Author: Global Housing
Top areas in Sri Lanka to invest in a holiday getaway home
Sri Lanka is identified as one of the top destinations for expats to invest in vacation homes. Possibility to find some of the best affordable real estate in Sri Lanka is another major reason for investors to consider investing in Holiday Apartments in Sri Lanka. Today the market is so dynamic and attractive that we see a tendency of Asians from neighboring countries like India, Pakistan opt to buy a second home or a vacation home on this paradise island.
Already being recognized as the #1 Hotel Residency Developer in Sri Lanka at Global Housing and Real Estate (pvt) LTD we have identified some prime locations that are suitable and potential market holiday homes in Sri Lanka.
Mainly the most common and popular is the southern coastal area which houses some beautiful beaches and coastal views. Then we have the central hills also known as the hill country that accounts for some scenic landscapes of lush greenery and mountain ranges. Finally, the aforesaid being two extremes of preferences there are also other areas in the island that offer beautiful getaways that are ideal for holiday homes.
To make it easier for you to narrow down the locations to fit the liking here is a brief list of locations and what they offer.
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Reasons why the Tourists love the Sigiriya Lion’s Rock
Sri Lanka was identified for its natural resources, astounding irrigational and engineering capabilities, strategic location and importantly hospitality since ancient times. Sigiriya Lion’s Rock in Sri Lanka is one of the most fascinating places (also a UNESCO declared heritage site) that is considered as the 8th wonder of the world resulting it to be a tourist hot spot.
“Sigiriya” is in the central hills of Sri Lanka surrounded by mountain ranges and vast landscapes of greenery. The Sigiriya rock is located predominantly surrounded by thick jungles. At eyesight this might not make sense as the surrounding looks pretty simple and plain. However, the cherry on top of the climb is once you climb to the top.
Once you reach the top you will see a vast area of thick forest spreading across landscapes predominantly with flat land and a couple of significant mountain ranges in the vicinity. Climbing Sigiriya is not a difficult task and hopefully the following Sigiriya Rock Fortress Guide will help you enjoy this world wonder.
As a result of this historical monument today Sigiriya is one of most popular tourist destinations. The area has been seeing some recent developments as “the Kingdom – Sigiriya”. We at Global Housing and Real Estate (Pvt) LTD have ensured to preserve nature, heritage while tactfully building modern, luxury living creating a difference in the real estate market for hotel residencies in Sri Lanka.
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Here’s why you won’t regret investing in Sri Lankan real estate
Real Estate in Sri Lanka is currently a trending topic and the one of the few markets that is depicting signs of a growing trajectory. Real estate and property development is likely to be a flourishing market in the future and here is why we think that an investment in Sri Lankan real estate is not a bad idea.
Being known as a developing nation the country houses some of the top real estate companies in Sri Lanka and the quality of the projects that are in place makes it a reasonable decision to invest. Especially factoring in the return on investment as the market continues to grow.
We at Global Housing and Real Estate (pvt) LTD has been the #1 Hotel Residency Developer in Sri Lanka and we have been in business for almost two decades providing some quality projects across the country and we are recognized to provide some best real estate Investment opportunities in Sri Lanka.
If you are a seasonal investor or a fresh investor inquiring for information, seeking for the potential investment opportunities in the country we are here to guide you and to help you find the best suitable property for your liking.
The country despite being a small island has a lot of new developments and projects that will overtime be a focal point in the real estate landscape in the country. One of the key projects in place that has made it more attractive for investors to consider Sri Lanka is the “Port city project” that is projected to attract local and internal elite investors. Simultaneously the country is also focused on infrastructure development such as highways, road development that creates a positive outlook for the global economy encouraging investors to consider Sri Lanka as a potential real estate market.
In summary the most legit reasons for you as an investor to consider Sri Lanka are.
01 Strategic importance
- The country is in a Major shipping route that connects South Asia, Far East and the Pacific with Europe and America
- Is near emerging Southeast Asian economies and Middle Eastern countries
- Has a Strong air connectivity and is a major tourism hotspot.
- Is a Part of the One Belt, One Road initiative.
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Things you can do in Negombo beach
“Negombo ” is an underrated coastal destination in Sri Lanka which holds a great significance and attracts many tourists. Located in the western coast of the island it is only 10-15 min away from the Bandaranaike international airport is the perfect place to start a relaxed vacation.
Picture the sunny beaches and the amazing hospitality that this tiny island offers. The beauty of Negombo is that it is located on the shores of the Negombo lagoon which had been a significant trading port to both the Portuguese and the Dutch. The scenic western coast beach is just a short drive from the metropolitan city; Colombo and is often the ideal retreat for busy locals and travelers looking for a quick escape of calm and quiet away from the hustle and bustle.
Being not too far away from Colombo the things to do in Negombo Beach are seemingly less at a glance. However, the experience and the unique activities that take place in Negombo Beach is what makes this coastal area all the more beautiful and a must try.
Some of the famous activities in Negombo Beach are.
Finally, no destination is complete with accommodation and at Global Housing and Real Estate (pvt) LTD we have identified the destination as a potential market with growth in the real estate sector and our upcoming development project Ocean Breeze – Negombo is the perfect example of Holiday Residencies in Sri Lanka.
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ගංගාරාම විහාරස්ථානයේ රන්වැට නිරාවරණය කිරීම
ග්ලෝබල් සමූහ ව්යාපාරයේ අධිපති දසුන් වික්රමරත්න මැතිතුමා සහ එම මැතිණියගේ මූල්ය දායකත්වය සහ සමාගමේ කාර්ය මණ්ඩලයේ සහභාගිත්වයෙන් හුණුපිටිය ගංගාරාම විහාරස්ථානයේ බෝධීන් වහන්සේ වටා ඉදිකරන ලද රන්වැට වර්ෂ 2022-02-16 දිනට යෙදී තිබූ නවමි පුර පසළොස්වක පොහොය දිනදී විහාරාධිපති ප්රමුඛ ගරුතර මහා සංඝරත්නයේ ප්රධානත්වයෙන් අතිගරු ජනාධිපති ගෝඨාභය රාජපක්ෂ මහතා විසින් නිරාවරණය කර පූජා කරනූ ලදි. පිං කැමති සැම මෙම පුන්යකර්මය දැක බලා සතුටු සිතින් අනුමෝදන් වෙත්වා
Post Covid effect on the Sri Lankan property market: What to expect
Post Covid effect on the Sri Lankan property market: What to expect
Real Estate and construction are a breadwinner in the Sri Lankan economy and has a massive supply chain connecting small to medium enterprises in Sri Lanka and is a key industry that creates a number of job opportunities. As a result of the restrictions imposed to contain / minimize the health impact from Covid19 the industry had to take a toll as the safety precautions imposed came at a great expense of property developments coming to halt, unemployment in the industry skyrocketing. The effect of Covid for Sri Lankan Real Estate has been a hot topic in the Real Estate News in Sri Lanka as there had been continuous unprecedented challenges causing severe disruptions both socially and economically.
At Global Housing and Real Estate (pvt) LTD the past two years has been a rollercoaster journey and something we haven’t experienced or anticipated being in business for almost two decades. As per our market analysis experts the extent of the impact and the progress to recovery will all depend on how the virus progresses and currently this is the most crucial and uncertain factor in the equation thus, the uncertainty remains on the trajectory of recovery in economic activity.
Even though the real estate is identified as one of the Best Investments in Sri Lanka currently it is anticipated that there will be potential delays in all investment activities in the months to come. Predominantly owing to the constant fluctuations and uncertainty in the market. As a ripple effect of the lock-down and limitations in financing there is an evident slowdown in the developments, constructions, and the engineering sector.
We are constantly evaluating options on how our activities can resume to gradually return to a new normal where health and safety of the workforces will be a priority. However, ease in restrictions might not be the only factor holding the industry back as we rely on countries such as China, India for raw materials.
Therefore, post pandemic recovery for the real estate and development market requires a lot of planning, anticipation and will depend on local and global covid impacts. The constant fluctuations and uncertainty is likely to impact on our prevailing cost structures, limited manpower and constant changes to our development timelines.
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Nuwara Eliya has become a paradise for motorsport enthusiasts
Development projects of Luxury Hotel Residencies in Sri Lanka has been a hot topic in the recent past and the real estate market shows a growth trajectory in the years to come. Oftentimes these projects were only planned for in and around Colombo.
However, as the real estate landscape has been taking a different turn today we see a shift in development projects of Traditional apartments, Luxury Hotel Residencies or mixed developments already in place in suburbs and cities away from Colombo such as Sigirya, Nuwara Eliya etc.
At Global Housing and Real Estate (pvt) LTD we are the #1 hotel residency developer in Sri Lanka for the mere fact that we ensure to do our homework on the location to ensure a return on investment for us and our investors.
During our research on the hill country Nuwara Eliya was identified as one of the most successful locations for the multitude of activities happening in and around this small town in the hills. It is today a paradise for motorsport enthusiasts and there are so many motorsports events taking place throughout the year attracting many tourists, motorsports enthusiasts.
Some of the famous events that take place in the hills are 4 x 4 race in Nuwara Eliya, Nuwara Eliya Mud Challenge, Diyatalawa foxhill supercross , Nuwara Eliya road race etc.
The Motorsports / Racing industry in Sri Lanka attracts a very specific audience and this includes some elite families in the country, foreign travelers and the youth that travels from across the country. Since the events are at minimum 2-3 days long the spectators definitely require good accommodation, and this is one of the key reasons that Grand Residencies – Nuwara Eliya made sense to us and why it makes sense for you as a potential investment.
At a glance Nuwara Eliya is all about the good weather, gardens, waterfalls and a multitude of picturesque landscapes and a variety of farms. However, a closer look at this tiny city and you will be surprised by the number of activities that take place throughout the year.
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Ocean Breeze Hotel Residencies Hikka a gilt edged investment
Chairman, Global Housing and Real Estate [Pvt] Ltd., Dasun Wickramarathna, introduced his latest development, Ocean Breeze Hotel Residencies Hikka, a Rs. 6.5 Billion project, to an elite audience at the Victorian Room, Kingsbury recently.
Global Housing & Real Estate [Pvt] Ltd is a company that engages in condominium and real estate development activities in Sri Lanka and is a fully owned subsidiary of Global Leasing Limited (GLL) under the Global Group of Companies. The Company was incorporated in 2003 and at present counts for over 18 years’ experience in construction and real estate condominium development.
“This our latest project is a guaranteed, risk free, gilt edged investment and will be funded by our Group with private partnership and banking finance which is strategically segregated in various stages of the development to mitigate the risks involved, while our bankers are Bank of Ceylon, Sampath Bank , National Development Bank, Hatton National Bank and Commercial Bank”, said Chairman Wickramarathna, speaking at the launch.
“We hope to have the ground breaking ceremony in March this year, with project completion in 36 months. Strategically located with beach frontage in Hikkaduwa, Sri Lanka’s most happening coastal area, Ocean Breeze Hotel Residencies – Hikka is set to become a hotspot for the adventurous and free-spirited socialiser and business person who can easily cruse in from the highway for a weekend or longer, thanks to its convenient location close to the highway,” he also said.
A 70-metre beach front development, lined with cool cafes, refined restaurants, a chilled-out beach club, up market boutiques and a spa, it is in close proximity to all beach activities such as snorkeling, fun boards, jet ski and a turtle hatchery, while whale watching is just a mere 15 minutes by boat. This breath-taking integrated resort will define tourism and hospitality in the area and is geared to earn a minimum 30% to 40% capital gain. The project will also generate around 400 direct and indirect job opportunities in and around the area.
“Global Housing & Real Estate (Pvt) Ltd. has grown in stature over the years to become a force, having venturing into various categories and segments of the property development industry and we continuously strive ahead of our competitors in delivering products which are innovative and which add value for all our stakeholders.
Whether you are a seasoned investor or a first time buyer, we at Global Housing & Real Estate take time to understand exactly what your particular needs are and offer you the best solution, along with a wide range of products which are in our portfolio, whether it’s a traditional apartment, hotel residency or mixed development, with higher long term returns which are guaranteed to exceed your expectations. We have earned the trust and confidence of our clientele and are poised to take our place as a trusted name in the property development sector as well as the undoubted No1 Hotel Residency Developer in Sri Lanka,” he noted.
All construction is carried out by the construction arm of the group, MET Developers Holdings [Pvt] Ltd.
At present the Company has diversified its product portfolio with hotel residency developments in Negombo, Sigiriya and Nuwara Eliya, in addition to traditional condominium developments.
Ocean Breeze Hotel Residencies Hikka comprises 236 luxurious apartments, elegantly designed to blend and harmonise with the natural surroundings, as well as the surrounding cultural and traditional aspects, and is built according to stringent quality standards, and fitted with modern amenities to cater to even the most discerning client.
Ranging from 400 sqft Studio Units to 1721 sqft three bedroom Duplex Dual Key apartments over 22 floors, the apartments cater to all your needs and gives one an affordable hotel experience coupled with the advantage of owning a superior property on the famous Hikka beach. Prices range from Rs.13.5M to Rs.100M plus, with attractive interest free repayment schemes facilitated by leading banks in the country to be paid in 36 months.
“Investors could enjoy value added services of generating long term revenue generation by renting, as we offer management of property, thus making it a hassle free investment,” he also noted.
Designed by Anushka Dassanayake, who is the project architect, investors could avail themselves of an apartment by merely paying a reservation fee of Rs. 500,000/- and a 10% down payment.
ETM Leisure Ltd, a fully owned subsidiary of Global Leasing Ltd has been set up to manage the property and generate revenue on the longer run, making it a hassle free one stop shop for investment.
With regards to training, Chairman Wickramarathna said, “I believe in the long term retention of employees, hence we recruit them young and train them on the job to gain experience and exposure under our skilled senior staff”.
Global Housing and Real Estate [Pvt] Ltd caters to the style-conscious traveler in some of the most sought-after destinations in Sri Lanka whilst generating revenue and value for its investors and owners. “We also intend expanding to Ella and Trincomalee as with the development of the highway network, it makes it worthwhile to interconnect all our properties which are within minutes of the highways”.
Ocean Breeze residencies in Negombo and The Kingdom in Sigiriya too will commence commercial operations this year.
“Despite Covid, the Global Group has confidence in the country’s economy and it’s resilience and we will continue our focus on the country ’s development,” said Mr. Wickramarathna.
Board of directors: M. D. D. P. Wickramarathna – Chairman/ Managing Director, Mrs. Wickramarathna – Director.
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Top things to do in Sigiriya
Sigiriya is an iconic destination in Sri Lanka that has been visited by thousands and thousands of locals and tourists to-date remains an architectural marvel, which is often considered to be the 8th wonder of the world. “Sigiriya Rock” is a landmark that boasts the irrigational, engineering and the remarkable architectural capacity of our ancestors.
Climbing the Sigiriya rock is a must do if you are planning a trip to Sigiriya. However, if you are seeking for more information about the surroundings, activities and some of the things to do in Sigiriya, here is a simple guide that will help you plan the trip better.
These are some of the top things one can do in Sigiriya.
When looking at the accommodation options, there are tons of hotels, hostels, resorts and apartments available in and around Sigiriya depending on your requirements. Team at Global Housing and Real Estate (Pvt) Ltd understands the requirements of the visitors and carefully curated our latest project “The Kingdom”. It is one of the largest real estate projects in place that is designed purely for leisure as a means of escape from the chaos; perfect for those who seeking a Luxury Hotel Residency in Sri Lanka. We recommend you give “The Kingdom” a chance and you will be mesmerized.