Sri Lanka’s villa based residential country club in the southern coast reaches partnership with international agency for marketing - Opportunity Sri Lanka
Sri Lanka’s villa based residential country club in the southern coast reaches partnership with international agency for marketing

Sri Lanka’s villa based residential country club in the southern coast reaches partnership with international agency for marketing

A villa-based residential country club located in Sri Lanka’s southern coast, Catalina Koggala, has reportedly held a discussion to create awareness among local business community and potential high net worth buyers, ahead of the show villa opening in August.
Catalina Koggala has also announced its partnership agreement with an international luxury real estate agency to market Catalina to an international clientele.
According to reports, the discussion had evolved around why Sri Lanka can be an outstanding destination for residential wellness living communities and Catalina’s ground-breaking role in this perspective, which was attended by a very select, blue-chip group of local and overseas investors comprising Granite Capital Managing Director Jeevan William, Granite Capital Chairman Brad West, Granite Capital Director Azira Esufally, Sri Lanka Sotheby’s International Realty Sales and Marketing Director Charles Phillpot, Sri Lanka Sotheby’s International Realty Director Petar Petrovic, Hemas Holdings Plc Chairman Husein Esufally, Jetwing Travels Managing Director Shiromal Cooray and PwC Sri Lanka CEO Sujeewa Mudalige.
Catalina, the first-ever luxury residential wellness community featuring 22-spacious deluxe villas in a country club setting, boasts of offering residents a luxurious and independent lifestyle underpinned by a commitment to healthy living and wellness, the local media has reported.
“It is a planned and purpose-built wellness community, which offers comfort and refinement, with all the amenities needed to enjoy an independent lifestyle in an exclusive community,” developers of the project Granite Capital Managing Director, William has been quoted as saying.
He has also said they were excited to leverage the powerful Sotheby’s International Realty network and to be able to offer Catalina luxury villas to their exclusive clientele.
Sri Lanka Sotheby’s International Realty has meanwhile announced an agreement to work with Catalina, where it will undertake a host of operational, marketing and research-oriented initiatives to address the requirements of the Sri Lankan property market.
Catalina Koggala comprises 22 villas on 5.75 acres of land surrounded by a tropical climate near the Koggala Lake and is an hour-and-a-half drive away from Colombo via the Southern Highway.
The project is expected to be completed in July 2019 and targets a price range of US$ 272,000 – US$ 325,000.
According to William, most foreign inquiries were from Australia, the UK, Canada, Dubai Singapore and Hong Kong.

OSL take:

The Catalina Koggala project has portrayed a new investment opportunity in Sri Lanka’s real estate sector. It has shown that Sri Lanka has the potential to become a wellness real estate destination as well. This is a new field that foreign businesses/investors could look at when exploring opportunities in Sri Lanka.

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Article Code : VBS/AT/20180725/Z_3

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