Palme d Or
October 23, 2014

Palme d’Or – new R220m luxury retirement apartment block for Oasis

Palme d Or

Palme d’Or, the fourth apartment block in the Oasis Luxury Retirement Resort at Century City, is to be launched shortly.

Meaning Golden Palm and named after the highest prize awarded at the Cannes Film Festival, Palme d’Or will be “unashamedly upmarket”, according to Colin Green a director of the developer, the Oasis Joint Venture which comprises the Rabie Property Group and a Harries Projects consortium.

The 43 luxury one, two and three bedroom apartments will boast top of the range finishes, covered terraces and air conditioning, and will range in size from 94 square metres to 228 square metres. In addition almost all of the apartments have utility rooms and all one bedroom apartments have studies.

Priced from R2 650 000 to R8 500 000, VAT inclusive and with no transfer duty payable, all apartments will have basement parking and most of them will also have a store-room included in the price.

To be developed at a cost of R220million, the 11-storey Palme d’Or will be served by two lifts and a 24 hour dedicated concierge.

Its construction follows the successful completion in July of the third apartment block in the development, Palm Royale, which comprises 58 apartments over 11 storeys.

The first two phases of the Oasis development consisted of Palm Springs and Palm Grove apartment blocks with 174 units in total as well as Club House, of which all residents automatically enjoy membership. The 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, billiard room and a new 200 seater multi-purpose recreational/entertainment venue with a patio overlooking ponds and beautiful landscaped gardens which were extended with the opening of Palm Royale and will be further extended with Palme d’Or.

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 as well as physical rehabilitation.

As with Palm Royale, Palme d’Or will be linked undercover to the Oasis Club.

Green said besides all the exceptional facilities provided at Oasis, its location in Century City put it within easy walking distance of other world class amenities including the Intaka Island wetlands reserve and Canal Walk Shopping Centre.

“In addition, Century City’s pristine environment, beautiful landscaping, its high level of safety and security, its modern infrastructure and MyCiti bus service and so forth provide further appeal to purchasers.”

Construction of Palme d’Or is due to start in January 2015 with occupation scheduled for June 2016.

Green said there had been strong pre-launch interest and there was a growing list of potential purchasers who would be invited to an invitation only pre-launch function on Thursday 30 October ahead of the public launch on the weekend.

Anyone interested in being invited to this function should contact Cindy, Linda or Lorenda on 021 2500592/3 or Cindy on 0824957168.

October 21, 2013

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 details go to Palm Royale or phone Cindy, Linda or Lorenda on 021  5287310 or 082 4957168. For Care Centre enquiries phone Lizzie Brill on 021 5287301.