LUXURY living is being snapped up on Sri Lanka’s southern coast with the country’s first boutique beachfront apartment complex experiencing strong sales to an impressive list of buyers, just four weeks after being released.
Crystal Sands is a collection of 25 luxury apartments, located on a pristine stretch of beach, just 15 minutes from the famous Galle Fort.
Speaking of the project, company Director Dr Dinuk Jayasuriya stated “We are not only delighted with the initial interest in Crystal Sands – with 40% of our units reserved in December alone – but also with the calibre of our register. This includes multiple CEOs, the head of an international bank, an international cricketing personality and world renowned travel video blogger Nas Daily who has a following of over 11 million on Facebook.”
The overwhelming response to Crystal Sands is being driven by the project’s stunning beachfront location, the boutique condo-hotel concept, and of course the impressive team behind the project which includes Sri Lanka’s cricketing superstar, Kumar Sangakkara.
Given the demand it’s no surprise the team behind Crystal Sands only intends to sell a few more apartments and hold the rest. CEO Reza Magdon-Ismail explains “Ultimately, we believe in the long-term value of Crystal Sands and are encouraged by Lonely Planet ranking Sri Lanka as its number one tourism destination for 2019. These are just two reasons why we intend to manage and market Crystal Sands and want to, along with apartment owners, benefit from future rental yields. Our goal is to beat the 10% USD annual yields forecasted by KPMG at 75% occupancy.”
Crystal Sands apartments are available as two and three-bedroom options over eight levels and crowned by a luxurious Presidential Suite. Each apartment will have stunning ocean views and a private plunge pool, while the rooftop of the complex will boast an infinity pool, poolside bar and a restaurant serving up enticing international cuisine.
Available apartment prices start from USD249,000 for a two-bedroom. An initial USD10,000 fee is required to reserve your apartment.