EDEN Island in the Seychelles, situated just off the coast of Mahé Island, is a residential marina development featuring freehold-title luxury apartments, spacious maisons (semi-detached duplex homes) and private villas, each with their own mooring.
Situated on a 48ha reclaimed coralline island — linked to the mainland by a causeway access road — this unique project has a marina capable not only of handling yachts of 85m in length, it is now officially one of only a handful of island marinas in the world that can handle super, superyachts of up to 100m in length.
It is here in this island setting that Pam Golding Properties Projects Division reports the recent sale of a six-bedroom luxury villa sold to an Angolan buyer for a top price of $5,6m — paid for in cash.
During the past month or so, a further five properties — three apartments and two maisons — have also been sold, two of which were purchased by South Africans, two by French buyers and a fifth to a buyer from UAE, at a total sales value of $3,385m.
Chris Immelman, MD of Pam Golding Properties Projects Division, says: “The $5,6m sale at Eden Island is the highest-priced sale this division has achieved to date on overseas soil. Set on 4500m² , the site of this villa is unique, with water on three of its boundaries and adjacent to one of the four private beaches on the island and with unobstructed views towards the island of St Anne.
“Global interest in Eden Island is renewed and no doubt the fact that this project is now established, with the first phase almost fully sold and many owners having taken up occupation in their completed homes, is tangible proof of this major project coming to fruition as well as its huge lifestyle appeal. These first buyers have already seen their investment in their completed homes increase in value by approximately 15% to 20%,” says Immelman.
Of the close to 300 properties sold by Pam Golding Properties on Eden Island, to date 142 apartments and 35 maisons have been completed.
The balance of apartments and a number of villas in the first phase will be completed by the end of 2009, along with two of the four beaches and the world-class marina. The clubhouse is fully functional with its gym, swimming pool and fresh food deli operating full time.
“While sales are not what they were a year ago, improved sentiment is seeing sales volumes increasing month on month — with the stronger rand/US dollar exchange resulting in growing demand from a South African perspective. Of the sales to date, 44% are to South Africans, with 13% sold to French buyers and about 10% to UK investors.”
Currently, Pam Golding Properties is marketing a mix of products priced from $375000 for 80m² luxury apartments, $895000 for a three-bedroom duplex, to $1,315m for luxury freestanding villas.
Every home includes an electrically powered vehicle for transportation on the island.
A further two to three phases consisting of another 170 units are still to be released.
Contact: Pam Golding Properties Chris Immelman or Richard Epstein 021 762 2617