Page 30 - Invest in Sri Lanka

Sri Lanka: The Heart of the Eastern Hemisphere Your Destination for Timeless, Sustainable Investments

City Hotels, Resorts & Luxury Lodges

Sri Lanka's tourism boom has driven significant
investment in hotel real estate. Coastal areas like
Bentota, Hikkaduwa, and Negombo are flourishing
with boutique hotels and resorts from both local
and international developers. The Eastern
Province, including Pasikudah and Arugam Bay,
has also rapidly developed post-conflict, with land
values soaring as new properties emerge. Luxury
resorts, such as Shangri-La’s Hambantota and
Anantara Peace Haven Tangalle, highlight this
trend, with land prices jumping from USD
$100,000 to well over USD $500,000 per acre.

Alternative Accommodation, Holiday Rentals
and Residential Apartments

The residential apartment market, particularly in
urban centers like Colombo, has seen rapid
growth. The skyline of Colombo has transformed
with the development of high-rise luxury
condominiums, such as Sapphire Residences by
ITC Hotels, Shangri La Residences and the Suites
at Cinnamon Life. The demand for these
properties has been driven by urbanization, a
growing middle class, and interest from foreign
investors seeking luxury living spaces in prime
locations. The price per square foot for luxury
apartments in Colombo has seen consistent
growth, with some prime properties exceeding
USD $500 per square foot.

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