Mirissa becomes South Asia’s fastest growing coastal holiday and real estate investment destination

Posted On 11 May 2019
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Mirissa’s increased growth rate and interest from international holiday-goers and investors has grown exponentially since mid-2018, with the introduction of Elysian Mirissa (developed by Elysian Realty and Architects, Milroy Perera Associates).

Mirissa was initially formed as a small fishing town, but has later evolved into a popular beachfront tourist destination, due to its proposition of being home to the rare and elusive sperm whale and blue whale. With the continued growth and development of its infrastructure, property value and tourism offering, backed by the Sri Lankan Government, international investors and well-known entities in Sri Lanka’s investment circuit.

At the helm of the development and investment growth, stands Elysian Mirissa – Mirissa’s first apartment project, offering 154 units available for purchase.

The project which is expected to be completed in 2021/2022 has come to rival international market capital gains in real estate, whilst offering the ideal beachfront getaway for its residents.

Commenting on the role of Elysian Mirissa, in the continued development of the local area, Head of Sales and Marketing, Elysian Realty Pvt Ltd, Buddhika Jayasinghe said “There is no doubt that Sri Lanka has begun to boom as a real estate investment haven. Great investments are built on staying ahead of the curve, in turn finding investments that are yet to be realised. Mirissa as a destination and Elysian Mirissa as a property investment is one such opportunity for great capital gains and the knock-on rental yields, as its popularity grows.”

With over 75% of Phase 1 units sold, the project is set to make its mark on Sri Lanka’s southern coastline as one of the nation’s iconic projects; the flagship property of Elysian Realty. Starting at USD 99,950, the property offers one to three bedroom units, ranging from 522 to 1,182 sq ft; and three and four bedroom Sky Villas, ranging from 2,254 to 3,012 sq ft.

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