select
|

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
  
2000
Characters remaining


    Latest Property News
    • 25 Apr 2018
      Whether you are a seasoned seller or new to the game, putting your home on the market is an exciting moment. To ensure you get the best possible outcome these 8 value adding additions to your home is worth the effort.
    • 25 Apr 2018
      After four years of unprecedented growth fuelled by semigration, the Southern suburbs market faced a number of challenges in 2017, including dwindling affordability and a marked slowing in house price growth with many sellers forced to lower their prices in order to secure a sale.
    • 25 Apr 2018
      Mall of Africa, is celebrating its second year of sensational success. This splendid super-regional shopping centre first opened on 28 April 2016, and has grown in popularity, performance and profile since then.
    • 25 Apr 2018
      While the role of trustee in a sectional title scheme is a voluntary and unpaid position, it is one that comes with huge responsibility. Trustees have a fiduciary duty towards their scheme, says Chinelle Hewit, Operations Manager at sectional title finance company Propell.
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK