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African Union for Housing Finance:
Investment Opportunities in Mauritius
www.investmauritius.com 12th September 2013
AGENDA
Overview of Hospitality and Property Industry in Mauritius
Sector Evolution & Main Developments
Investment Opportunities
Mauritius as a platform for Real Estate Investments
Why Mauritius
Overview: Hospitality and Property Industry
GDP (2012)
Construction Industry 6.3%
Real Estate Activities 5.5%
Number of Permits Issued (2012)
Residential 6,081
Non Residential 475
Floor Area Covered (2012, 000 m2 )
Residential 1,037
Non Residential 150.20
Employment (2012)
Construction 53,100
Real Estate Activities 900
Construction & Real
Estate Activities
54,000
FDI (2012, USD $ million)
Real Estate activities 170
Construction 60
Hotels 21
IHSIRS RES
2006New framework
RES/IRS Reviewed
2007New IRS
2002Introduced
2007RES
IHS introduced
2002 2006 2007 2008 2009 2010
Cumulative sales
IRS Sales growthTime
Anahita
Tamarina
Belle Riviere
Matala
Club Med
Villa Valriche
La Balise Marina
Domaine des Alizees
Tamarin Villas
Sunset View in paradise
Grand Baie La Croissette
Long Beach
Ritz Carlton*
Oberoi*
Grand Baie la Croissette
Bagatelle Mall of Mauritius
Sector Evolution and Major Developments
2003 2006 2009 2012
7 717
43
103
234
198212
185
241 250
20
41
93 8769 67
111
150
FDI in Hospitality/Property
FDI in Residential Projects
Foreign Direct Investment in Hospitality & Property Development
Investment Opportunities
Integrated Resort Scheme
Development of high end luxurious villas
Minimum investment amount – USD 500, 000
Real Estate Scheme
Development of luxurious villas and apartments
No minimum investment amount
Invest Hotel Scheme
Shared ownership through equity participation
Rooms or other part of the hotel can be sold to individual investors
Ownership of hotel rooms or any other part of the hotel with a fractional undivided interest in the common areas
80
169
17
NO OF UNITS SOLD (2012)
RES
IRS
IHS
Investment Opportunities
Leisure/Amusement Parks
3D and interactive animation parks
Film attraction parks
Aquarium and marine parks
Health Tourism
Medical health facilities
Luxurious wellness centres
Spa ayurvedic centres
Green Tourism
Chalet residences,
hiking, trekking, quad
biking, mountaineering
The Mauritius Marina & Waterfronts ProjectA chain of 7 marinas & 3 Waterfronts
Investment Opportunities
Mont Choisy
Caudan
Poste de Flacq
Tamarin
Souillac
Vieux Grand Port
Petite Riviere Noire
Mahebourg Waterfront
Grand Bay Waterfront
Investment Opportunities
Urban regeneration project
Mixed use private and commercial island development
Hotels catering for Asian tourists
New Areas of Development
Agro-industry
ManufacturingFinancial Services ICT
5% PIB
10% PIB
TourismProperty/
Construction
Key Sector Developments
Sugar Industry to Cane Industry
Textile manufacturing industry to a design and fashion industry
Boom in Property Development Industry
ICT/ Outsourcing/Telecommunications / Digital Capacity / Human Resources
Construction: Property Development
Financial Services
Other Investment Opportunities
Agro - Industry
Manufacturing
Financial Services
ICT/BPO
Education
Health Care
Freeport & Logistics
Financial Platform
Structuring, administration and management of real estate and property investment vehicles for the region
Property/Real Estate Funds
(REIT)Trusts
Investment Holdings
Financing of Housing Projects under VEFA
1601-3.
Vente en l'état futur
d'achèvement
Payment Mechanism
• Off-plan sales where the buyer pays the vendor as construction works progress.
• A self-financing mechanism• Regulated under Mauritian Civil Code (Article 1601)• Protects both the vendor and buyer (GFA)
• At reservation – at most 25% in escrow account• At signature of contract – 25% of amount received • At foundation stage – 35% of amount received• At roof-in-phase – 70% of amount received• At completion – 95% of amount received• At delivery – 100% of amount received
Financial Platform
Capital Raising Venue for global property investors
Internationally Recognised Exchange
Possibility for Dual listings
Political & Social Stability
Proven Jurisdiction of
Substance
Active member of COMESA &
SADC
World Class Regulations
Innovative Investment
Vehicles
Pool of quality, bilingual
Professionals
Competitive business
environment Fiscal Efficiency
Why Mauritius
Thank You