Serenia Residences, stands out as a multi-purpose apartment complex and resort because it offers an investment and holiday home for luxury resident seekers according to Serenia Limited Co-Founder/ Executive Director of Strategic Design and Marketing, Sabina Karunanayake.
Launched in March this year, Serenia Residences occupies a 180-perch block of land in one of the exclusive beach front locations in Talpe in the Southern coast known as the country’s ‘Golden Mile’.
Work on the project is expected to commence next month and be completed by end 2019. The cost is estimated at Rs. 2 billion.
“Fourteen of the 47 apartments have already been sold out and of that 40 % have been purchased by foreigners”, Karunanayake said. The residences are located between the Galle Fort and Unawatuna, one and half hours drive from Colombo on the highway and then 10 minutes from the exit.
A 100 % Sri Lankan owned company, Serenia Limited offers holiday makers not only an unmatched experience but also an opportunity to make a return on a lucrative investment by renting out the apartment or part of it.
The Residences also offers freehold titles for Sri Lankans as well as foreigners with an eight to 11 % USD return per annum. Serenia has no strict occupation time periods or blackout periods. The other unique aspect of the residences is that it offers a lifestyle of a residence and hotel in the same apartment.
“Serenia Residences is not a stereotyped beachfront apartment, but a mixed-use, resort style, fully-serviced residential project which caters to a discerning few who yearn for resort living which is luxurious,” Karunanayake said.