July 4, 2017

The Official Opening of the Clubhouse, Hearty Farewell to Jack and Marilynne and a warm welcome to Wentzel.

250 Oasis residents came to celebrate the opening of the Clubhouse on 28 June, this celebration also included the welcoming of the new General Manager, Wentzel Holtzhausen. A hearty farewell was said to Jack and Marilynne Boddington, whom the Oasis residents call a friend, as they have an exceptional long service of 10 years.  We thank Jack and Marilynne for everything that they have done for Oasis and the residents.  Pictured below are the spectacular highlights of the event:

April 20, 2017

New and expanded facilities nearing completion

Construction of both the Clubhouse extension and the new Oasis Medical Support Centre are due for completion at the end of May with both expected to be operational in early June.

The double storey Oasis Medical Support Centre, which will provide homecare staff and administration facilities as well as a doctors’ surgery, will significantly expand the level of care services on offer at Oasis.

The Homecare service, which is run and operated by the Oasis Care Centre, offers residents who are not yet ready for assisted living or frail care, but require assistance, to hire home-based care services according to their requirements.

Oasis Care Centre has an attending doctor whose practice has expanded to include a second doctor. As well as providing services at the Care Centre they will be based in the new consulting rooms at the entrance to Oasis which makes them easily accessible to residents.

The Oasis Medical Support Centre is being developed by the developer, the Oasis Joint Venture, at a cost of around R2,5 million.

Meanwhile the R3,8 million extension to the Club house which will significantly increase the capacity of the dining room, kitchen and lounge is also scheduled for completion at the end of May.

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.

April 17, 2014

Palm Royale nears completion

Oasis Palm Royale

Palm Royale, the third apartment block in the Oasis Luxury Retirement Resort in Century City, is nearing completion.

With practical completion still a month off and the first transfers scheduled for end June, buyers have already snapped up 42 of the 58 apartments for a total value of more than R197million which equates to 75% of the total value.

Purchasers attended a function on site this week to celebrate the completion of the new extended communal facilities which include a 200 seater multi-purpose function room, a large water fronting patio and a new hobbies room creatively built in a hollowed out berm that separates the resort from Ratanga Road.

The beautifully landscaped gardens have been extended as has the water feature to create a scenic lake and a flowing stream onto which a number of the ground floor apartments front.

Owen Futeran of the developers, the Oasis Joint Venture which comprises the Rabie Property Group and a Harries Projects consortium, said that there had been a flurry of sales in recent weeks with three additional units close to finalisation.

“We expect the R200million mark will soon be reached as the momentum is fast building with buyers now able to see what they will be getting rather than just buying off plan.”

The R260million Palm Royale block comprises spacious two and three bedroom apartments which 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.

The first two phases of the Oasis development consisted of Palm Springs and Palm Grove apartment blocks with 174 units in total and a Club House, the facilities of which would not be out of place in a five star hotel 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 as well as physical rehabilitation.. All apartment owners receive Primary Health Care assistance provided by the Care Centre and a new clinic will be located in the Palm Royale building.

Palm Royale Century City will be linked undercover to the Oasis Club and its new extended facilities.

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

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.

September 2, 2013

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.