Mont Choisy Golf & Beach Estate in Mauritius a ‘home from home’ destination for SA home buyers

Mont Choisy Golf & Beach Estate in Mauritius – situated between the seaside town of Grand Baie and Mon Choisy Beach – remains a popular choice among South Africans looking to buy homes to invest, relocate or retire and enjoy the benefits of the island’s Residency-by-Investment option.

Interest in Mauritius as a relocation destination is growing annually due to the year-round sunshine, tranquil environment, efficient tax system and ever-expanding services that make Mauritius a sought-after alternative to living in a city. In 2023/4 Mauritius has seen a significant increase of 16% in residential property sales volumes (units) with 2024/5 set to see additional growth in unit sales, says Jonathan Tagg, director of Pam Golding Properties Mauritius.

Says Tagg: “Such is the demand from the South African buyers that over 30 units were sold in Phase 3 (already handed over) and Phase 4 (currently under construction) of the La Réserve precinct on Mont Choisy Golf & Beach Estate. Phase 5, where apartments range from USD 599 000 to USD 988 000 with construction now underway, has 19 buyers from South Africa.

Global purchasers in this estate hail from France and other European countries such as Belgium, Germany, UK, Switzerland, Sweden and Luxembourg.

To date Pam Golding Properties has sold 78 units in Mont Choisy La Réserve at a total value of approximately USD 61.2 million.

Completed in 2017, Phases 1 and 2 of the estate have a large community of South African and European owners and tenants who find the central location and community environment suits their requirements when relocating from bustling city life. With an offering of apartments, penthouses and villas at very competitive pricing, Pam Golding Properties aims to complete sales in Phases 4 and 5 over the next two years.

Mont Choisy is a well-established estate with a host of facilities – including a Peter Matkovich Championship golf course, tennis and padel courts, cycling and jogging tracks, sports and leisure centre with gym, swimming pool, hammam (steam bath), sauna and children’s play area. In addition, a shopping centre with restaurants and offices, and a C-Care Clinic private hospital are already on site while further shopping facilities are planned.

Adds Tagg: “The idyllic 1.5km Mon Choisy beach is a popular draw for the estate, as well as the exceptional location with Grand Baie on the western boundary as the town’s infrastructure, services and access to schools, shops and medical facilities have driven up the value of the estate – including property values.

“With 250 residents having already taken occupation, the leisure centre is extremely popular as a social meeting place for homeowners and tenants, while the golf course is fully in use and well-frequented by golfers. In December 2023, Mont Choisy Le Golf hosted an important golf competition, making its international tournament debut on the DP World Tour and Sunshine Tour schedules.

“While the retirement community has been the largest quantum of purchasers, we are now seeing a surge from remote working buyers, with an escalation in demand for villas and apartments – particularly completed units. As our time difference with Europe and South Africa is only two hours behind, residents can still go to gym, jog, meet up at coffee shops and the like before starting work, then end their work-day at 7pm local time, with still ample time to go out to a pub or restaurant or enjoy other leisure activities, while during the weekends they can revel in the island lifestyle.

“Over the past year we have seen a high demand for Residency – comprising approximately 54% of our sales in the price band from USD 375 000 up to USD

600 000. Mauritian Residency can be acquired with an investment of USD 375 000, which also qualifies your spouse and children under 24 years of age as well as your parents to live on the island.”

Always a popular tourism destination, Mauritius now enjoys high appeal for permanent residency for numerous factors, including: only a four-hour flight from SA, widely spoken English, political stability, considerable expat community, the security aspect, cheaper cost of living compared to Europe (1 ZAR = MUR 2.7), international schools and greatly improved infrastructure including road network, and a wide variety of amenities.

Adds Tagg: “Apart from European and South African buyers, a few Mauritians also purchased in Phase 1 for rental income. Under Pam Golding Luxury Rentals, we are now managing approximately 80 units in Mont Choisy Le Parc, which comprises the first and second phase of the Mont Choisy development, and we have just enrolled about 15 more units in Phase 3 apartments.

“On Mont Choisy Estate we have seen rental returns around 5% per annum, and capital growth of around 15 percent from start of construction till completion. We will see another surge in pricing when the whole la Reserve phase 230 units is sold out. Many buyers plan to utilise the property for retirement purposes even if they rent out the property before relocation.”

For further information contact Jonathan Tagg via projects@pamgolding.mu or Whatsapp : +230 5498 3842.

Posted by The Know - Pam Golding Properties