select
|

New integrated scheme launched in Mauritius

An iconic view which perhaps most symbolizes the renowned beauty and tranquility of the tropical island of Mauritius is the captivating vision of the sun dipping slowly below the horizon as you languidly sip a sundowner.
 
This is just one of many reasons why international buyers - and South Africans in particular, are looking to acquire a leisure property or permanent residence in this accessible, prime destination, says Chris Immelman, MD of Pam Golding Properties International and Projects Division.


Artist's impression of the exterior of La Tourella Ocean View Villas in Mauritius
 
“Traditionally a popular tourism hotspot for South Africans, since legislation in Mauritius was amended to allow foreign ownership of residential property in Integrated Resort Schemes - and subsequently Real Estate Schemes, we have seen a large inflow of buyers attracted by very competitive tax rates, a secure and idyllic lifestyle and warm, sunny climate. And, as Mauritius has a stable economy and sizeable foreign community – including a fair percentage of South Africans, new home owners taking up permanent residence find an inviting environment and social network.”
 
He says many foreigner buyers prefer either the west or north coast of the island as these coastlines are arguably the most beautiful part of Mauritius, affording the postcard-perfect views of the sun setting over the ocean, offset by white sandy beaches. The just launched La Tourelle Ocean View Villas, an Integrated Resort Scheme (IRS) located on the west coast just minutes from Tamarin Bay on the hillside of La Tourelle du Tamarin Mountain, capitalises on its prime, elevated position, with unrivalled vistas across the lush indigenous foliage to the blue Indian Ocean and distant mountain ranges.


Artist’s impression showing the panoramic view from La Tourelle Ocean View Villas in Mauritius.
 
Says Immelman: “Having sold all the residential units in Tamarin Golf Estate and Beach Club, located in nearby Tamarin and which was the very first IRS scheme launched in Mauritius, we anticipate a high demand for La Tourelle Ocean View Villas, which are in an extremely sought after location and  priced from €1.1million for three or four bedroom villas.” A few years ago, Pam Golding Properties also sold out all 40 units in La Tourelle Apartments, which is fully completed and occupies an adjacent site.
 
Tamarin is known for its beautiful bays and good infrastructure with shops and restaurants and is popular for surfing, kite-surfing and boating. The west coast is also considered one of the best fishing spots worldwide, especially for big game fishing. A variety of other sea excursions are available, aboard catamarans or speedboats, while crystal clear lagoons provide an array of tropical underwater scenery and diverse marine life. Riverland Sports Club in Tamarin itself provides a wide range of sports and leisure activities, while there are a number of 18-hole championship golf courses in the area. Tamarin is within a 15 minute drive of the unique seven-coloured earth dunes of Chamarel, among the oldest and most spectacular landmarks of Mauritius. Casela Nature and Leisure Park, with some 140 varieties of birds from around the world and numerous animal species, is also within easy reach and includes walking trails, quad biking, ziplines, hanging bridges and safaris.


Artist’s impression showing the bedroom and spectacular view from La Tourelle Ocean View Villas.
 
Set on eight acres, the first phase of the new development in La Tourelle Ocean View Villas comprises 26 luxury villas which will blend discreetly into the hillside, designed to convey the feeling of being suspended between heaven and earth. The units are positioned for maximum privacy and a sense of seclusion.
 
Ranging in size from 330sqm to 700sqm, the villas will also convey a seamless flow between interior and exterior, with outdoor covered terraces and large expanses of glass enabling residents to take maximum advantage of the panoramic views. The architectural style embodies contemporary tropical elegance, with the use of traditional materials and high quality interior finishes.  Each villa has the option of being fitted with the latest high-tech home automation, interactive multimedia systems and interactive TV systems. Residents will be able to control lighting, temperature, multimedia and sound systems, shutters and alarm and have access to a range of online services. A residents club will also form part of the estate, with a lounge and bar, gymnasium, swimming pool and hammam (Turkish bath).
 

Artist’s impression showing the lounge and breathtaking views from La Tourelle Ocean View Villas.

When completed, La Tourelle Ocean View Villas will comprise a total of 78 units, with construction of the first phase anticipated to commence in mid-2015. With 50 years of experience in property development and key infrastructure projects, the developers of the project are Sunset in Paradise Ltd, part of the Bhunjun Group, which is among the Top 50 companies in Mauritius.
 
Adds Immelman: “Under the IRS legislation, foreign buyers and their immediate families are eligible for permanent Mauritian residence, which remains in force as long as the buyer retains ownership of the property.”
 
Ideally positioned to do business on an international level, Mauritius remains among the most competitive and successful economies in Africa and prides itself on being open to foreign investment. Considered an appropriate platform for investments in Africa, Mauritius has a flat corporate tax of 15 percent, no inheritance, capital gains or dividend taxes and double treaty agreements with various continents including Africa, Europe and Asia.
 
“As a result, we see a continued increase in business people and families looking to relocate to Mauritius. Familiar brands such as Woolworths, Ocean Basket, Nando’s and many others allow South Africans to feel at home,” concludes Immelman.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    • 21 Nov 2017
      The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home.
        
    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