South Africans are buying apartments in Mauritius – here’s how much a residency-by-investment costs

 ·24 Oct 2021

With several airlines having resumed flights to Mauritius, Phase 4 in the Mont Choisy Golf & Beach Estate in Grand Baie is also set to take off as buyers begin flocking in to view the site, says Richard Haller, director of Pam Golding Properties Mauritius.

“On the back of a total sellout to the value of R550 million in phase 3, with construction already underway for handover to homeowners by April 2023, interest in the new phase of this highly successful development has escalated in recent months to the extent that a large contingent of eager South Africa buyers is booked to arrive during this last quarter of the year,” said Haller.

“We already have reservations from South African buyers for seven of the units – one of which is a spectacular penthouse – released in Phase 4, with some purchasers signing documentation and paying deposits for the property even prior to arrival as they are familiar with Mauritius and understand the value offered by the Mont Choisy development.”

Haller said that South African buyers in the development are a mix of families seeking security for their children as well as the 50+ generation looking for a secure retirement residency destination.

Mauritius offers a Residency-by-Investment opportunity when purchasing property at $375,000 or more, and there are no visitation requirements nor language tests. You, your spouse and children under 24 achieve permanent residency status, and in addition, you can also bring your parents with you as dependents, thereby enabling three generations to reside in Mauritius should you wish, Pam Golding said.

Haller said Phase 4, which forms part of the Mont Choisy La Réserve precinct, comprises 22 luxurious and spacious, two and three-bedroom apartments, priced from EUR432,000 and two three-bedroom, full-floor penthouses priced from EUR1.48 million (one of which remains available for purchase) and one four-bedroom, full-floor penthouse priced at EUR2.18 million.

Within the same La Réserve precinct, Pam Golding Properties is also marketing four Fairview villas, priced from EUR2.05 million and ranging in size from 1 314 to 2 626sqm, and 12 Sanctuary villas, comprising single-storey simplex units and double-storey duplexes, priced from EUR1.1 million and from 784 to 818sqm in size.

To complement the new phase, a sports and leisure centre with a fully equipped gym, large swimming pool, hammam (steam bath) and sauna and offering yoga and Pilates classes as well as a children’s play area, will be completed in December.

Situated within Mont Choisy Smart City, an economic development scheme aimed at creating ideal conditions for investment, working, living and relaxing, the estate is in close proximity to a completed Boulevard with shops, restaurants and offices to commence development next year (2022), as well as a C-Care Clinic.

Read: This coastal town in South Africa is the new hotspot for high-net-worth semigration buyers

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