Serenia Residences, a beachfront development in Talpe, Galle is to date the only Southern Coastal development to deliver on it’s promise and complete its construction on schedule.
“Since the construction launch in October 2018 which was a mere 9 months ago, we are only a few days away from completing the superstructure work and we are on track to complete the project as scheduled in December 2019. We are the only development along the Southern coast to be on track and finish a project on time,’’ said Sabina Karunanayake, Executive Director Strategic Design and Marketing, Serenia Limited.
Karunanayake went on to say that despite the upheavals experienced in the country during the last 9 months, Serenia had forged ahead undaunted. “ Today we can proudly say we have lived up to our promise and we have delivered”.
 |
| Sabina Karunanayake |
The developers of Serenia Residences have finalized all the interior finishes which are being imported from Europe and are of top grade quality, being among the best international brands, equivalent to none that any Sri Lankan developer has offered its clients.
“The interior finishing work of the project will be completed in the next 5-6 months by Access Projects, and are being handled by the same team who did the interior finishes of the luxury resort Cape Weligama and Anantara Kalutara”, said Dilshan Ferdinando, Managing Director of Access Projects.
Karunanayake said sales of the residences are now over 70 percent. International buyers which account for 50% of the buyers hail from more than 10 countries, including Germany, Italy, Singapore, Switzerland, the Northeastern U.S., the United Kingdom, Canada, Australia, Hong Kong and New Zealand.
“Customers who invested at the launch of the project are already enjoying 25%-45% capital appreciation on current prices of the similar unit. We anticipate that at the time of completion the development will give customers who buy a unit this month a 30-35% USD capital appreciation”.
Clients who have purchased residences at Serenia are 60% foreign and 40% local HNWIs and they strongly believe in Sri Lanka’s Southern coast as they confidently add Serenia Residences to their investment portfolio, making it a product that will always be traded in US$s.
“Due to the managed rental program, investors will earn 7-10% rental return per annum in US$s as well, mitigating any local currency volatility, hence you can see we offer the perfect platform to trade and earn in dollars” added Dilshan Kodituwakku, Executive Director Serenia Limited.
0 comments: