Following the public launch of Domaine Bonaventure last week, interest in the Mauritian development has escalated, according to a media release quoting eLan national sales manager, Andrew Thompson.
“Just over 50 sales reservations have been made and we are seeing a fifty-fifty split between people who have bought as a residential option and those who are buying from an investment point of view.”
Following public launch last week, people attending exhibition stands were generating further leads.
Domaine Bonaventure was launched to the eLan Investor Club Platinum Members on April 23, two weeks later to Gold Club Members and last week to the public.
Location, climate, permanent residency and return on investment are some of the development’s draw ards including a Trade Route Shopping Village and Market and a 1 500-seater International Convention Centre. Favourable interest rates and various tax benefits have also piqued people’s interest.
Thompson says the ability to settle a 70% bond within a six year period is attracting investors, and people looking for a permanent residence or offering short, medium or long term rentals.”
The 85ha development on the West Coast of Mauritius is a joint venture partnership between well-known property developer, the eLan Group and Mauritian construction company, Gamma Civic. It is part of the island’s Integrated Resort Scheme (IRS) where foreigners may purchase property for a minimum of US$500,000 and obtain permanent residency in the process.
Purchase options include 562 residential and hotel villas, 44 hotel garden apartments and 104 hotel apartments. Hotel garden apartments start from US$720,000 all inclusive, netting out at US$640,000 with VAT back after transfer. Hotel villas start at US$870,000 which nett out at US$775,000. Residential villas start at US$870,000.
The hotel component of Domaine Bonaventure will be launched soon and construction on the new development will commence in six to seven months time.