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Eden Island Seychelles A Truly Remarkable Success Story

February 17, 2014 Destination Global No Comments Email Email

At a time of global economic uncertainty, Eden Island property development in the Seychelles is bucking the trend and showing returns on investment which are way above the average.

568609For Eden Island Property Development Company (Seychelles) Limited, the start to 2014 is proving to be a time to remember, with record sales in the month of January of over US $12m (over R120-million) and the honour of achieving three prestigious International Property Awards at a ceremony in Dubai.

“Both the sales volumes and the awards received confirm that we are offer an exceptional product,” said Peter Smith, Marketing Director for Eden Island Development Company (Seychelles) Limited. “Even with the weaker Rand, we are offering really positive returns on investment.”

568612568615The estate consists of 580 units and, with 460 sold to date, the remaining 120 units still available are expected to move fast taking into account the current levels of demand.

One of the most positive aspects has been the fact that existing owners continue to upgrade or buy second, third or more properties in the development.

568618568621“This is a really positive endorsement from the very people who have already invested,” Smith said. “In fact some 25% of the homes on Eden Island are owned by homeowners who have upgraded or bought second or more properties.

“These new sales are also increasing the number of homes being placed in our rental pool, which is good news at a time when the international holiday market is turning more to luxury self-catering villa or apartment rentals rather than traditional hotel bookings,” Smith said.

The development began as 56 hectares of reclaimed land, with the far less glamorous name of Zone 10.Renamed as Eden Island in 2005, the land which is connected to the main island of Mahe by a bridge, was sculptured into a series of idyllic inlets and private beaches and waterways. The properties themselves conform to the Creole architectural style of the area, with large verandas, high-pitched red roofs and simple lines.

“It is truly unique,” Smith said. “The central location means that residents have easy access to the Victoria CBD and variety of facilities available in the Seychelles as well as having everything they need on the estate itself.”

No wonder then, that Eden Island was so highly commended recently at the International Property Awards, Arabia and Africa 2013/4 held in Dubai. At the ceremony the development was named as the Best Development: Multiple Units in Seychelles and also Best Development Multiple Units for Africa as a whole. Eden Island also received a Highly Commended accolade in the Development Marketing category.

At the ceremony, Eden Island Property Development Company (Seychelles) Limited was congratulated for its careful attention to detail built on many years of research into geotechnical, marine, architecture and into its target markets.

The high standard of landscaping was also praised, with the organisers commenting that all the plants flourishing on the island today were grown in its very own nursery.

Eden Island is truly a remarkable success story.

Eden Island Development Company’s South African sales representative, Brian Gradner can be contacted at  + 27 (0) 21 762 2617.

More information is available on the website at www.edenisland.sc.

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