Clara Anna Fontein retirement village launched

Clara Anna Fontein retirement village launched

The recently completely lifestyle centre at Clara Anna Fontein.

The first of three new retirement villages planned for Cape Town by leading Western Cape property developer, Rabie Property Group, within the next eight months is now being launched at its prestigious Clara Anna Fontein estate in Durbanville.

These villages are being developed at a cost of R2.5 billion and will form part of the group’s existing mixed-use developments, Clara Anna Fontein, Burgundy Estate and Century City. They are being launched under a new brand, Oasis Life, which is based on the life rights model.

The launch follows the sell out of Rabe’s Oasis Luxury Retirement Resort in Century City where all 376 sectional title apartments were sold out six months ahead of the sixth and final high-rise apartment block being completed.

Oasis Life Clara Anna Fontein will have a total of 125 homes and an exclusive clubhouse consisting of a dining room, a coffee bar, a lounge, an activities room, a meeting room and a library as well as primary health care facilities staffed by a registered nurse.

Phase one of the development, which is now being launched, will comprise 56 one, two and three bedroom freestanding homes all with their own exclusive use gardens.

Unlike most other retirement developments where communal facilities are only provided towards the end of the development, the retirement clubhouse component of Oasis Life villages will be built as part of phase one.

As it also forms part of the Clara Anna Fontein estate, residents in the first Oasis Life village will also have access to the spectacular, recently completed R50 million Clara Anna Fontein Lifestyle Centre with its dining room and coffee bar, lounges, meeting rooms, a restored 18th Century manor house, a gym, two tennis courts, a squash court and a solar heated 25m swimming pool.

Homes will vary in size between 101 m2 and 273 m2 including garages and under cover patios with prices ranging from R2.3m to R5.5m.

Oasis Life Clara Anna Fontein will be pet friendly with residents able to keep small and medium size pets.

Civils work is expected to start by the end of the year or early next year with the first handovers scheduled to take place during early 2020.

Rabie chief executive, Leon Cohen, says with people living longer and the current shortage of options for people as they get older, they believe there is huge potential in this market for superior products that offer a really great lifestyle for residents.

“The first three planned villages are just the start. We are also exploring opportunities in other major centres aiming to create a national footprint of retirement villages, all based on the life right model, within the next five to 10 years.”

Cohen says Rabie, which has a 40-year track record of delivery and which has been responsible for many of the country’s award-winning, landmark developments including Century City, West Lake, Royal Ascot, Burgundy Estate and Clara Anna Fontein has delivered tens of thousands of homes and hundreds of thousands square metres of commercial space.

“Our focus has always been on delivering more than just bricks and mortar; it has been on developing large scale estates and well-integrated mixed-use developments designed to enhance the quality of life of those who live, work and play there.”

Cohen says Rabie had investigated different financial models and believe life rights offers buyers the greatest benefits and financial flexibility, with options that can be tailormade to suit individual’s special circumstances.

“Life rights provide buyers with the legal right to live in a home for as long as they and their nominated partner/spouse are alive. One of the biggest pros for buyers is that it guarantees professional management, taking away many of the day to day worries and hassles such as security, clubhouse management, maintenance and insurance facing bodies corporate.

“Buyers also have more certainty about levies and won’t face the shock of a special levy at any time.

“Also, very importantly, the developer is in for the long haul. By retaining ownership of all homes as well as the common property, it is in the developer’s interest to maintain and upkeep the village and its facilities to a high standard. This means the interests of residents and the developer are aligned.”

For further details call Johan de Bruyn of Louw & Coetzee on 082 881 201 or visit www.oasislife.co.za.