Green Tree Investment, a subsidiary IDC, opened the doors to its newly constructed luxurious apartments for viewing on Saturday.
Constructed by Green Island Construction as part of the Perseverance Point Condominiums project, the apartment bloc consists of 19 units which are available for purchase on the open market.
Located adjacent to the condominiums recently built for graduates and young professionals, the modern ocean front residences are being sold on a free-hold, first come first served basis.
The bloc’s one one-bedroom studio is going for R1.8 million, its two one-bedroom units are priced from R3.6 million to R3.8 million and its four two-bedroom units are priced from R4 million to R4.3 million.
The prices for the remaining 12 three-bedroom units are set between R5.1 million to R5.5 million.
All units include built-in wardrobes, bathroom vanities, kitchen cabinets and have some appliances already installed but buyers will have the option to purchase the luxury units fully furnished, at an additional cost.
Unlike the condominiums available to graduates and professionals who must be first-time home buyers, the luxury apartments are targeted towards anyone who can afford them, Seychellois and non-Seychellois.
The luxury apartments were conceptualised and constructed to subsidise the condominiums for graduates and professional first-time home buyers.
These condominiums are being provided at much lower costs compared to the luxury apartments, with a two-bedroom unit priced at R1.2 million and a three-bedroom unit at R1.5 million, which is not the real costs of these apartments.

IDC welcomes Mr. Denis Matatiken as the newest member of the Board of Directors. Mr. Matatiken is currently the Special Advisor to the Minister for Environment, Energy and Climate Change.
He replaces Mr. Alain de Commarmond who has served on the IDC Board for the past 3 years. IDC thanks Mr. de Commarmond for the invaluable contribution made to the advancement of the company. 
The composition of the new IDC board is as follows:
Mr. Patrick Berlouis (Chairman)
Mr. Glenny Savy - CEO (ex-officio)
Mr. Christian Lionnet - Deputy CEO (ex-officio)
Mrs. Sherin Francis (Director)
Ms. Angelique Antat (Director)
Mrs. Angele Lebon (Director)
Mr. Patrick Lablache (Director)
Mr. Willy Confait (Director)
Mr. Denis Matatiken (Director)
The new Board has been appointed for a period of 3 years effective from 15th February 2020.