Sri Lanka is an island country located at a tip of the Indian sub continent. The end of Sri Lanka’s 30 years conflict has opened the possibility of a new period of sustained peace and prosperity. With a land area of 65,610 square kilometers and a population of 20 million, Sri Lanka achieved highest Human Development Index in South Asia. Sri Lanka has managed to retain high growth rates (above 6% of GDP) capitalizing on its highly educated workforce and advantageous geographical location and natural resources. Infrastructure development projects launched during last decade on seaports, airports, expressways, urban development schemes have already attracted a significant amount of foreign investment in many sectors.
SRI LANKA’S ECONOMIC GROWTH
SRI LANKA’S PROPERTY MARKET
Colombo is Sri Lanka’s commercial capital of the country and Colombo sea port is one of the busiest ports in Asia. The property market in Sri Lanka has witnessed increased activity resulting in a demand over the past few years. Overall demand outlook remains positive over the long term as the country is expected to remain in a high growth trajectory for the foreseeable future. The increase impetus towards service industries in the fields of IT, financial services, hospitality and the resulting growth of those industries with global players coming into the mix would result in significant demand for top grade commercial spaces.
WHY YOU SHOULD INVEST WITH CHAHOMEDEENS
It has been observed that the construction companies maintain high profit margins due to over demand for luxury apartments and profit margin generally maintained at 40% – 45% level. Most importantly, almost all the recent condominiums and apartments projects were found oversubscribed even before the real construction process begins. As a result, there is a national importance in introducing a condominiums and apartments project dedicated for doctors in Sri Lanka. Providing a quality residential space to the doctors in Sri Lanka at a reasonable price is the main objective of this project and by this we believe that we can uplift the living standard of the doctors while increasing their moral satisfaction which ultimately result growth in overall healthcare industry of the country.
Even though, there are number of luxury and semi luxury condominiums and apartments in Colombo district, many professionals find it difficult to afford the price they offer. Within the city limit (i.e. in greater Colombo), price of a 3 bed room luxury apartment would be around LKR 60 – 70 millions. It has become a dream to own such an apartment with the current price levels unless a person inherits it. Price of the condominiums outside the city but within Colombo area would be around 30 – 45 millions depending on the quality of the product they deliver. Almost all the condominiums currently being sold are consist of luxury type services such as swimming pools, gymnasiums, inbuilt day care centers for kids, 24/7 security facilities, elevators, ample parking spaces etc.
FOR FOREIGN INVESTORS
Many foreign investors found Sri Lanka as a place for investment. Liberal economic policy of the government and blooming industries like tourism and real estate attracts foreign investors. Moreover there are Sri Lankan living abroad and Sri Lanka support groups in foreign countries who are interested in investing in the mother land. All these investors are welcome to invest with Chahomedeens and those who wish can contact administrator via email@example.com.
Chahomedeens values the transparency of the investment and the investor should provide proof of funds and source of funds at the time of negotiations.