Seychelles president selling his paradise
Written by Yazeed Kamaldien
Seychelles leader, President James Michel, is currently in Cape Town to lure locals seeking an island lifestyle in his country.
Michel is attending the World Economic Forum in the city but also meeting with investors on a roadshow selling property on Eden Island. The latter is among 115 islands that make up the Seychelles.
The country off the east coast of Africa, in the Indian Ocean, has already attracted investors from 32 countries to Eden.
The Seychelles government grants resident status, but not citizenship, to any persons and their immediate family when purchasing property on its islands.
“In the case of corporate or joint ownership this applies to up to six families,” it said in a statement.
Eden Island is meanwhile described a “private residential marina development just off the coast of Mahé island in the Seychelles.”
“It is a 56-hectare reclaimed island connected to the main island of Mahé by a bridge that stretches over a 200-metre span of water. Some of the best fishing, scuba diving, sailing and snorkeling in hurricane and cyclone free waters can be found here,” said Seychelles authorities.
“Prices range from US$385,000 for a one-bedroom apartment and up to US$3-million for a six-bedroom apartment.”
Eden boasts no cars in its residential areas and 24-hour security. Just over 400 homes have been sold on the island while a hotel is currently under construction there.