2Futures projects buoy Mauritius property market

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A two-bedroom apartment in Ki Resort priced from USD375,000 opens permanent resident status in Mauritius.

A buoyant mood awaits foreign investors eyeing entry into the Mauritius property market. This thanks largely to the new home construction of 2Futures progressing steadily and already gaining traction amongst home buyers.

Government expectation that Mauritius “is on track” towards herd immunity following its Covid-19 vaccination launch also greatly boosts the market’s sentiment. The completion of major infrastructure projects on the island is another bright note for the Mauritius property market in 2021.  These projects resulted from government allocation of MUR6 billion for public sector investment works.

The projects included the construction of link roads, roundabouts, and the Phase 2 implementation of the rail transit Metro Express. These transport improvements will help further ease traffic congestion and further enhance the quality of life on the island.

 

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A heads-up for rental property buyers

The most potent path for homebuyers to benefit from the vibrant Mauritius property market is via projects geared as rentals. Significantly, the government has substantially sweetened such developments with incentives to attract foreign investors.

 

 

These come-ons include buyers’ eligibility for permanent residence on qualified purchases under programmes like the Property Development Scheme (PDS). The same residency incentive is likewise available in property development projects developed under the Integrated Resort Scheme (IRS) and Real Estate Scheme (RES).

Notably, the developments of 2Futures address to a great extent the buy-to-rent market segment.  2Futures has seven residential projects that already are generating significant sales even as these are still in their construction stage. These seven residential projects are bringing in a total of 280 units, thus significantly enriching the inventory of the luxury Mauritius real estate market.

2Futures’ hot-sellers in Pereybere

Ki Residences, a PDS project, is currently amongst the hot-selling properties in 2Futures’ ongoing developments. Located in Pereybere near Grand Baie, this project offers 56 luxury apartments and penthouses. It has a gross building area of 10,945 square metres and a development value of USD30 million.

Another 2Futures PDS project likewise in Pereybere, Ki Resort  is also generating strong sales. For this development, 2Futures is building 120 apartments and penthouses. Ki Resort, set for a gross building area of 10,945 square metres, has a development value of USD49 million.

A commercial project of 2Futures in Pereybere, 2Beach Club, is helping fan buying interest in Ki Residences and Ki Resort. Purchases in these residential projects are bundled with access to the luxury resort amenities of 2Beach Club, which is rising at a USD3 million cost.

The privileges of 2Beach Club are also amongst the perks in other upmarket 2Futures projects in the Pereybere-Grand Baie area.

Contact 2Futures for a full briefing on all its properties that contribute much to the vibrance of the Mauritius real estate market.

 

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