2Futures has a great opportunity for local buyers who pine for dream homes on the Mauritius real estate market. Ocean Point Beachfront Residence, a 2Futures development exclusively for Mauritian buyers, still got two unsold units as of the 2021 second quarter.
This property is located at Pointe Aux Biches just a short distance from Grand Baie. Composed of 15 boutique apartments, this project has a development value of USD9 million and is expected for delivery in early 2022.
Ocean Point Beachfront Residences stands as a current hotspot for Mauritian homebuyers.
Locals’ homeownership dream fuels market
Significantly, domestic demand remains a bright spot in the Mauritius real estate market, making Ocean Point a hot prospect for Mauritian buyers. Despite the Covid-19 pandemic, Mauritians’ investments in real estate activities perked up in 2020, government figures indicate.
Estimated Mauritius real estate investments from domestic sources amounted to MUR1.5 billion in the first nine months of 2020. This estimate represents a 23 per cent share of the total MUR6.62 billion real estate investments during the period. While foreign investors in real estate development schemes still dominate, the 2020 domestic slice is a remarkable improvement from its 13 per cent share in the comparable 2019 period.
This rise notably dovetails with a 2017 bank study that purchase of a property is topmost amongst Mauritians’ future priorities. Some 28 per cent of the Mauritians polled for this study chose home purchase as their priority. They outnumbered those who preferred travelling (21.7 per cent) and buying a car (16.9 per cent).
Winsome template for domestic buyers
The quick domestic market absorption of another 2Futures development—Le Barachois Beachfront Residences—affirms homeownership’s precedence on Mauritians’ wish list. In 2020, 2Futures delivered and sold out the 14 units of Le Barachois, which is next to a coastal lagoon, the perfect setting for a dream home.
Located in the quaint village of Calodyne, Le Barachois features duplexes rendered in modern tropical architecture. This development flaunts exceptional amenities, including an exquisitely landscaped garden, as well as private and common pools. Calodyne’s proximity to the vibrant life and leisure hubs of Grand Baie also helped drive Le Barachois sales.
Le Barachois in Calodyne is a showcase of success for rental properties in the north of Mauritius.
Like Le Barachois, Ocean Point offers a premium beachfront lifestyle plus more besides the vibrant attractions of Grand Baie. Ocean Point notably cornered a piece of a coveted neighbourhood at Pointe Aux Biches that also hosts plenty of prime establishments. This locale, for instance, is also home to the Westin and Le Meridien Ile Maurice.
Ocean Point’s features are more than a match to these neighbours. Gated and private, this development has direct access to the beach, and its apartments serenely nestle amidst a lush garden. Ocean Point also flaunts a community pool fronting the beach, surely another winsome element for a dream home that Mauritians covet.
English