Serenia Residences brings foreign investors to Sri Lanka | Sunday Observer

Serenia Residences brings foreign investors to Sri Lanka

Serenia Residences owners. From left:   Rob Lau, Executive Director, Serenia Limited, Sabina Karunanayake and Warwick Jenkin during their recent site visit.
Serenia Residences owners. From left: Rob Lau, Executive Director, Serenia Limited, Sabina Karunanayake and Warwick Jenkin during their recent site visit.

Serenia Residences, the luxury development of 47 fully serviced residences on the ‘Million Dollar Golden Mile’ in Talpe, Galle continues to attract foreign buyers who seek a return on their investment.

A Serenia apartment owner, Rob Lau said, “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. Work on the building is on track.”

Another owner, Wawrick Jenkin said, “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.”

Ms. Karunanayake said, “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”.

“It’s a beautiful location where individuals, couples and families find spacious residences at per-square-foot prices that are nearly half those of Bali or Thailand,” she said.

Clients who have purchased at Serenia are 65% foreign and 35% local ultra high net worth individuals who believes 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. “ Hence we offer the perfect platform to trade and earn in dollars”.

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