New villas launched at Eden Island with yacht mooring on your doorstep

Rapid progress at the luxury 56 hectare resort of Eden Island in Seychelles has seen a total of 400 units sold at a combined value of $340 million, or the equivalent of approximately R2.9 billion, says Dr Andrew Golding, chief executive of the Pam Golding Property group, exclusive marketers of the project.

These sales consist of 258 apartments, 89 maisons and 53 villas, and reaffirm the success and popularity of this development even amid the global economic turmoil experienced. There are now approximately 200 units remaining available for purchase. Units are sold with freehold title ownership and fully air conditioned throughout, while furniture packages are optional.

Says Dr Golding: “Now, for the first time on Eden Island, buyers can acquire a villa with access to their own mooring directly in front of their garden. The current villa owners have their moorings in other basins or in the main marina. This means you can simply step out of your front door and into your boat, and head off for the day, without requiring use of a golf cart.”

Ranging in size from 250 to over 609 square metres on plots up to 820 square metres, these new Basin 5 Villas are priced from $2.6 million to $4.5 million, depending on the layout selected. Located right on the water’s edge, they have scenic views over the basin to the beautiful mainland of Mahe and its mountain backdrop.

There are already about 120 boats moored at Eden Island, including super yachts which range from 60-120 metres, as Eden Island is easily able to accommodate these. Only four and a half hours’ flight from Johannesburg, Seychelles is a popular destination for South Africans, who comprise the bulk (over 40 percent) of buyers at Eden Island. Over the past six months other purchasers include those from France, Czechoslovakia, UK, Russia, Italy, United Arab Emirates, Angola and locals from Seychelles.

Further benefits for home owners include the new retail centre, which will be completed by the end of 2012 or early 2013, and which will include a supermarket, shops, restaurants, gymnasium, spa and medical centre, as well as other stores. This means that residents have the convenience of not having to leave the island. The developer is also in the process of building a small boutique hotel which will be completed in 2013.

Adds Dr Golding: “Proof of the strong and ongoing demand for homes at Eden Island is that few units become available for re-sale. The advantage of acquiring a new unit is that buyers can choose their own layout and finishes, and are not required to pay duty of 6.5 percent. A key element for investment purchasers is the rental pool, where rental yields average at approximately five percent per annum.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us