Serenia continues to attract discerning clientele

Serenia Residences, the luxury development of 47 fully serviced residences located on the ‘Million Dollar Golden Mile’ in Talpe, Galle continues to attract demanding buyers seeking the south coast beachside lifestyle with luxury and convenience.

Galle, Sri Lanka - March 22, 2019 /MarketersMedia/ —

Serenia Residences, the luxury development of 47 fully serviced residences located on the ‘Million Dollar Golden Mile’ in Talpe, Galle continues to attract demanding buyers seeking the south coast beachside lifestyle with luxury and convenience.

Director of Dilmah Tea and Managing Director of Resplendent Ceylon, Malik Fernando, sees great value with his recent purchase at Serenia Residences.

Dilmah Tea; a global leader in tea is a family-run Sri Lankan tea company founded by Merrill J Fernando. The company is well respected for its philanthropy; funding humanitarian and environmental projects in Sri Lanka. Resplendent Ceylon, the leisure arm of Dilmah Tea, has created a collection of small luxury resorts that offer a unique trail across Sri Lanka offering the upscale traveller a range of experiences linked to Sri Lanka’s history, culture and nature. Cape Weligama, Wild Coast Tented Lodge & Ceylon Tea Trails belong to the Resplendent portfolio.

Commenting on his purchase, Malik Fernando added; “I am delighted to invest in a residence at Serenia. The location is perfect, just 10 minutes from the Galle highway exit; the beachfront property in Talpe is as good as it gets. Rates starting at US$250 per sqft makes for a good investment. I was glad to note the developer’s attention to detail so am confident a quality product will emerge. The contractor is Access Projects who built Cape Weligama and should do a good job, adding their experience of developing by the ocean. Saving the upcoming 15% VAT was a bonus, translating to quick capital gains after the 1stof April. I look forward to enjoying Serenia when the apartment is ready at the end of the year”.

Once completed; Serenia Residences will consist of 47 fully serviced residences located on the ‘Million Dollar Golden Mile’ in Talpe Galle, only 8 km from the Galle Fort. Complete with designer Camagni Italian kitchens with built-in Electrolux appliances, 10-ft-height floor-to-ceiling double glazed windows, Bohemian hand-blown crystal chandeliers, Hansgrohe and Duravit bathroom fittings, Italian homogeneous tiles, outdoor yoga studio, an outdoor cinema, kid’s play area with day care, carwash facilities, an oceanfront deck and spacious private cabanas, heated jacuzzies, beach concierge services, 24-hour attended lobby, 24-hour valet parking services, and many other facilities and amenities.

Prices start from $ 320,000 for a 1,307sqft 2 bed, US$506,000 for a 1,827sqft 3 bed and US$1,165,000 for a 4,480 Sqft 3 bed Penthouse.

“Customers who invested at the launch of the project are already enjoying 25%-30% capital appreciation on current price 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 plus the 15% saving from the VAT, which will account for approximately a 50% increase in USD capital appreciation. Due to the unique concept and location of the project combined with a limited number of units available the prices are increasing every 3-4 months by 15%. As an owner of one of the residences, you will have the unique opportunity to place your luxury residence in Rental Management Program which offers a rental return of 7-10% USD return per year. Clients who have purchased at Serenia are 65% foreign and 35% local HNWIs; and they strongly believe in Sri Lanka’s south coast as they confidently add Serenia Residences to their investment portfolio, making it a product that will always be traded in US$s. Due to the managed rental program clients will earn in US$s as well mitigating any local currency volatility, we offer the perfect platform to trade & earn in dollars” added Dilshan Kodituwakku, Executive Director Serenia Limited.

Set to develop and strengthen the Sri Lanka's ultra luxury holiday home sector, Serenia is focusing on a specific message this year "Own your place in paradise".

Find out more or call 0770 380 280.

Contact Info:
Name: Serenia Residences
Email: Send Email
Organization: Serenia Residences
Phone: +94770380280

Source URL:

Source: MarketersMedia

Release ID: 494561

More Press Releases

Stocks edge higher; S&P 500 heads for another week of gains

Sep 23, 2019

NEW YORK — U.S. stocks edged higher in early trading on Friday as most sectors of the market posted small gains. The S&P 500 rose 0.3% to 3,014 and is within 12 points of all-time high. The index is headed for a fourth straight weekly gain, even after some volatility during the week caused by volatile oil prices and the Federal Reserve's latest interest rate cut. Health care and technology stocks are leading the gains. Big pharmaceutical companies, including Pfizer and Merck were among the biggest winners. Tech giant Apple also made solid gains. Bank stocks rose as bond yields...

Japan central bank stands pat after Fed rate cut

Sep 23, 2019

TOKYO — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been affected by the slowdown in overseas markets. The China-U.S. tariff war has pummeled Japan's exports. But the BOJ said strong corporate profits were supporting business investment. The Federal Reserve reduced its key short-term rate — which influences many consumer and business loans — by a quarter-point to a range of 1.75%-2% on Wednesday....

Oil price drops on hopes for quick recovery of Saudi output

Sep 23, 2019

LONDON — The price of oil is falling back further after the Saudi government said half of production that was knocked out by an attack over the weekend had already had been restored. Benchmark U.S. crude was down 42 cents to $58.92 per barrel in electronic trading Wednesday. The contract fell $3.56 on Tuesday. Brent crude, the international benchmark, fell 27 cents to $64.28 per barrel in London, having dropped $4.47 the previous session. The attack on oil producer Saudi Aramco's processing facility in Abqaiq saw crude surge more than 14% on Monday, about as much as it did when...

Stocks mixed, oil down as markets await news on Saudi plant

Sep 23, 2019

BANGKOK — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its recent political turmoil. Germany's DAX lost 0.2% to 12,362 after the ZEW index showed a drop in investor confidence in current economic conditions, pointing to the possibility of a brief recession, but sees a pick-up later in the year. The CAC 40 in Paris added 0.1% to 5,607 and the FTSE...

Markets Right Now: Stocks fall as oil prices spike

Sep 23, 2019

NEW YORK — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower Monday as a spike in oil prices raises fresh worries about the strength of the global economy. The U.S. and international benchmarks for crude oil each rose more than 14% after a weekend attack on oil facilities in Saudi Arabia. Shares of oil producers jumped, with Marathon Oil gaining 11.5%. Companies in fuel-dependent industries fell. American Airlines dropped 7.3% and Carnival Corp. slipped 3.2%. The Dow Jones industrials fell 142 points, or 0.5%, to 27,076, breaking an eight-day win streak. The...

Subscribe to our newsletter!

Your Name

Your Email Address