Page 15 - Kyalami issue 4 2021

Property Talk with Rob Hudson of
almost 70% of owners have owned in the estate for 8 years or longer. Like the above finding, this stat
PROPERTY NEWS The pie charts below tell us a bit more about our fellow residents in Kyalami Estates. Interestingly
Moka Smart City
highlights the propensity for people to stay, which has to talk to the quality of lifestyle experienced in
Kyalami Estates Corporate Brand Bible Design the estate. 23 Moka Smart City
PROPERTY TALK The charts also clearly illustrate which market the estate appeals to the most, being the ‘family’

3.0 Invoice Template ONE segment with two thirds of new owners between 36 - 49 years old.
WITH ROB HUDSON
What a magnificent 16 years we have spent in Kyalami Estates, having moved here when our daughter Profile of Owners in Kyalami Estates
was 2 years old and our son 1. Sunninghill had been exceptionally good to my wife and myself in our
OF RE/MAX ONE
early marriage days, but then came the need for space, freedom and privacy and we could not have
made a better choice than Kyalami Estates.

By way of short introduction and background, I have 25 years experience in the field of financial /
banking research and strategy, co-owning a company called ‘KPI Research and Strategy’, that assists 4
island. So, if you are 50 years or older, you can obtain a
n this edition of ‘Property Talk’ I thought I would move
of the top 5 banks with their market intelligence and research requirements. Coupled with this line of R
away from the local market and take a turn east, to about
10-year Residence Permit, which after three years can be
business I have 20 years experience in the property sector; locally in sales and as developer of Thorny
extend to 20 years. The pre-requisite is that a retired couple
3 000km away. With Mauritius opening its borders to
must bring into Mauritius US$18 000 a year (US$1500/e
Bush Golf Estate, as well as internationally representing the ENL Property Group of Mauritius sinc La Balise Marina
Itourists after 18 months, the travel booking systems
La Balise Marina
ZAR22k monthly) to cover one’s living expenses. This
have been abuzz and the island is expecting a much needed
2005 (our estates include Heritage Villas Valriche, La Balise Marina and Moka Smart City). When the
bumper Festive Season. From a property perspective,
gives the Mauritian authorities a level of comfort that such
opportunity arose to take on RE/MAX representation in Kyalami Estates, I didn’t hesitate. When it
Mauritius continues to attract international investors, with
INVOICE
foreign retirees will not become a burden to the State.
one can pretty much travel anywhere in the galaxy.
comes to ‘work’ my career path has undoubtedly been driven by my passion for ‘research’ and • Healthcare – the public healthcare system in Mauritius does go quite a lot higher for sea views and the likes.
some new options to retirees. The Moka Smart City
France being the biggest market, and South Africa second.
Under no circumstances can a retiree on this scheme take
In terms of connectivity with SA to visit friends, family and
developed by ENL Property is the most advanced
‘property sales’. When it comes to life my passion is family. I am now blessed to have this opportunity • is well developed, expanding and available free of • The recently introduced ‘Smart City’ schemes afford
on employment in Mauritius. But one can generate income
That’s not to say that these SA buyers are all emigrating
business interests, there are numerous daily flights.
some new options to retirees. The Moka Smart City
‘Smarty City’ on the island with existing schools,
of merging all 3 of my passions into one job. from offshore interests, companies, consulting and the • charge to residents. There are also private healthcare developed by ENL Property is the most advanced
to Mauritius, but they are certainly creating options and
Healthcare – the public healthcare system in Mauritius
Australian Curtin university, sports club, gym, pools,

choices for their future. Entity: Kyalami Estates likes. and medical aids, with pricing similar to those in SA. ‘Smarty City’ on the island with existing schools,
is well developed, expanding and available free of
retail, doctors etc.
In this publication I look forward to providing market insights and updates that are intended to be • Lifestyle – the tropical Indian Ocean climate is obviously Australian Curtin university, sports club, gym, pools,
charge to residents. There are also private healthcare
Entity VAT No: 2018/031605/07
How affordable is Mauritius
relevant and informative. In this first edition I thought it would be opportune to take a holistic view of the best known attraction. Mauritius also has much to • Because it’s located 10km inland of Port Louis, (Moka
Legislative updates have also made Mauritius a lot more
Entity Reg No:
retail, doctors etc.
and medical aids, with pricing similar to those in SA.
is to Port Louis what Sandton is to JHB), property prices
as a place to live?
how property is performing in Kyalami Estates and to also reflect on the profile of owners in the estate. • offer in terms of land-based activities with excellent • Because it’s located 10km inland of Port Louis, (Moka
accessible for international retirees and hence this article
Invoice Date: xx May 2019
Lifestyle – the tropical Indian Ocean climate is obviously
hiking, mountain biking, golf etc.
are substantially cheaper than on the coast. From
If you draw a comparison with South Africa, the cost of
focuses on this topic. Just by way of my background,
the best known attraction. Mauritius also has much to
It must be noted that I have obtained my data from a range of sources including Lightstone, Prop24 • Mauritius is also a melting pot of many different is to Port Louis what Sandton is to JHB), property prices
living in Mauritius is higher. But inflation rates have been
US$200k/ZAR3m there are 2-bedroom apartments
locally and through RE/MAX ONE, I am the Kyalami Estates
offer in terms of land-based activities with excellent
portal and “macrotrends.net”. lower in Mauritius over the past decade so the cost of cultures that have gelled into a peaceful harmony. This are substantially cheaper than on the coast. From
in a beautiful suburb with a host of amenities ‘on site’
area agent and, internationally, I have represented ENL
hiking, mountain biking, golf etc.
The 2 graphs, to the right and below Kyalami Estates Average Property Price (median price in R millions) • makes Mauritius quite unique. There is a vast array of US$200k/ZAR3m there are 2-bedroom apartments in
Bill to:
and hiking and the likes in the nearby Moka Mountains
living differential between the two countries is continually
Property in SA for the past 16 years. ENL is a 200 year old
a beautiful suburb with a host of amenities ‘on site’ and
Mauritius is also a melting pot of many different
(2km away). A variety of beaches are around a 25min
show the average R-value (in millions) diminishing. The table below reflects on some cost of culinary and cultural treasures for discovery beyond the hiking and the likes in the nearby Moka Mountains (2km
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Mauritian company and one of the island’s largest property
cultures that have gelled into a peaceful harmony. This
3,98
4
4
4
SA
3,88
3,88
living indicators sourced in 2020 from Numbeo that show
drive away. To retire, one would make use of the ‘Retiree
of properties transferred in Kyalami Cost of living inde 3,64 Mauritius 42.49 Portugal mainstream tourist attractions. away). A variety of beaches are around a 25min drive
development entities — estates include Heritage Villas
makes Mauritius quite unique. There is a vast array of
52.64
50.39
3,40x
city/ country comparative indices relative to New York City
Permit’ as previously described. Or if one raises the
Tax Invoice No: xxxxx xxxxx
Attention:xxxxx xxxxx
Valriche, La Balise Marina and Moka Smart City.
culinary and cultural treasures for discovery beyond the
Estates over the past 9 years. The good Recipient VAT No: xxxxx xxxxx 3,50 • Language – the official language of the country is away. To retire, one would make use of the ‘Retiree
3,5
excl. rent i.e. groceries
Xxxxx xxxxxxxxxxxx
(source: www.numbeo.com/cost-of-living).
English and the adult literacy rate is 92%.
budget to US$375k, one can acquire a penthouse
news is our property sales values well transport etc mainstream tourist attractions. Permit’ as previously described. Or if one raises the
3
2,98
When Mauritius first opened its doors to international PO Number: xxxxx xxxxx
Xxxxx xxxxxxxxxxxx
apartment or duplex with garden and secure the
•
Language – the official language of the country is
demonstrate a consistent growth in 3 Mauritius SA Portugal To buy or rent as retiree in Mauritius? budget to US$375k, one can acquire a penthouse
investors for acquisition of residential property in the
Mauritian Residency for as and when required.
English and the adult literacy rate is 92%.
apartment or duplex with garden and secure the
50.39
52.64 30.01
mid-2000s, the focus was on selling premium villas and Cost of living
average sales price (property value) 2,5 Cost of living index 32.80 42.49 36.31 • Property prices in Mauritius are around three times • The Moka Smart City is a very green suburb with
Mauritian Residency for as and when required.
excl. rent i.e. groceries
apartments for over US$500k. This was the minimum
over the period, with an overall plus rent index Although only 2% of existing owners are in the 18-35 year segment, which can be anticipated from an
higher than in SA and are purely a function of supply and
extensive green belts, parks, mountain views etc. It is
To Buy or rent as retiree in Mauritius?
• Although the Moka Smart City is a very green suburb
2
transport etc
threshold to obtain the Mauritius Residency. So from the
appreciation of around 35%. Kyalami Groceries index 33.88 40.20 a‰ordability perspective, its good to see that 15% of the recent buyers are in this segment.
demand (God isn’t making any more beautiful tropical
in a prime location, with 70% of Mauritian GDP being
with extensive green belts, parks, mountain views etc.,
• Property prices in Mauritius are around three times
Tax Reference: 47.89
Your Reference:
Account:
onset, the property product was pitched at the very top end
1,5
generated within 10km of the smart city. It makes Moka
islands that are accessible, safe, and underpinned by a
it is in a prime location with 70% of Mauritian GDP being
higher than in SA and are purely a function of supply and
Estates is a premium estate and ranked ie. purely groceries 32.80 30.01 36.31 Hopefully this percentage continues to grow as first and second time buyers increasingly recognise
Cost of living
of the market and, for South Africans, residency was also a
Kyalami Estates
Kyalami Estates
Kyalami Estates
diversified and stable economy).
substantially more attractive than the rest of the island
demand (God isn’t making any more beautiful tropical
by Lightstone in the top 15% of SA 1 plus rent index the benefits of owning in the estate. generated within 10km of the smart city.
key attraction. However, recognising the limiting scope of
• A 3-bedroom apartment in one of the coastal towns is •
from a rental return perspective (long term rentals as
islands that are accessible, safe, and underpinned by a
estates from a pricing perspective, yet 0,5 going to cost around US$350-700k (ZAR5-10m). This This makes Moka substantially more attractive than the
this initial approach, the progressive Mauritian government
opposed to holiday rentals). This creates the opportunity
rest of the island from a rental return perspective (long
diversified and stable economy).
with an average sales price of only R4m Groceries index 47.89 33.88 40.20 In summary, these baseline indicators reflect on an estate that has shown a consistent and
has in recent times introduced investment and retirement
to plan ahead, buy now, rent the property, benefit from
ie. purely groceries
kind of product has dominated supply and typically been
term rentals as opposed to holiday rentals). This creates
• A 3-bedroom apartment in one of the coastal towns is
options that are more accessible to a broader range of
for a typical 4 bedroom, freehold home, 0 sustainable growth trend in terms of asset appreciation. Is still a‰ordable with an average sales price
going to cost around US$350-700k (ZAR5-10m). This
its rand hedged capital growth and have the option to
what prospective foreign retirees have purchased.
the opportunity to plan ahead, buy now, rent the property,
people, albeit still high net worth.
the Estate continues to o‰er Unit Price So in summary, the cost of living excluding rent is around of R4m and is evidently an environment / community where owners are content as seen with low
kind of product has dominated supply and typically been
relocate at some time in the future.
• With the ‘retiree residency scheme’, rental is also an
benefit from its rand hedged capital growth and have the
Description:
Tax Reference:
Linear Kyalami Estate Avr Property Price (R m)
10% higher in Mauritius than in South Africa, and compares
option and typically around 20% cheaper than SA for
exceptional value for money. R000 0000 - - - Kyalami Estate Avr Property Price (R m) levels of annual churn. I am sure the vast majority of us are very pleased with making this home.
option to relocate at some time in the future.
what prospective foreign retirees have purchased.
Xxxxx xxxxxxxxx
R000 0000
Now one can obtain a ‘Residence Permit’ through acquiring closely with Portugal. Rentals are relatively affordable, • With the ‘retiree residency scheme’, rental is also an For your Kyalami Estates or Mauritius buying
a property of the same value. For a nice 2-3 bedroom
Xxxxx xxxxxxx
R000 0000
R000 00000
so if you bring that into the equation, Mauritius is pretty
a property for a minimum of US$375k plus 5% transfer The figure to the left shows the number of sales that In upcoming articles we will cover topics such as how Kyalami Estates performs relative to other
option and typically around 20% cheaper than SA for
or selling needs, please do not hesitate to
apartment, pricing starts around ZAR15k a month, but
For your Kyalami Estates or Mauritius buying or selling
much the same as SA and more affordable than Portugal.
fees (approx. ZAR5.8m). Residency is enjoyed by the
Kyalami Estates Average No. of Annual Sales happen in Kyalami Estates each year. In 2013 we had a estates, how one can self-calculate your property value and the likes. We will also look at property
a property of the same value. For a nice 2-3 bedroom
does go quite a lot higher for sea views and the likes.
contact me on 083 309 0760 or email:
needs, please do not hesitate to contact me on
purchaser and family (dependent children below the age Groceries are around 14% more expensive, but this value matters beyond the walls of Kyalami Estates such as how the property transfer process works,
apartment, pricing starts around ZAR15k a month, but
rob@remaxone.co.za.
• The recently introduced ‘Smart City’ schemes afford
is inflated by products that are still imported. Fortunately,
of 24). You can spend as much time in Mauritius as you
90 bit of an anomaly in terms of sales volumes, at almost ‘semigration’ and o‰shore markets. 083 309 0760 or email: rob@remaxone.co.za.
Sub Total: R000 000.00
82
many essentials like bread and beer are produced on the
want, start a business, travel in and out freely, your kids 70% higher than usual. This happened to coincide
80 VAT 15%: R000 000.00
island.
can go to school, and you can transfer your tax residency to when Waterfall Village and Country Estates were really One of the joys of being part of the RE/MAX One family is having
Total: R000 000.00
70 Some of the other benefits Mauritius offers retirees access to a diverse range of property & legal expertise.
Mauritius (financial emigration) etc. If the property is sold, starting to take shape, which was likely the driver of
the residency is lost.
60 56 56 this jump in sales as residents relocated to these -
include:
51
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - estates. So if you are looking to buy in Kyalami, if you want to sell, or if you
52
• It’s 20 times safer to live in Mauritius than SA and twice
Note, it is not Citizenship and therefore a passport is not es
50 45 Account Name: Kyalami Estat
42
included. For around US$400 - 700k, one can acquire very as safe as living in the US. simply have property-related questions that we may be able to assist
40
Bank: Investec
40 38 Beyond this 1 year spike, it’s consistent and
nice apartments and duplexes, but generally this budget • Should one transfer tax residency, Mauritius has a flat with, please don’t hesitate to be in touch on 083 309 0760 or
Account: xxxxxxxxxxxxxxx
personal tax rate of 15% with no capital gains tax, STC/
is shy for villas. The picture featured at the top of the next
30 Account Type: Current approximately 50 properties are traded annually in
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a
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o
c
a
m
z
.
.
x
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r
o
@
b
page is of La Balise Marina in Black River, which is the only Kyalami Estates (out of a total of 1021 properties). This r rob@remaxone.co.za
dividends tax or estate duty.
Branch Code: xxxxxx
20 • Global Connectivity - increasingly kids and grandkids
marina in Mauritius and we have four similar apartments 5% annual churn is certainly reflective of a healthy,
left for sale.
stable state of a‰airs in Kyalami Estates as it is not
10 Estate Office & Administration are basing themselves in the likes of the UK, Europe
and Oz. Mauritius has direct connectivity to these
Tel: (011) 468 3001/2 | Fax: (011) 468 1246
uncommon for this figure to be around 10% in other
0 Considering retirement, recent legislative updates have major destinations and, where not, Emirates flies an ONE
Email: info@kyalamiestates.co.za
seen Mauritius welcoming international retirees to the estates.
A380 daily between Mauritius – Dubai, and from Dubai
PO Box 50, Kyalami Estates 1684
14 Kyalami Estates • CONNECT • Issue 4 • 2021 Kyalami Estates • CONNECT • Issue 4 • 2021 13
Kyalami Estates • CONNECT • Issue 4 • 202115