INVESTMENT IN COLOMBO
Sri Lanka is seeing a growing number of real estate and property investments. With ample land released for development and multiple efforts to invigorate the market, Colombo is quickly becoming one of the most vibrant global destinations.
The outlook for Sri Lanka continues to be favourable – driven by private consumption and investment, GDP growth has been between 3% and 4% over the past 3 years. It is projected to rebound in 2018 and to continue to be about 4.5 percent in the medium term. This economic growth should, in turn, translate into improved living standards and infrastructure.
Colombo has, in recent times, become one of South Asia’s most economically robust destinations. International investments have propelled growth in the tourism sector. Colombo also benefits from the significant foreign investments made in Sri Lanka’s electricity, textiles and telecommunications industries, with China, Hong Kong, India and Singapore being the country’s largest investors in 2017.
APPRECIATION OF LAND PRICE
According to the Central Bank of Sri Lanka, the Land Price Index (LPI) for Colombo demonstrates a consistent double-digit rate of growth on a year-on-year basis. The residential LPI grew at a year-on-year basis of about 10% from end-2015 to end-2017.
WHY INVEST IN THE RESIDENCES AT ONE GALLE FACE
Sri Lanka’s growing eminence
Colombo is the heart of Sri Lanka, one of the world’s most vibrant and stunning countries. Growing in tourism popularity, Sri Lanka recorded a growth of international tourist arrivals by 3.9% between 2015 and 2016, and over 2 million total tourist arrivals.
A strategic location and freehold title
Located at the centre of Colombo with sweeping views of the Indian Ocean, the freehold development has potential value and growth that will encourage high rental demand.
Long-term advantages of an integrated development
One Galle Face combines retail, offices and five-star hospitality. Work, play, and home have never been closer – international shopping and dining outlets at One Galle Face Mall are connected to The Residences at One Galle Face, along with office space at One Galle Face Tower and world-class facilities at Shangri-La Hotel, Colombo.
Shangri-La’s world-renowned hospitality
Enjoy tranquillity and luxury at this most prestigious address, with five-star concierge services and housekeeping at your beck and call. Revel in the stunning landscape, chic interiors, and an array of world-class facilities.
Natural beauty just outside your door
Every apartment affords incredible panoramic views. Bask in the sunset over the Indian Ocean, and delight in the ocean-side urban park Galle Face Green. Feel closer than ever to nature from within your very own home.