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BACK TO PRESS Dec 17, 2017

Serenia Residences Talpe Galle readies for launch

Serenia’s mixed development project

Serenia Limited, a premium beachfront resort living mixed development company has engaged A-design studio; to bring their distinctive design elements to the iconic 47 apartment beachfront residential development and 10-roomed five-star boutique hotel - Serenia Residences Talpe Galle – with sales due to commence shortly, a press release stated.

Serenia Residences will be a private beachfront mixed development project in Talpe, Galle comprises beach villas ranging from US$1-US$5 million, 10 minutes away from the Galle highway exit, passing Unawatuna.

The 47 residences, which are the largest apartments in their class will be launched at a starting price from just over $300,000. Talpe Beach is currently the most expensive beachfront real estate in the country. Construction of Serenia Residences is expected to commence in April 2018 and is scheduled for completion in December 2019.The development is on 180 perches (4,550 sqm) of land owned by Serenia Limited with approximately 100 metres of private beach frontage consisting of two towers of Ground+ 9 and Ground+8 tower.

Ground level Garden Villas offer private pools, courtyards and direct beach access. The rooftop terraces of the 2-Levels Custom Sky Penthouses will be equipped with a private infinity pool with sweeping views of the Indian Ocean and Galle. European kitchens, lighting, wood and tile flooring, fittings and fixtures will be utilized for the entire project. Furniture packages will be offered to all clients including those who wish to rent their apartments after handover.

According to Serenia Limited Executive Director, Dilshan Kodituwakku, the site's positioning in the 'Million-dollar golden mile' represents a unique development opportunity in the South of Sri Lanka and is the only apartment residence so far, that provides private beach living, where residents can step out directly on to the beach and then the ocean. Resort living is our primary proposition, creating a home where every detail is taken care of, with 24-hour services that include valet parking, housekeeping, room service, maintenance and security. We take care of all of the above, leaving you, to truly enjoy your stay", the release added.

"Sri Lankans and foreigners may own their investment as a freehold title. The Sales & Purchase Agreement can be signed when deposits of 15% are paid and registration at the land registry immediately thereafter. All monies will be obtained on escrow basis and will be linked to construction. Our banking partner Nations Trust Bank PLC, will offer approved clients a bank loan of up to 70%.

Whether you are a first-time southern coast beachfront owner or an investor, you may rent back the apartment when not using it, which will provide you with a minimum 40% return of the daily revenue, unlike time share methods we do not have strict occupation time periods or black out periods, you are free to live here as long as you wish", Kodituwakku added.

Interest is expected from owner-occupiers including local/expatriate professional singles, couples and families, along with empty nesters downsizing from Colombo and also wealthy expatriates who have an affiliation with Galle, Sri Lanka, the release concluded.