.

All units will have basement parking bays while a number of store rooms are also available.

The Oasis Resort which has garnered a number of top international and local awards including being named the top Retirement Development in South Africa by the prestigious international CNBC Property Awards Association in 2008 and receiving a merit award from SAPOA in the same year for innovative property development.

The first two phases of the development consisted of the Club House, which boasts amenities a five star hotel would be proud of; a trail blazing Care Centre offering state-of-the art health care facilities and services and the first two blocks of apartments – Palm Grove and Palm Springs – where all of the 174 apartments have already been sold.

The well-equipped Oasis Club, which all residents automatically enjoy membership of, offers a wide range of indoor and outdoor social, health and sports facilities managed by skilled experts. These 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.

Palm Royale, construction of which will be completed in April 2014 by WBHO, 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 multi-purpose recreational/entertainment venue with a patio looking out over ponds and beautiful landscaped gardens.

Also in the resort is the standalone Oasis Care Centre, which offers hotel-style assisted living apartments, frail care and a specialised Alzheimer’s/Dementia unit. It recently had its Sub-acute license upgraded to a Physical Rehabilitation discipline.

Owen Futeran, a  director of the developers the Oasis Joint Venture, which includes the Rabie Property Group, said that  while most of their purchasers do not initially require the services of the Care Centre it provided residents with peace of mind knowing  these exceptional facilities were on hand should  they need them.

Last modified on Monday, 17 June 2013 19:05

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