Palm Royale sales soar to R170m

35 out of 58 re­tire­ment flats sold as block takes shape

Weekend Argus (Saturday Edition) - - PROPERTY -

A FLURRY of sales has pushed to­tal sales at Palm Royale, the third phase of the Oa­sis Lux­ury Re­tire­ment Re­sort at Cen­tury City, up to more than R170 mil­lion.

Owen Futeran of the de­vel­op­ers, the Oa­sis Joint Ven­ture, which com­prises the Ra­bie Prop­erty Group and a Har­ries Projects con­sor­tium, says five apart­ments worth more than R20m have been sold and sales of three units for a fur­ther R8m in to­tal are close to be­ing fi­nalised.

“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 per­cent in num­ber and 70 per­cent in value. The sales mo­men­tum is build­ing now that buy­ers can see what they will be get­ting rather than just buy­ing off plan.”

Palm Royale is be­ing de­vel­oped at a cost of R260m. The two- and three-bed­room apart­ments range from about 100m² to 237m² in size, from gar­den flats to pent­houses in lay­out, and from R2.5m to about R8m in price. Many of the flats have large bal­conies with moun­tain and sea views.

The first two phases of the Oa­sis de­vel­op­ment com­prised Palm Springs and Palm Grove blocks of flats and a club­house with fa­cil­i­ties com­pa­ra­ble with those of a five-star ho­tel. Th­ese in­clude a 25m in­door heated pool, where wa­ter aer­o­bics classes are given by a qual­i­fied teacher, a mas­sage room, a sauna, a steam room, a gym, a li­brary, lounge ar­eas, a restau­rant, a bar, a bridge room and a bil­liard room.

Res­i­dents au­to­mat­i­cally en­joy mem­ber­ship of the club­house, says Futeran.

Also com­pleted in phase one is the Oa­sis Care Cen­tre, which of­fers ho­tel-style as­sisted-liv­ing apart­ments, frail care and a spe­cialised Alzheimer’s and de­men­tia unit. It has a phys­i­cal re­ha­bil­i­ta­tion li­cence and a Board of Health Fun­ders of South Africa PR num­ber for qual­i­fy­ing pa­tients.

Palm Royale will have a cov­ered link to the Oa­sis Club, where fa­cil­i­ties will be ex­tended un­der the con­struc­tion con­tract to in­clude a 200seater mul­ti­pur­pose re­cre­ational and en­ter­tain­ment venue with a pa­tio over­look­ing the ponds and gar­dens.

● Visit www. oa­sis­re­tire­men­tre­ or call Cindy, Linda or Lorenda at 021 528 7310. For care cen­tre en­quiries, call Lizzie Brill at 021 528 7301.

ON TRACK: Con­struc­tion is ex­pected to be com­pleted in the next six months at Palm Royale, phase three of Oa­sis Lux­ury Re­tire­ment Re­sort at Cen­tury City.

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