Retire in style and luxury
Palm Royale, a new R255m sectional title apartment block, will be built as part of the award-winning Oasis Luxury Retirement Resort at Century City. Michelle Funke finds out more
THE go-ahead for the Oasis Luxury Retirement Resort at Century City follows the achievement of pre-launch sales of close to R100m, the near sell out of the first two apartment blocks and the recent acquisition of a 50% stake in the Oasis Joint Venture by the Rabie Property Group.
Colin Green, a director of Rabie, said Palm Royale, the newly launched apartments at the Oasis Luxury Retirement Resort, will comprise 58 luxury two- and three-bedroom sectional title apartments that are priced from R2.45m to about R8m.
The apartments, which will be set in a high-rise block of 11 storeys, range in size from around 110m² to 237m² and vary from garden apartments to homes in the sky. Many of the apartments boast spacious balconies suitable for entertaining. All units will have basement parking bays and store rooms will also be available.
All the apartments have been designed with the finest attention to detail. Special features include large, spacious living areas and rooms, open terraces or sunrooms and low windowsills allowing for uninterrupted views of Table Mountain and the ocean.
The kitchens have been designed to optimise space, fitted with the finest appliances and granite surfaces. State-of-the-art, modern bathrooms, ample cupboard space and quality finishes all add to the overall appeal.
Each apartment complex has its own secure, monitored undercover parking, foyer, residents' lounge and twin lifts. All apartments have DStv and internet connectivity, an intercom, internal and external telephone systems and under floor heating.
The Oasis Retirement Resort ensures an effortless lifestyle with a dedicated 24-hour concierge service catering to a resident’s every need. From receiving guests to dealing with queries and emergencies, the concierge takes care of time-consuming daily tasks.
Palm Royale utilises the most up to date energy efficient technology. Water heating and air con- ditioning are powered by a unique pump system. Low energy and motion sensor activated lighting and energy efficient external glazing are additional green features.
To date, the Club House, the Care Centre and the first two blocks of apartments — Palm Grove and Palm Spring — have been built. Only two of the 174 apartments in these blocks have not yet been sold, with sales to date exceeding R330m.
Palm Royale will be linked to the Oasis Club and its facilities. The Oasis Club, which offers both indoor and outdoor facilities, includes a 25m indoor heated pool, massage room, sauna, steam room, fully equipped gym, a library, lounge areas, a restaurant, bar and billiard room.
Owen Futeran of Harries Consortium — Rabie’s partner in the joint venture — said lessons learnt to date had been applied to the orientation and design of Palm Royale, which will offer larger and even more upmarket accommodation than previously.
“An analysis of purchasers to date shows their profile varies considerably from retired owner occupiers to people in their 50s who are still actively employed and who have bought into the Oasis for the quality of lifestyle it offers. We have also seen a number of investors buying to let or buying for their own future use. The fact that we are selling on a sectional title basis makes it very popular with investors and with those looking to safeguard the value of their assets.”
The Oasis Care Centre offers hotel-style assisted living apartments and frail care. Its license was recently upgraded by the Department of Health from a Sub Acute discipline to a Physical Rehabilitation discipline.
Construction of Palm Royale is expected to start next month, with handovers scheduled to take place in March 2014. Price: R2.45m to R8m Contact: Oasis Retirement Resort Cindy or Linda 021 528 7310