“We have never seen such a rush on sales for a retirement product at a launch,” says Colin Green, a director of Rabie Property Group which is developing Oasis in a joint venture with a Harries Projects consortium.
“There is no doubt the fact it is the last opportunity buyers have to purchase directly from the developer has created an unprecedented level of urgency.”
The 11-storey building, comprising 42 one, two and three bedroom apartments, is being developed at a cost of R270 million.
It follows the success of Palm Brook, the fifth block in the resort currently under construction where 47 of the 52 apartments have been sold seven months ahead of completion.
Green said Palme Vue would comprise fewer but on average larger apartments than what had been offered in previous blocks to meet strong demand for even more spacious units.
Apartments, which range in size from 94 square metres to 247 square metres, including terraces, are priced from R3, 4million to just over R10million, VAT inclusive. No transfer duty is payable.
All the apartments have terraces or balconies ranging in size from 19 square metres to 77 square metres.
All apartments will have luxury finishes and a minimum of one basement parking. Many will also have a second bay and a storeroom included in the price.
As with the three most recent blocks (Palme d’Or, Palm Royale and Palm Brook), Palme Vue will be linked to the extensive Oasis Club facilities by an undercover passage. A satellite recreational room is also planned to add to the communal facilities for Oasis residents and their guests in the new garden court
Palme Vue will be served by two lifts and have a 24-hour dedicated concierge at the entrance lobby.
Construction is due to start in June/July this year with transfer anticipated in the third quarter of 2018.
For further details phone Cindy on 082 4957168; Lorenda on 0832704755 or Linda on 0827856160 or visit the website www.oasisretirementresort.co.za