Oasis owners enjoy good capital growth

Oasis-Palm-Royale-Sep2013

Units in the first two phases of the Oasis Luxury Retirement Resort at Century City have shown significant capital growth since the first sales were undertaken in 2005.  In total, 24 of the 174 apartments in the Palm Springs and Palm Grove blocks have since been sold on by original purchasers at prices which have been on average 23,55% higher than the original purchase prices.

Owen Futeran, a director  of the developer, the Oasis Joint Venture – which comprises Harries Projects and the Rabie Property Group – said the average length of ownership of these  on-sold properties before resale  was  four years four months, which equates to an average annual growth rate of 6,37%.  He said other than three distressed sales where sellers could not hold on for a better price, sellers had in the main shown good capital growth although this had varied quite considerably with the larger, more expensive units generally showing stronger  capital growth.

“The highest price increase of 54% was recorded for a three bedroom penthouse in Palm Springs which was purchased for R1 980 000 in 2005 and resold  in 2009 for R3 050 000 – giving an average annual growth of 13,6%.  Then there was one unit bought for R2 020 000 in 2005 and sold for R2 975 000 two years later – a capital growth of more than 47% or 21.65% per year.”

Futeran said that in line with the rest of the market, the sharpest increase in property values at Palm Springs and Palm Grove had been seen between 2005 and 2007 before the market dipped.

He pointed out that in terms of resales at Oasis the 5% agents commission comes off the gross profit, after which the seller pays 20% of the net profit towards the levy stabilisation fund for the resort.

The first two phases of the Oasis development consisted of Palm Springs and Palm Grove apartment blocks as well as a Club House, which boasts amenities a five star hotel would be proud of and a trail blazing Care Centre offering state-of-the art health care facilities and services.

Palm Royale, construction of which will be completed in the first half of next year, 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.

For details go to www.oasisretirementresort.co.za or phone Cindy, Linda or Lorenda on 021 5287310 or 082 4957168.

Sales at Palm Royale top R117m

 

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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 R117million.

Setting 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 R15million 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 R2,45million and R8million. 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 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.

For details go to www.oasisretirementresort.co.za or phone Cindy, Linda or Lorenda on 021  5287310 or 0824957168. For Care Centre enquiries phone Lizzie Brill on 021 5287301.

Morris Alexander – a legend in his lifetime

 

 

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He ran 10 Comrades Marathons winning gold for three as well as four other medals; he was invited to tea with King Farouk of Egypt after he was part of the official reception party at the station in Alexandria to meet the king’s sister Fawcia after she was banished back home by her husband the Shah of Persia;  he was on the train with the Senussi King taking him across Libya to greet his people in 1944 after  years in exile during the Italian invasion; he has climbed the Great Pyramid of Giza also known as the Pyramid of Cheops; he was a guinea pig for the first Air Sickness detection test and trained as an air force navigator during World War 2 and his grandfather, Richard Charles Alexander, then the Durban police superintendent,  and his third wife, Jane, saved the life of Mahatma Ghandi in Durban in 1896.

But what 94 year old Morris Alexander, a resident at the Oasis Luxury Retirement Resort at Century City, is perhaps best known for is being the official historian of the Comrades Marathon between 1960 and 1985 and for the three  definitive  editions of The Comrades Marathon Story  he penned during this time.

In fact in the words of John Cameron-Dow who was to succeed Morris as official historian of the Comrades: “I doubt that there has been a finer book in the broad field of South African sport than Morris Alexander’s The Comrades Marathon Story…..All those who have run the great race talk about the legendary Comrades spirit and Morris Alexander captured it perfectly. In fact, he went further, he enhanced it. With all the skill of a greatly gifted author and the understanding of a pioneer runner and devoted administrator, Morris provided a living record that will remain an integral part of Comrades culture.”

Other than “the war years” when he was serving primarily in East Africa (Kenya and Abyssinia, now known as Ethiopia), Aiden and Egypt, Morris ran 10 Comrades Marathons between 1937 and 1952 delivering his best performance in 1949 when he was placed fourth. He was also placed fifth one year and sixth another.

It was a different race back then, he says.  A much smaller affair. And while the distance has never changed, the route has.  “In the early years of the race only part of the route was tarred.  It was only fully tarred in the early-1930s.  When I was running there were also a lot more steep inclines and descents. There were no graded roads, those would only come later. They simply went straight up the hill.”

The steepest climb, he says,  was  Huntleys Hill – it was steeper but much shorter than the other great hills on the race – Cowies Hill, Fields Hill, Botha’s Hill, Inchanga and Polly Shortts.  And while the route is now built  up much of the way between Durban and Pietermaritzburg, in the 1950s much of it was  undeveloped, very scenic and dotted with roadside country hotels and restaurants..

The competitors too, he says, have changed over the years.

“Back then we worked all day and trained in the evenings. Now many of the competitors are full-time athletes.  It is their job.”

It gives Morris great pride that in 1975  the Comrades  became the first truly ”Rainbow nation sporting event” where  regardless of one’s skin colour or gender  one was able to compete.

His running years were matched only by the years he then dedicated to administrating the race. In fact in 1950 it was Morris who practically single handedly  saved the marathon from a certain death and from then until 1956 he served as chief executive of the organising committee, then a “small, amateur club affair” that was  the forerunner to the Comrades Marathon Association which under Mick Winn would grow  into a major world sporting event.

For his major contribution to the Comrades, in 1990 Morris was the first “living” person to be awarded an Honorary Life member of the Comrades Marathon Association (CMA).  A posthumous award was made to the Natal MEC for Roads, Frank Martin the year before.

While his first love is the Comrades,  his second is Ships and Travel and he has notched up quite a few nautical miles in his time. In fact he sailed on five troop ships during World War 2 and has undertaken 30 other long sea journeys on mailships and cruise ships including the Astor, the Queen Elizabeth 2  and the Queen Mary 2. He has also travelled by Concorde.

“I have been to 83 countries and seen most of the great wonders of this world. The one place I have not been to is the Goudini Spa and I don’t plan going there any time soon,” he chortled.

Morris defies his 94 years and while his mobility is not what it used to be he manages to get around pretty well with the help of his zimmerframe.

When we chatted, Morris was recovering from a heart procedure  – a Trans-Aortic Valve Implant. True to form he got himself discharged from hospital within a week and in no time at all he was again up and about.

Morris has been married twice, each for 33 years.  His first wife, Nesta, with whom he had three children, died in 1975 from breast cancer. He married his second and current wife, Huibrecht, five years later.

His favourite hobby is scrapbooking  and to date he has amassed  14 tomes entitled My Life, Interests and Times in which he has documented not only highlights of his life but also milestones in the world around him and even whacky incidents that have amused him. And there are many of those as it is a keen sense of humour, a keen intellect and a cheery outlook that continues to steer  Morris through life.

Construction of Palm Royale forges ahead

 

Palm Royale, the third and by far the most luxurious high rise block of apartments at the Oasis Luxury Retirement Resort at Century City in Cape Town, is under construction.
Setting new standards in high-end retirement living and ticking all the boxes for discerning buyers, Palm Royale is taking the market by storm with more than R106million in sales having been notched up to date, and a further five deals totalling around R20million close to finalisation.
Being developed at a cost of R255million, the 58 sectional title apartments in Palm Royale are selling for between R2,45million and R8million. 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 will also be available.
Palm Royale comprises phase three of 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. There is also an exercise room for aerobics, yoga and Pilates under supervision of professional instructors as well as an outdoor croquet oval.
Palm Royale, construction of which will be completed in April 2014, 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.
The standalone Oasis Care Centre, which offers hotel-style assisted living apartments,frail care and a specialised Alzheimer’s/Dementia unit, has recently had its Subacute license upgraded to a Physical Rehabilitation discipline.
The centre has a multi-disciplinary team that is well equipped to deal with patients requiring treatment after being discharged from hospital following surgery or a medical trauma such as a stroke.The team comprises a medical doctor, an occupational therapist, a physiotherapist, a neuro-physiotherapist, a language and speech therapist as well as highly qualified Nursing Staff who together provide outcome based treatment for patients in these circumstances.
The Physical Rehabilitation facility also has a Practice Number issued by the Board of Health Funders of SA (BHFSA) that enables patients to be admitted under Medical Aid authority for varying lengths of time.
The Care Centre was also one of the first facilities in the Western Cape to obtain an Adult Mental Health licence for its Alzheimer’s & Dementia wing, and is a leader in its field.
The centre works closely with the Department of Health which has used the facility to assist with establishing core standards for the planned National Health Insurance.
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.
For details go to www.oasisretirementresort.co.za or phone Cindy, Linda or Lorenda on 021 5287310 or 0824957168. For Care Centre enquiries phone Lizzie Brill on 021 5287301.