Whether you’re moving for lifestyle or work, retirement or family, Moka Smart City is making it easier than ever for South Africans to buy property in Mauritius and live conveniently and comfortably with an unsurpassed lifestyle.
With its close proximity to South Africa, healthy lifestyle and world-class education and healthcare, Mauritius is top of the list for many South Africans looking to make a move offshore. Not only can the island be your primary residence or second home, but the highly attractive tax regime (15% corporate tax and personal tax, no inheritance tax, no capital gains tax, among others) as well as Mauritius’ rank at 13th on the World Bank’s Doing Business Index 2020 make it an obvious choice for corporates and entrepreneurs.
But with many property developments in the country, how does one choose where to set up shop? Launched by the Mauritius government, the Smart City Scheme develops new and intelligent urban ecosystems across the country – these mixed-use developments cleverly integrate residential, commercial and leisure facilities to create a city that’s a pleasure to live and work in.
The ENL Group is behind significant island property developments such as the Heritage Villas Valriche and La Balise Marina and, more recently, the Moka Smart City. The latter is situated inland, approximately 15 minutes from the capital Port Louis and 30 minutes from the international airport.
“Stretching across 500ha, it has become the place to live, work and play. It offers a new property range that is a shift away from the high-value holiday or second homes traditionally sold to international buyers,” says Rob Hudson, property consultant at ENL Property Limited.
Home sweet home
Moka Smart City’s residential development Les Promenades d’Helvétia caters for full-time living, retirement or investment, with modern architecture and an accessible and safe setting. The apartments with private gardens enjoy generous outdoor living areas, and those without gardens enjoy verandas and terraces, mostly north facing with excellent views of the Moka mountain range.
Two-bedroom apartments with excellent buy-to-let investment potential start from R2.7m, offering long-term rentals with yields at 6.5% per annum and capital appreciation of 7% per annum.
“South African retirees may also consider Moka an immediate option or as a future retirement back-up plan – and if the latter, a performing investment in the interim,” says Hudson. “As a retiree, you do not have to spend $375,000 on a property to obtain the permanent residence permit, so the apartments are a far more affordable option.”
Should you decide to make the move with your family, Les Promenades d’Helvétia in the residential precinct of the Moka Smart City offers premium three- to four-bedroom apartments, penthouses and duplexes from R6.2m, most of which qualify buyers for Mauritian residency. Alternatively, Moka’s studio apartments offer an ideal solution for students, in addition to being an attractive, income-generating offshore investment.
Les Promenades d’Helvetia properties: A touch of contemporary flair
Although the majority of Moka property buyers are Mauritians, the Smart City Scheme now offers a fantastic opportunity for foreigners who wish to buy property in this fast-expanding region. It’s a splendid opportunity to purchase exceptional real estate in a region that focuses on well-thought, continuous development.
See why Moka Smart City offers the ultimate lifestyle
Village life at the heart of a bustling city
The economic heart of the island also offers convenient access to major road networks and public transport. On the education side, Moka has every facility from nursery school to university. The Australian Curtin University on site ranks among the top 1% of global universities (along with Stellenbosch University) in The Times Higher Education World University Rankings.
“Cost-wise, it is 30% to 40% more expensive than sending kids to a South African university but half the cost of studying in Australia or the UK. Parents may budget for about R250,000 to R300,000 a year per student, including accommodation if it is rented and not owned,” says Hudson.
In total, you’ll find the following facilities and amenities within close access to the residential properties:
- 26 schools ranging from nursery to tertiary education, including the Curtin Australian University which is within walking distance of residential properties
- 13 medical and paramedical centres, including a private hospital
- A sports and wellness institute
- A multisport club
- 3 commercial and leisure centres, including Bagatelle Mall, the island’s biggest shopping venue
- 1,500 retailers and companies established
- 35% of the Moka Smart City is made up of green and common spaces
- 4 access roads, including 2 motorways
The living is easy
Fittingly for a city that’s been designed to balance work and play, there’s always something interesting to do at Moka. From a morning jog in the tranquil surroundings, a trail run or bike ride in the Moka mountains, a gym session or a training swim. Followed by cappuccino and sweet crepes on the terrace at Moka’s restaurant. Whether the day is filled with work or play, there is an array of evening activities including organised night trail runs, club sports, the open-air theatre, entertainment at the Bagatelle Mall such as cinemas and tenpin bowling, as well as a huge choice of bars and restaurants serving the best of international and local Mauritian cuisines.
Moka Smart City has an eco-efficient approach to sustainability through waste management, recycling, energy-efficient building design and renewable energy. Almost a third of the total land area is set aside for green zones, public parks and spaces, including an open-air amphitheatre.
Moka’s central location has made it a key driver for business development – just 15 minutes inland of Port Louis, boasting excellent infrastructure, high-tech connectivity and ample parking, the city commands 70% of the island’s purchasing power with 40% of the working population living within 10km of the city. Naturally its beautiful new residential component Les Promenades d’Helvétia makes it even more attractive as a business destination allowing residents a pleasant walk to and from work.
The city has three business centres called Vivéa Business Park, Gardens of Bagatelle and Telfair Square (Moka CBD) and has experienced substantial business growth over the past decade, with rental yields on offices being 9.5%. Moka Smart City is already the chosen business location by many leading companies such as ARUP, McDonalds, Bluefrog, Alteo, Air France, Etihad, KLM, PwC and likes.
The commercial and office opportunities in the Moka Smart City range from sub-development opportunities for developers seeking projects in a high growth node, to rental and property purchases to accommodate your small consulting business right through to housing your company’s regional head office.