Buying island property in Mauritius

28 Mar 2013

With its idyllic lifestyle, tropical climate, coupled with a stable economy and business - and tax-friendly environment, it’s hardly surprising that the island of Mauritius holds increasing appeal for those seeking a luxury getaway or permanent residential investment.

Launched in phase one are a total of 81 spacious units comprising 24 villas and 57 apartments while the second phase will consist of 73 villas and 51 apartments. Prices in phase one range from USD591 000 and, as with all Integrated Resort Schemes, buyers qualify for Mauritian residency.

This is the view of Dr Andrew Golding, CE of the Pam Golding Property group, who says apart from the attraction of offering the potential for permanent residency, Mauritius is rapidly becoming renowned as a prime golfing destination.

To date, Pam Golding Properties’ (PGP) International & Projects Division has sold over 302 units in Mauritius at a total value of over USD230 millionat a number of residential developments.

“Apart from our experience and proven track record in marketing prime real estate in Mauritius to an extensive database of high net worth interested buyers, one of the factors underpinning our success in marketing projects in this tropical paradise is the quality and high desirability of these developments.

"Now, a brand new, low-density development, Le Parc de Mont Choisy’ has been launched which epitomises the ultimate in ‘barefoot luxury’, situated on the north-west peninsula in what is considered the very best location on this island paradise’s upmarket ‘Golden Mile’,” says Dr Golding.

Developed by partners 2Futures and Mont Choisy Property Development Company – who have completed three other residential developments in Mauritius with a further two currently under construction - and designed by renowned architect Stefan Antoni of SAOTA – Stefan Antoni Olmesdahl Truen Architects, ‘Le Parc de Mont Choisy’ is in fact the only residential golf and beach estate located in the highly desirable north of Mauritius. 

Located on the outskirts of the vibrant town of Grand Baie alongside the white sands of beautiful Mont Choisy Beach, Dr Golding says the new development portrays a luxurious, modern Mauritian lifestyle set in what can only be described as compellingly magical, tranquil surrounds, complete with eco-sensitive features which include a desalination plant, waste water treatment irrigation and solar power system.

“Based on the attractive pricing compared to other IRS (Integrated Resort Scheme) estates on the island, coupled with the fact that this is the very first time development land is being unlocked in this prime location, we are expecting a positive market response to this first phase of the project.

“What really sets this development apart is that it combines prime position with the work of two iconic South African designers in their respective fields – Stefan Antoni and internationally renowned golf course designer Peter Matkovich,” says Dr Golding. 

Antoni is responsible for the design of the apartments and villas and has brought his innovative vision and contemporary style to create magnificent residences that do full justice to the natural beauty of the site. The 18-hole golf course is designed by Matkovich, who has designed and overseen the construction of some of the finest golf courses in Southern Africa, including the globally acclaimed Pinnacle Point course on the Garden Route.

2Futures also recently completed Grand Baie Business Quarter, an upmarket business hub, while their development partners have completed the Mont Choisy Shopping Promenade, conveniently adjacent to the new golf estate.

Located on the outskirts of the vibrant town of Grand Baie alongside the white sands of beautiful Mont Choisy Beach, Dr Golding says the new development portrays a luxurious, modern Mauritian lifestyle set in what can only be described as compellingly magical, tranquil surrounds, complete with eco-sensitive features which include a desalination plant, waste water treatment irrigation and solar power system.

Stefan Antoni is responsible for the design of the apartments and villas and has brought his innovative vision and contemporary style to create magnificent residences that do full justice to the natural beauty of the site.

"This is combined with a country club, gym and spa, three restaurants, swimming pools and broad variety of outdoor leisure activities such as swimming, jogging, walking, waterskiing, kite-surfing, deep-sea fishing and scuba diving or just taking in the scenic surrounds.”

Launched in phase one are a total of 81 spacious units comprising 24 villas and 57 apartments while the second phase will consist of 73 villas and 51 apartments. Subsequent phases will see the creation of another 187 villas. Prices in phase one range from USD591 000 and, as with all Integrated Resort Schemes, buyers qualify for Mauritian residency. In addition, furniture packages are available.

The entire estate, including the golf course comprises over 1 200 acres, with lush landscaping focused mainly on the use of natural grasses and plants of Mauritius to minimise water usage. Construction on site will commence before the end of 2013, while the first phase of units is anticipated for completion at the end of 2014. Villas are sold on a freehold basis and apartments as sectional title units. Purchasers in the first phase will automatically gain complimentary membership of the golf club. The gym and wellness spa will be for the exclusive use of residents and guests.

Based on sales data from other golf developments in Mauritius and 2Futures developments to date, investment in a unit at Le Parc de Mont Choisy offers sound potential for capital growth of approximately nine percent per annum, says Dr Golding. Furthermore, he adds a rental pool will be available from the outset for owners to rent out their units when not occupied for their own use.

“A key factor in the development of any golf course is its sustainability and notably, Le Parc de Mont Choisy golf club already has a list of over 300 interested local members, eager to secure their membership by purchasing debentures in the golf club."

He says while there are a number of upmarket hotels in the vicinity of the new development, there are no existing golf courses in the area, which has resulted in a significant, pent-up demand for a facility of high standard - and what better than an 18-hole golf course designed by Peter Matkovich, whose philosophy is that “land and nature must determine the shape, style and direction of play, and its design should aesthetically enhance the nature of the environment rather than detract from it”.

Adding appeal for families and other investors is the new development's location close to several pre-primary, primary and high schools - in both French and Cambridge English, there are ample professional medical facilities on hand, and daily flights between South Africa and Mauritius. With its buzzing nightlife, pavement cafes, broad range of shopping facilities and business hub, Grand Baie is just minutes away. For those requiring finance the leading South African banks are well represented in Mauritius.

For more information, contact the Pam Golding Properties International and Projects Division on 021 762 2617 or via email.

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