Local and international buyers have expressed interest in seven new villas at The Loren at Pink Beach development, the selling agent said.

And Rego Sotheby’s International Realty released more details on ownership of the three-bedroom properties.

Penny MacIntyre, partner in RSIR, said: “Initial feedback from prospective local and international purchasers has been remarkable.

“The market has been awaiting newly constructed product that has a contemporary feel reflective of today’s luxury lifestyle.”

The villas, which cost $4.2 million completed and $3.8 million presale are part of The Loren’s condominium ownership programme.

Buyers get access to the hotel’s private club, with a 10 per cent discount on food and beverage services, as well as access to all hotel amenities, including the spa, fitness centre and pools.

The condominiums are designed with “lock-off” potential, so they can be subdivided into three separate units.

All three units can be placed in the hotel inventory, or owners can opt to occupy one half of a villa, with hotel guests in the other to generate income, while owners can also opt to maintain the properties as private residences.

The villas can be bought with The Loren’s furniture package or unfurnished, although properties which go into the hotel inventory are required to use the in-house furniture.

Built on the site of the former Pink Beach Club, the hotel and villas stand on the waterfront and near the Mid Ocean and Tucker’s Point golf clubs.