📈 Sri Lanka's Luxury Property Boom Continues! 🏝️

Kristall Spaces Lanka, an Austrian associate, has unveiled All-Suite Resort Talpe Heights, a 56-unit luxury oceanfront apartment project on Sri Lanka’s "Golden Mile" (between Unawatuna and Talpe). • Project Details: • BOI-approved development with 56 fully furnished 1-, 2-, and 3-bedroom freehold ocean-view apartments. • Prices start from Rs. 50 million for a one-bedroom unit with parking. • Amenities include a private roof garden with a 25m sky pool, a landscaped garden pool with an Italian bistro, and an in-house spa. • Investment Appeal: • Addresses surging demand for high-end serviced residences, driven by a 16.7% YoY increase in tourism arrivals. • Projects combined annual returns of 13–20% (capital appreciation & rental yield). • Investment structure facilitates eligibility for Sri Lanka’s ‘Golden Paradise’ long-term residence visas. • Managed by Austrian associate All-Suite Resorts, ensuring European operational standards. • Developer's Vision: • Kristall Spaces, with 25 years of experience in European hospitality, sees strong, data-backed demand in Sri Lanka. • This is their second development, with a third in planning, aiming for a sustained, multi-project presence. • Plans to develop and operate a pipeline of 5,000 beds to support national tourism objectives. • Entry strategy informed by 18 months of local market observation, identifying demand for quality residential and hospitality investments.