The Tamarina Beach Club and restaurant.

Before the official launch of the second phase of 60 luxury villas in the Tamarina Golf Estate and Beach Club in Mauritius, the Pam Golding Property (PGP) group’s international and projects division has already received 32 reservations with a waiting list of 11 further buyers.

Of these about 30 per cent are South Africans, with the balance being buyers from Europe. Some 25-30 percent of buyers at Tamarina live there permanently, says Dr Andrew Golding, CE of the PGP group.

“The strong demand for this second phase at Tamarina is not surprising given the sound capital growth and desirability of homes in this development. This is born out by the fact that PGP has only had 12 resales in the first phase and all these sellers had doubled their original investment in about 18 months – from the time of taking transfer to selling on. At a total sales value of US$23 million for these 12 villas this equates to an average price of US$1.9 million.

“South Africans are increasingly drawn to Mauritius for a variety of reasons, including its idyllic lifestyle and easy accessibility, and the fact that you can acquire residency through buying residential property. They are also attracted by the potential for making a sound property investment, a factor which is underpinned by Mauritius’ stable economy and positive global reputation. Last year, Mauritius was judged the best governed African country by the Ibrahim Index of African Governance, and was also declared the world’s leading island destination at the 16th World Travel Awards in London in November.”

Tamarina was the first Integrated Resort Scheme (IRS) development in Mauritius, which enabled foreigners to buy property in the country. Backed by a reputable and successful developer, this is a low density estate which includes arguably one of the best golf courses on the island, says Fabrice Orengo de Lamazière, a director of PGP’s international and projects division.

“The first phase of this development has been so successful, with all 119 luxury villas built, that a number of first phase investors are now wanting to buy in the second phase – Akasha, Tamarina’s River Estate. In addition to the appeal of a sound investment, a key reason for this is the spectacular location of Akasha, set on 24.5ha between the mountains and sea with breathtaking views of the river and of well-known Tamarin Bay.”

He says the confidence shown in the second phase of the project is further boosted by the fact that there is tangible proof of the success of the project, with all the homes in the first phase completed, and the 18-hole golf course and beach clubhouse already established, and grounds landscaped.

Akasha consists of 28 river villas including 320 m2 three bedroom units or 350 m2 four bedroom units, along the river

View from the Tamarina Beach Club.

on stands ranging in size from 900 – 1 600 m2 and with the average price US$1.5 million. The development also includes 32 plateau villas in five different styles, ranging in size from 350 – 450 m2 on 2 000 – 3 200 m2 stands on the plateau overlooking the river, sea and golf course. Prices for these villas average around US$2.2 million.

Home owners in Akasha will have access to Tamarina Beach Club and golf course, with additional facilities including a restaurant and boat house (for kayaking). In terms of the IRS legislation, buyers will also have Mauritian residence status.

Call Fabrice Orengo de Lamazière on 082 492 9756 or email fabrice.delamaziere@pamgolding.co.za.