Island subject to applying for sanction from the
government, ie providing the government with
personal documentation, and PGP will process this
application on behalf of the purchasers. Anyone
purchasing property on Eden Island is entitled
to apply for residency and up to six investors
(co-purchasers in a single property), together with
their partners and children under 18, can apply for
residency rights. It is not difficult to acquire residency
million for a five-bedroom villa. Connected to the
capital island of Mahe by a newly constructed bridge
over the narrow ocean channel to the Seychelles’
capital , Victoria, Eden Island covers over 56 hectares,
with more than 16 hectares of private waterways,
as well as a separate commercial precinct with
restaurants, a supermarket, delis, boutiques and coffee
shops. The new Eden Bleu Hotel opens its doors in
October 2014 and Eden Island is scheduled for final
T he succe s s of E den Isl a nd h a s f u r t her
demonstrated South Africans’ growing appetite
for acquiring property which affords them not only
a highly desirable leisure destination or lifestyle
with sound investment potential, but also access to
residency. It has certainly caught the imagination of
investors, holidaymakers and professional yachtsmen
the world over, with Pam Golding Properties having
sold approximately 460 units to date to the value of
$400 million, and just approximately 100 units left.
Investment in Eden Island has proven very sound
and lucrative, with prices having appreciated
considerably over the years. For example, a one
bedroom unit which sold for $285 000 in late 2006
would now fetch $425 000. Generally owners are
achieving growth on their investment of some 5% per
annum, and the fact that there are very few re-sales
speaks for itself. Similarly the rental pool provides
an option to achieve up to 10% per annum rental
yields, with a strong demand among holidaymakers
from France. Now is certainly an opportune time for
investment, as one can expect to see the most growth
after the final year of completion.
as long as you have all the correct paperwork in place.
Sound investment potential
With regular flights available from South Africa and
only an eight minute drive from the airport, Eden
island offers a mix of freehold title villas, maisons and
apartments priced from $425,000 up to around $3.5
www.reimag.co.za
completion in approximately 18 months to two years.
RESOURCES
Pam Golding Property Group’s International
and Projects Division
Offshore Handbook 2014
39