Areas and Places

Rabie & Co's Palm d'Or sold out before completion

Colin Green, a director of Rabie Property Group, and Owen Futeran, a director of the Harries Projects Consortium which are jointly developing the Oasis Luxury Retirement Resort in the gardens with block four, Palme d’Or in the background.

Palme d’Or, the fourth luxury apartment block in the Oasis Retirement Resort at Century City, has been sold out five months ahead of completion!

The last two of the 50 apartments in the 11 storey building were sold in the past week bringing the total value of sales in the building to over R220 million. Owen Futeran, a director of the Oasis Joint Venture, which comprises the Rabie Property Group and a Harries Projects consortium, said selling out ahead of completion was virtually unheard of for a retirement development.

“It is really testament to the high quality of the resort and all it offers in terms of facilities including a 110-bed Care Centre and a Club House that includes a 25m indoor heated pool where regular water aerobics classes are conducted by a qualified teacher, a massage room, sauna, steam room, a gym, a library, lounge areas, a restaurant, bar, bridge room, billiard room and a new, large multi-purpose recreational/entertainment venue and coffee bar with a patio overlooking ponds and beautiful landscaped gardens.”

Futeran said with all developer units having been sold at Oasis they were accelerating plans for the fifth block in the development and expected this to be launched early in April and construction scheduled to get underway in June.

“Strong pre-interest has already been shown in the next block and other interested parties should contact us to get their names on the invite list to the launch so as to avoid disappointment.”

He said resales at Oasis were also going strongly.

“We recently closed three resales in one week and one more since then resales are currently awaiting transfer. They consist of a mix of one, two and three bed roomed units and the total value of those sales is R18 050 000.”