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Over 100 units sold in Le Parc De Mont Choisy Golf & Beach Estate in Mauritius

Reaffirming ongoing global market demand for luxury homes in prime, sought after destinations, the most expensive villas have been the first to sell out at the upmarket Stefan Antoni-designed development, Le Parc de Mont Choisy Golf and Beach Estate in Mauritius. 

These villas achieved prices from USD1.6 million (approximately R17.8 million). However, a further release of villas includes the introduction of smaller units priced from USD1.2 million.


 
Launched just 18 months ago (March 2013) and marketed by Pam Golding Properties International & Projects Division, the development is situated in prime position in the sought after Grand Baie area in the north of the island - a region popular among leisure-seekers from around the world.
 
Chris Immelman, MD of Pam Golding Properties International & Projects division comments: “Generally, South African residential property buyers tend to look at the areas of Grand Baie and Tamarin because of the infrastructure and expatriate communities that live in the area, while international purchasers are also drawn to this location due to its good infrastructure and because the weather is better all year round.”
 
Pam Golding Properties and its Mauritian operation report that to date (September 2014) just over 100 units in the upmarket Le Parc de Mont Choisy development have been sold at a total value of over USD100 million, or the equivalent of approximately R1.112 billion at current exchange rates. In addition, a further 10 units (villas and apartments) have been reserved.
 
Immelman says purchasers to date are primarily French-speaking, either from France or from nearby Reunion, while approximately 25 percent are from South Africa and the balance mostly from Europe. “These are affluent buyers, many of whom own several leisure properties in various locations around the world. Le Parc de Mont Choisy has all the ingredients for success and more.”
 
Easily accessible internationally, apart from its prime location alongside the white sands of beautiful Mont Choisy Beach in what is regarded as the very best position in Mauritius, the contemporary architecture of Stefan Antoni of SAOTA – Stefan Antoni Olmesdahl Truen Architects, together with the fact that world-renowned South African designer, Peter Matkovich, designed the 18-hole golf course, provides both local and international appeal.


 
Adds Jonathan Tagg, director of Pam Golding Properties Mauritius:  “The development offers a broad range of prime located apartments and villas well priced from USD700 000, which is very competitive for an IRS (Integrated Resort Scheme) with a top quality golf course of international standard, country club, spa, restaurant and numerous other attractions which ensure everything you require is at hand.
 
“Over and above this, buyers also qualify to apply for Mauritian residency – in a country which offers not only an idyllic climate and lifestyle but also a stable economy and business- and tax-friendly environment. All these factors contribute to the growing desirability of Le Parc de Mont Choisy as an ideal getaway or permanent residential investment. Of further benefit to owners is a rental pool to derive an income stream when they are not in residence.”
 
The entire estate, including the golf course, comprises over 1200 acres, with lush landscaping utilising mainly natural grasses and plants of the island to minimise water usage.
 
“Since launch there has been a phenomenal uptake of both the apartment and villa precincts with all of 55 Park Villas and Golf Villas sold out. The second phase comprising a further release of 53 villas, expected to be priced from USD1.7 million, is about to be launched in November this year (2014). Interested buyers are able to register their interest now and information will be sent as soon as the details of the new villa release have been finalised,” says Tagg.
 
“From an apartment perspective there are only five units with golf course frontage remaining in the Banyan Grove apartment precinct, priced from USD800 000, with all the entry level units sold in the La Peninsule apartment precinct.”
 
He says in order to meet the high demand for units, the developers have just released a further 20 La Peninsule apartments in the current phase, which represents exceptionally sound value in the present market. These are well priced from USD680 000 to continue the steady flow of sales. “The rapid uptake at Le Parc de Mont Choisy has in part been driven by first phase pricing and the prime location in the north in the region of Grand Baie. This makes for an attractive offshore property investment as a sound currency hedge with the potential for positive capital appreciation.”
 
Le Parc de Mont Choisy is close to several pre-primary, primary and high schools - in both French and Cambridge English. Vibrant Grade Baie, with its broad range of shopping facilities, business hub, pavement cafes and buzzing nightlife, is just minutes away.


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