Weekend Argus (Saturday Edition)
Sales in smart Palm Brook top R120m
Fifth Oasis luxury apartment block on the rise
CONSTRUCTION of Palm Brook, the fifth block of apartments in the Oasis Luxury Retirement Resort at Century City, has now commenced and 23 apartments have already been sold for more than R120 million.
Being developed in a joint venture between the Rabie Property Group and a Harries Projects consortium at a cost of R244 million, the 11- storey Palm Brook will comprise 52 luxury one-, two- and threebedroom apartments.
The development of Palm Brook follows the handover of the fourth block, Palme d’Or, where all 50 apartments have been transferred and handed over and most owners have already moved in.
Feedback from the agents and buyers in the earlier blocks was taken into account in the design brief of Palm Brook, according to project manager Raynard Haupt.
Apartments in Palm Brook, excluding balconies or ter- races, range in size from 78m2 to 161m2, and they are priced from just under R3m to just over R6m, including VAT. No transfer duty is payable as the units are bought directly from the developers.
“All apartments will have basement parking and luxury finishes, including ducted air conditioning, and some will have a storeroom included in the price. Additional storerooms are available as optional extras,” says Haupt.
As with its most recent predecessors, Palme d’Or and Palm Royale, Palm Brook will be linked to the extensive Oasis Club facilities by an undercover passage. A new satellite recreational building is also planned to add to the communal facilities for Oasis residents and their guests.
Palm Brook will have four penthouses as well as three garden apartments, which will have exclusive use areas fronting on to a brook and the landscaped communal gardens. All but three of the apartments have terraces or balconies ranging in size from 12m2 to 125m2.
The new block will have two lifts and a dedicated 24-hour concierge at the entrance lobby.
“WBHO is already on site, and completion and transfer are expected in late 2017,” says Haupt.
“Strong interest is being shown in Palm Brook with many would be buyers who have been considering Oasis for some time now realising that there are only a finite number of opportunities left and they need to commit now to avoid disappointment and price increases as a result of rising construction costs. After Palm Brook there will be only one further block coming on stream.”
The first phase of the development included the Oasis Club House where facilities include a 25m indoor heated pool where regular water aerobics classes are conducted 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, a billiard room and an additional multi-purpose recreation and entertainment venue with a coffee bar and a covered patio overlooking a pond and landscaped gardens.
The gardens were extended along with the second two blocks – Palm Royale and Palme d’Or – and will be further extended with the last two blocks.
Also completed in phase one is the 110-bed Oasis Care Centre which has operated for the past eight years and offers hotel- style assisted living apartments, frail care and a specialised Alzheimer’s and dementia unit as well as physical rehabilitation.
Call Cindy on 082 495 7168, Lorenda on 083 270 4755, Linda on 082 785 6160 or the sales office on 021 250 0592.
Visit www.oasisretirementresort.co.za