Serenia Residences attracts foreign investors | Daily News

Serenia Residences attracts foreign investors

Serenia Residences  owners, Rob Lau, Executive Director Serenia  Limited Sabina Karunanayake and Warwick Jenkin during their site visit
Serenia Residences owners, Rob Lau, Executive Director Serenia Limited Sabina Karunanayake and Warwick Jenkin during their site visit

Serenia Residences, the luxury development of 47 fully serviced residences located on the ‘Million Dollar Golden Mile’ in Talpe, Galle continues to attract foreign buyers who seek the south coast beach side lifestyle, coupled with a great return on their investment.

“What a great experience it has been working with Sabina and the team from Serenia Residences - their personal dedication to the project is evident. Today we went to see the building site and the progress far exceeds our expectations. The building is being closely managed and is on track”, said Rob Lau.

It was easy to set up our “IIA” bank account as a foreigner and purchase freehold in Serenia Residences. We have no hesitation in recommending Serenia Residences to anyone looking for a well managed quality development in Talpe, Galle”, said Wawrick Jenkin, Serenia owners.

Sophisticated foreign investors are now recognizing the appeal of the Southern Coast of Sri Lanka, and are buying primary residences here, as well as seasonal homes and investment units. “They appreciate the safety and security of a freehold condominium unit and while other countries such as Bali and Thailand have historically been the ‘go to market’ for these investors, price points and lifestyle have shifted the focus of many foreign investors to Galle, due to the fact that Galle is surrounded by all major tourist attractions”.

Clients who have purchased at Serenia are 65% foreign and 35% local ultra high net worth individuals who strongly believe in the South Coast, hence their decision to invest in Serenia as it is a product that will always be traded in US$. Due to the managed rental program clients will earn in US$ as well, mitigating any local currency volatility.

 


 

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