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BACK TO PRESS Jul 19, 2019

Serenia Residences delivers exquisite interior finishes with completion in December

Serenia Residences delivers exquisite interior finishes with completion in December

Serenia Residences, a beachfront development along the ‘Golden Mile’ in Talpe, Galle is to-date the only southern coastal development to deliver on its promise and complete its construction on schedule.

“Since the construction launch in October 2018 which was a mere nine months ago, we are only a few days away from completing the superstructure work and we are on track to complete the project as scheduled in December 2019. It is with great pride that we can lay claim to the above achievement being the only development along the Southern coast to be on track and finish a project on time,” said Serenia Ltd. Executive Director Strategic Design and Marketing Sabina Karunanayake.

Karunanayake went on to say that despite the upheavals experienced in the country during the last nine months, Serenia had forged ahead undaunted. “We are very confident of our project; it’s amazing and built on the most exclusive location, with world-class amenities and finishes and a well-judged pricing, which we knew would attract discerning buyers and investors in any circumstances. Today we can proudly say we have lived up to our promise and we have delivered.”

The developers of Serenia Residences have finalised all the interior finishes which are being imported from Europe and are of top grade quality, being among the best international brands, equivalent to none that any Sri Lankan developer has offered its clients.

The Residences have introduced an elevated level of hospitality-style living by fusing world-class architecture and design with boutique hotel amenities and services.

Spanning over 140 meters of beach front in Thalpe, Galle, only 8 km from the Galle Fort, 2 km from Unawatuna and situated directly on the main Matara-Galle Road, these 47 luxury boutique residences will mark the country’s most coveted residential offering to date.

“The interior finishing work of the project will be completed in the next five to six months by Access Projects, and are being handled by the same team who did the interior finishes of the luxury resort Cape Weligama and Anantara Kalutara,” said Access Projects Managing Director Dilshan Ferdinando.

The flooring of the Residences is Italian Gardenia Orchidea 8-12 mm thick polished tile flooring. In 1997 the Company began an important partnership with Versace, a brand that Gardenia shares many values with. Since 1961, the Ceramiche Gardenia Orchidea Group has been developing its own concept of living; a winning choice that has made the company a byword for Italian style, excellence and quality in the 100 countries where it operates.

Serenia’s kitchens are the top of the range Italian Camagni kitchens, with Quartz-stone countertops and Swedish made Electrolux built-in appliances such as fully-fitted Electrolux fridges, ovens and induction hobs, combined with handcrafted imported Italian cabinetry, Blum Austrian hinges and drawers all installed by Italians. “Camagni is proud and honoured to participate in such a prestigious project such as Serenia Residences. Quality, technology and excellence are the common points that, immediately, have created the winning entente between Camagni and Serenia Residences. The project is ambitious. Only a product that reflects the pre-eminence of true Made in Italy will live up to expectations, and that is what we are!” stated Massimo Camagni, the owner of Camagni.

The lighting features ultra-luxurious, hand-blown crystal chandeliers from world-renowned Wranovsky, of the Czech Republic. According to Josef Wranovsky, “We follow the glassmaking tradition of our ancestors dating back to the 13th century. The glass for our lighting is manufactured in the very same region as was done more than 700 years ago. We have grown into a famous crystal chandelier supplier and maker, and have become one of the most renowned crystal chandelier manufacturers and crystal chandelier companies around the world”.

The bathrooms at Serenia enjoy a back-to-wall freestanding bathtub in each master-bathroom, enormous 40x40 cm Vilery Boch (Germany) rainshowers and all other fixtures and fittings from Hansgrohe (Germany) and Duravit (Germany), making Serenia bathrooms a German masterpiece.

The aluminium glass doors have been given the highest priority, facilitating an indoor and outdoor living symbiosis and stunning ocean views which residents will savor through custom-designed 11feet-high sliding glass ‘walls’, which open to sprawling and spacious private terraces filled with uninterrupted Indian Ocean views. Saint Gobain, the French multinational corporation is supplying top notch Clear Toughened glass which is 24 mm thick, double glazed and UV and noise protected.

The anodised aluminium frames in a shade of champagne and all accessories are supplied by AluK. AluK with headquarters in Luxembourg is a global leader in the design and engineering of aluminium windows, doors and curtain walling systems.

The seven German Thyssenkrup lifts are supplied and maintained by the renowned DIMO PLC.

Karunanayake said sales of the residences are now over 70 percent. International buyers which account for 50% of the buyers hail from more than 10 countries, including Germany, Italy, Singapore, Switzerland, the Northeastern US, the United Kingdom, Canada, Australia, Hong Kong and New Zealand.

Prices range from $ 340,000 to $ 1.1 million for penthouses, or currently at an average of about $ 290 per square foot.

“Customers who invested at the launch of the project are already enjoying 25%-45% capital appreciation on current prices 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. Due to the unique concept and location of the project, combined with the limited number of units available, the prices are increasing every three to four months by 15%. As an owner of one of the residences, you will have the unique opportunity to place your luxury residence in a Rental Management Program which offers a rental return of 7-10% USD return per year.

Clients who have purchased residences at Serenia are 60% foreign and 40% local HNWIs and they strongly believe in Sri Lanka’s Southern coast as they confidently add Serenia Residences to their investment portfolio, making it a product that will always be traded in US$s. Due to the managed rental program, investors will earn 7-10% rental return per annum in US$s as well, mitigating any local currency volatility, hence you can see we offer the perfect platform to trade and earn in dollars,” added Serenia Ltd. Executive Director Dilshan Kodituwakku.