November 30, 2021

South Africans are buying apartments in Mauritius – here’s how much a residency-by-investment costs

With a number of airways having resumed flights to Mauritius, Section 4 in the Mont Choisy Golf & Seashore Property in Grand Baie can also be set to take off as consumers start flocking in to view the location, says Richard Haller, director of Pam Golding Properties Mauritius.

“On the back of a total sellout to the value of R550 million in phase 3, with construction already underway for handover to homeowners by April 2023, interest in the new phase of this highly successful development has escalated in recent months to the extent that a large contingent of eager South Africa buyers is booked to arrive during this last quarter of the year,” mentioned Haller.

“We already have reservations from South African buyers for seven of the units – one of which is a spectacular penthouse – released in Phase 4, with some purchasers signing documentation and paying deposits for the property even prior to arrival as they are familiar with Mauritius and understand the value offered by the Mont Choisy development.”

Haller mentioned that South African consumers in the event are a mixture of households searching for safety for his or her kids in addition to the 50+ technology in search of a safe retirement residency vacation spot.

Mauritius affords a Residency-by-Funding alternative when buying property at $375,000 or extra, and there are no visitation necessities nor language checks. You, your partner and youngsters underneath 24 obtain everlasting residency standing, and in addition, you can too convey your dad and mom with you as dependents, thereby enabling three generations to reside in Mauritius do you have to want, Pam Golding mentioned.

Haller mentioned Section 4, which kinds a part of the Mont Choisy La Réserve precinct, contains 22 luxurious and spacious, two and three-bedroom apartments, priced from EUR432,000 and two three-bedroom, full-floor penthouses priced from EUR1.48 million (one in every of which stays obtainable for buy) and one four-bedroom, full-floor penthouse priced at EUR2.18 million.

Throughout the similar La Réserve precinct, Pam Golding Properties can also be advertising and marketing 4 Fairview villas, priced from EUR2.05 million and ranging in dimension from 1 314 to 2 626sqm, and 12 Sanctuary villas, comprising single-storey simplex models and double-storey duplexes, priced from EUR1.1 million and from 784 to 818sqm in dimension.

To enhance the brand new section, a sports activities and leisure centre with a absolutely outfitted fitness center, giant swimming pool, hammam (steam tub) and sauna and providing yoga and Pilates courses in addition to a kids’s play space, will likely be accomplished in December.

Located inside Mont Choisy Sensible Metropolis, an financial improvement scheme geared toward creating best situations for funding, working, residing and enjoyable, the property is in shut proximity to a accomplished Boulevard with retailers, eating places and workplaces to start improvement subsequent yr (2022), in addition to a C-Care Clinic.

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