Sale of Persévérance condominium units to start this week

Sale of Persévérance condominium units to start this week

03-August-2016

First time home buyers among young Seychellois graduates and professionals who have applied for a house in the Persévérance Point Condominiums Project will soon see their dream realised now that the start of sale for the two and three-bedroom units will be launched this Saturday.
Veronique Herminie, deputy chief executive of the Green Island Construction Company (GICC) which is carrying out the project, has said the project is being undertaken in phases and new blocks will be built as and when buyers for the units have been confirmed.
“We have received thus far over 25 interested applicants,” she said.
She explained that sales will be on a first-come first-serve basis and a discount on the sales price of 3.5% will be offered to those who pay the full sales price upfront.
The units are being sold even during construction phase with signed offers and agreements but the transfer of a unit shall be done once the unit is completed under the Condominium Act.
The contact person is Vivianne Dubel, the client services manager at GICC on condo@gicc.sc or Serge Pompey at the Ministry of Land Use and Housing (MLUH) on spompey@mluh.gov.sc.
All applications from graduates and young professionals have to be endorsed by MLUH under their graduate housing scheme. Potential buyers have to complete an application form either at MLUH or at GICC.
Mrs Herminie said construction works have started on the first 10-unit block of three bedrooms for the graduates and professionals (first time buyers only), as well as a 19-unit block for the open market.
Once completed the project will comprise 100 units in total for graduates and professionals within 10 apartment blocks split in five three-bedroom blocks and five two-bedroom blocks respectively.
It will also have another three blocks of 19 luxurious apartments each being built for the open market. Each of the three luxurious apartment blocks shall contain a mix of three bedrooms, two bedrooms, one bedroom and one studio apartment at the top. They shall all be generously sized at 165m² for a three-bedroom; 130m² for a two-bedroom; 122m² for a one-bedroom; and 61m² for the studio. The three and one-bedroom units for the luxury blocks shall be split levelled with all the bedrooms on the top level.
The sales price per square metre shall be R40,000 for a three and two-bedroom and R35,000 for the one-bedroom and studio.
“All units will include the built-in wardrobes, bathroom vanities, kitchen cabinets, and will have certain appliances installed. Buyers have the option to purchase the luxury units fully furnished including bedding at an additional cost,” Mrs Hermine said.
A two-bedroom unit will amount to R1.2 million while a three-bedroom will be R1.5 million.
The foundation stone for the Perseverance Point Condominiums Project was laid on October 8, 2015 but the project encountered some delays in completing the design and development stage as well as initial procurement, so work actually started on site in May this year.
The project is being financed by Green Tree Investment Company Ltd, a subsidiary of GICC in partnership with the Ministry of Land Use and Housing (MLUH).
The site borders the lagoon between Ile Persévérance and Aurore island.
The construction period for each block is expected to be 18 months. A sample unit for each block should be available for viewing early in the second quarter of 2017.
The condominiums shall be within a gated and secured estate with proper management of the common areas through a Management Corporation set up with all the buyers and the developer.
The entire project of 13 blocks is expected to cost over R380 million including site works and infrastructure.
Picturesquely located on the northern side of Ile Persévérance e facing the lagoon bordering with Aurore Island, and less than 10 minutes’ drive from Victoria, Perseverance Point will be one of the most spacious condominium projects in Seychelles.



http://www.nation.sc/article.html?id=250462

The foundation stone for a condominium project targeting young professionals and first time home buyers was laid yesterday on a specially designated piece of land at Ile Persévérance II.


Land Use and Housing Minister Christian Lionnet and Ile Perseverance district administrator Denise Clarisse laid the foundation for the project in the presence of Vice-President Danny Faure, Designated Minister Vincent Meriton, Minister for Fisheries and Agriculture Wallace Cosgrow, Minister for Labour and Human Resource Development Idith Alexander among other guests and officials from the land use and housing ministry.
The event coincides with activities marking habitat week which this year is being celebrated here under the theme Meyer Labita Pour Tou. It was officially launched on Praslin on Monday with the official opening of two housing estates.

This is the second major condominium project after the first at Union Vale. It will consist of 154 luxury apartments of one, two and three bedrooms. From the total, 100 units will be allocated to young professionals and first time buyers while the balance will be sold to interested individuals or companies at a higher cost, meaning at a cost determined by the market situation.
The project is being carried out through a public private partnership (PPP) between the government and Green Island Construction Company (GICC), through a finance, build and manage (FBM) concept. It is being financed by the Seychelles Commercial Bank but the allocation will be based on the terms and conditions imposed by the government for the targeted beneficiaries. Government also made available land at a cost of just R1 for the project.
In remarks directed to young professionals, Minister Lionnet said the Ile Persévérance condominium project is one of many such projects the government is planning to undertake. He mentioned the Beau Vallon condominium to be completed, a piece of land at Mont Signal in the Mont Buxton district which has been earmarked and of the impending delivery of the Anse Des Genets project.
He also announced a new scheme his ministry is launching on Ile Persévérance again to address the housing needs of the country’s professionals.
2pese“The scheme which has been named ‘Self Build’ project will make available 70 parcels of land on the east coast of the island. You will develop these pieces of land according to your taste but in accordance with the development and planning guidelines,” Minister Lionnet told young professionals.
Minister Lionnet also spoke of another six parcels of land for mixed commercial developments which he described as ‘Rental Pool’ comprising about 180 units. Pension Fund has been allocated a plot to build apartments to rent while negotiation is ongoing with Sacos, another company which provides housing facilities.
A secondary school and medical centre to provide specialised care for women and children are also being planned on Ile Perseverance.
Minister Lionnet also highlighted the successes that have been achieved on the island until now, saying the government has invested about R900 million in building houses and other infrastructure such as roads, school, drainage, sewage system and bridge. He noted that this does not include reclamation, water, security and defence investment costs.
“1,020 families have benefitted and soon more will also benefit. Economic activity is also happening on the island where land has also been allocated to the private sector for commercial or industrial developments,” said Minister Lionnet.

He also had words of praise for Housing Finance Company (HFC) which was established in 2004 to make access to affordable credit easier for Seychellois to either build or renovate their homes. The Home Saving Scheme, established in 2006, is another success story where for the last five years Seychellois families have contributed R97 million towards their own homes.
Ile Perseverance II district administrator Denise Clarisse said the 154 luxury apartments to be built in her constituency will bring the government a step closer to achieving its goal of ensuring decent housing to all its citizens.
GICC chief executive Glenny Savy said the project has taken a while to develop and has encountered many challenges as they needed to get it right.
It also involved long consultations with young professionals. He said the apartments which will cost between R1 million and R1.5 million each, represent excellent value for the young professionals.
Ziggy Adam, chairperson of the Seychelles National Youth Council, had words of thanks for the government for realising such projects.
Meanwhile, in November 2013, the government began a smaller project converting an ex-social housing site at Anse Des Genets, Cascade, into a small condominium project to be allocated to young professionals predominantly from the districts of Cascade and Pointe Larue.
It comprises 14 apartments – eight two bedrooms and six three bedrooms. They are to be allocated to the tenants soon.
A tour of the project led by the principal secretary for project planning and implementation, Yves Choppy was organised yesterday afternoon. It was to see what still remains to be completed before the units are allocated to prospective tenants.
Source : Seychelles NATION

http://www.pfsr.org/national-highlights/foundation-stone-laid-for-ile-perseverance-ii-condominium-project/

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http://nation.sc/article.html?id=252011