Sri Lanka’s John Keells Properties launches two new sets of luxury properties based in Kandy
Sri Lanka’s John Keells Properties launches two new sets of luxury properties based in Kandy

Sri Lanka’s John Keells Properties launches two new sets of luxury properties based in Kandy

One of Sri Lanka’s real estate giants, John Keells Properties, has reportedly expanded the Company’s already diverse portfolio recently with the announcement of two new sets of luxury properties based in and around the Victoria Golf and Country Resort in Digana in the country’s Hill Capital.

Spanning an area of around 517 acres, the main property is set to accommodate the luxury resort, the real estate property, and an 18-hole golf course. Named “Sunrise Ridge” and “Peacock Valley”, the two properties are set to be some of the most unique real estate properties available in Sri Lanka, according to John Keells Holdings PLC Assistant Vice President and Head of Sales – Property Group, Nadeem Shums.

He has told The Sunday Morning Business that the two residential properties will be located in separate parts of the main property, with Peacock Valley being at the heart of the golf course and Sunrise Ridge being dotted alongside the course.

Peacock Valley is designed to be a set of premium land plots surrounded by the golf course, each ranging between 47 and 139 perches. Shums has said that these lands are going to be the most exclusive plots in the entire property.

As for Sunrise Ridge, he has explained that these are luxury townhouses, approximately 2,000 sq. ft. in size, consisting of two bedrooms complete with a kitchenette, living room, and private deck. The property consists of 16 townhouses, with each being around 10 perches.

Sunrise Ridge also guarantees buyers a hassle-free experience, providing their townhouses to be professionally managed by the Victoria Golf and Country Resort.

Shums has further noted that this property also acts as a good investment for buyers, as the company will use the townhouses as a part of the resort and the owners will get a share of that revenue, and also get up to 90 days of free stay at the property each year.

“The real advantage of owning this property is that you have a hassle-free investment, because you do not have to deal with its construction or maintenance; it is all done by us.”

These property owners will also automatically have access to the Victoria Golf Course, which is currently being managed by one of the world’s biggest golf operators, Troon International.

The 18-hole golf course is designed in accordance with international United States Golf Association (USGA) standards.

The resort first partnered with Troon in 2019 to ensure consistent quality to all their guests. The industry-leading golf management company operates at over 450 locations around the world, which include the likes of The Grove in London and the Abu Dhabi Golf Club.

According to Shums, the 120-acre golf course is ideal for both amateurs and professional golfers, with an academy dedicated to train golf enthusiasts. It is a 73-par, 6,933-yard championship course with undulating grounds for a more challenging game, and has been laid with Zorro Zoysia grass brought down from Georgia, USA with a state-of-the-art irrigation system.

The course has also been the recipient of several awards in the last two years, once being ranked by Golf Digest as one of the “100 Most Beautiful Golf Courses in the World” and the “Most Memorable Golf Course in Asia 2019” by Destination Golf.

OSL take:

Sri Lanka’s growth as a business hub in the South Asian region given its geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have resulted in the expansion of business/investment opportunities in luxury lodging facilities. Therefore foreign businesses/investors could explore business/investment opportunities in Sri Lanka’s housing and construction sectors. 

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Article Code : VBS/AT/19102020/Z_3

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