FOR IMMEDIATE RELEASE
Sri Lanka, 15 June 2022— With 15+ years of industry experience and trade expertise, Home Lands Skyline is a leading property developer in Sri Lanka with a dedicated in-house construction arm – Home Lands Constructions. As the front-runner in the industry with a spanning portfolio of luxury residential apartments and high-value housing projects across the island, Home Lands Skyline along with its construction arm – Home Lands Constructions is dedicated to transforming and elevating the residential landscape of Sri Lanka. From creating better living environments with well-designed spaces that ensure high ROI and value for money for each homeowner, Home Lands Skyline holds an unparalleled reputation for meeting and exceeding customer requirements.
Home Lands Skyline’s remarkable journey has many milestones along the way, and it is noteworthy that the property value of each luxury residential apartment and housing project continues to appreciate by over 25% over the years. With a rapid increase in urbanization, Sri Lanka is witnessing a continuous demand growth of over 10% per year for residential apartments. This fuels the growth of residential condominiums with vertical living undoubtedly being the future of urban living – given space constraints and high land prices.
In recognition of its world-class standards and superior facilities offered in all construction projects, Home Lands Skyline was awarded as the “Best Developer in Sri Lanka” at the Asia Property awards 2021 and received the prestigious status of “A (lka) Stable” by FITCH ratings for its solid financial stability. Further, Home Lands Constructions received the highest status standard of “C2” from CIDA, reflecting high construction standards and its strength in the local construction industry. In RIU’s market research, Homelands Skyline was also identified as the “Most preferred real estate brand in Sri Lanka”, which further highlights the customer goodwill and trust held upon the brand and company for two decades since its inception.
In the last decade, residential property development and construction projects in the form of luxury apartments are booming in Sri Lanka – at a more rapid pace than ever before. From progressive urbanization initiatives, futuristic landscaping, to liberal real-estate policies, local and global investors are encouraged to invest in the Sri Lankan residential real estate market as the best decision with the short-term and long-term in mind. Sri Lanka’s strategic geographical position on the world map and its international trade relations has dramatically shifted in recent times only to become an attractive hub for property investors from all corners of the world. Another key reason is the shift of Sri Lankan real estate policies to becoming more transparent and investor-friendly offering many benefits. By investing more than $75,000 a foreign investor will receive a 10-year resident visa whilst enjoying a great tropical life.
The demand for high-end condominiums and luxury residential apartments in Sri Lanka’s major cities and suburbs is continuing to soar with each passing day. High-net-worth local individuals, aspiring professionals to foreign ex-pats have shown keen interest in purchasing pre-constructed luxury apartments at prime locations. Home Lands Skyline’s new high-value residential apartments added to the local market are expected to skyrocket further and all our valued investors will enjoy a high ROI in the near future.
Sri Lanka’s overall real estate market is resilient and has bounced back from many downturns. The Land Value Indicator (LVI) for the Colombo District as measured by the Central Bank appreciated by 9.5% in the first half of 2021, compared to 2020. This shows the promise and resilience of the local real estate market and solid growth prospects. The appreciation of land prices as per the LVI and the convenience offered by apartments makes residential real estate even more attractive than ever before.
Despite the current inflation and economic meltdown, it will not affect Sri Lanka’s unstoppable real-estate industry – especially the residential sector. However, investors are advised to choose the right real estate partner who is trustworthy and credible when making the investment decision.
Name: Thilina Guruge
Business: Home Lands Skyline (Pvt) Ltd
Address: 1087, Pannipitiya Rd, Battaramulla 10120