Palm Royale Sales top R150million
Since April this year a further R50million in sales have been notched up at Palm Royale, the third phase of the Oasis Luxury Retirement Resort at Century City, bringing total sales to date to over R150million.
With nine months to go until completion and transfer, 30 of the 58 sectional title apartments have now been sold. This represents 52% in number and 57% in value, says Owen Futeran of the developers, the Oasis Joint Venture which comprises the Rabie Property Group and a Harries Projects consortium.
Futeran said the greatest demand to date had been for the larger three bedroom units, which had accounted for 20 of the 30 sales with two bedroom apartments making up the balance of sales.
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.
Futeran said all apartments will have basement parking bays while a number of store rooms were also available. The first two phases of the Oasis development consisted of Palm Springs and Palm Grove apartment blocks and a Club House, which boasts amenities a five star hotel would be proud of 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.
Futeran said resales in Palm Springs and Palm Grove were also going strongly with three apartments recently having been sold by their agents. “And demand for rental apartments is also extremely high and as we stand now there is absolutely no rental stock available and we have a waiting list of would-be tenants,” he said.
For further details phone Cindy, Linda or Lorenda on 021 5287310 or 082 4957168. For Care Centre enquiries phone Lizzie Brill on 021 5287301.