Further to the announcement made in the 2016/2017 Budget Speech, the Investment Promotion (Property Development Scheme) Regulations 2015 have been amended as follows:
(i) the maximum size limit of 50 arpents has been removed
(ii) the requirement to sell at least 25 percent of residential units to Mauritian buyers has been removed
(iii) the current maximum permissible land size for a villa has been reviewed from half an arpent (approx. 2110 m2) to 1.25 arpent (approx. 5276 m2).