Mau­ri­tius worth an­other look

Financial Mail - Investors Monthly - - Opening Bell -

South Africans look­ing to buy a cross-bor­der hol­i­day or re­tire­ment home, with the added ben­e­fit of qual­i­fy­ing for per­ma­nent res­i­dency and the po­ten­tial for US dol­lar-based cap­i­tal growth, should take a fresh look at Mau­ri­tius.

The Mau­ri­tian gov­ern­ment last year in­tro­duced its new prop­erty de­vel­op­ment scheme (PDS), an amal­ga­ma­tion of two for­mer in­vest­ment schemes, which al­lows for­eign­ers to buy prop­erty in ap­proved projects. For­eign­ers who in­vest $500,000 or more qual­ify for a res­i­dence per­mit and the is­land’s favourable tax­a­tion ben­e­fits.

One of the first res­i­den­tial projects to be re­alised un­der the PDS is St An­toine Pri­vate Res­i­dence, a lux­ury es­tate that will be launched off plan next month. St An­toine, 10 min­utes’ drive from the busy tourism hub of Grand Baie, is made up of 100 lux­ury, self-cater­ing apart­ments and pent­houses. Units are two (150 m2), three (150 m2) or four bed­rooms (240 m2) and are priced be­tween $500,000 (R7.5m) and $800,000 (R12m).

St An­toine of­fers Mau­ri­tian priv­i­leges

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