Mauritius comes to Singapore

Property investments from the exotic island of Mauritius were showcased for the first time in Singapore last weekend – and potential buyers will have another opportunity to learn about the island and a luxury property investment there tonight (Wednesday).

The development – Palmyra – in the Quatre Bornes area of the island – will offer 124 two- and three-bedroom apartments, with just four apartments allocated to each floor. It will be the first-of-its-kind lifestyle condominium in Mauritius.

The development has received a good response from buyers when it was exhibited in London and Paris, and last weekend it was also attracting interest at its debut exhibition in Singapore.

Somnath Giri, Associate Manager for Singapore real estate agency Dennis Wee Group, told PropertyGuru: “As far as I’m aware this is the first Mauritius project to ever be exhibited in Singapore.

“Singaporeans do need a certain amount of education about the benefits of buying in Mauritius, but we’re also seeing interest from expatriates too.”

Mauritius is ranked by the World Bank as the best place for doing business in Africa,

The project is offering 8 percent guaranteed returns as part of the investment package, and buyers investment more than US$500,000 are also entitled to apply for a permanent residency visa,

The development is expected to be completed in the latter part of 2016.

DWG has secured special pricing for the Singapore launch, where 160 sqm two-bedroom units are priced from US$300,000, while three-bedroom units measuring 185 sqm start at US$400,000, A special three-plus-two 390 sqm unit offering, which comes with an additional terrace, is priced from US$700,000.

The developer will be present and the promotional prices (which will be on offer until the end of July) will also be on offer at a final Singapore sales event tonight (Wednesday) at the DWG Sales Galles at Toa Payoh, starting at 7pm.

Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg

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