Elysian Residencies almost sold out due to growing capital gains and rental yields

Tuesday, 26 February 2019 00:00 - - {{hitsCtrl.values.hits}}

Elysian Realty’s recently completed residential project that is available for immediate occupancy, Elysian Residencies in Mount Lavinia, announce final two units available for purchase. This near completion of sales is mainly due to its location value in convenience and rentability.

This eight storey residential project, features a rooftop with views of the Indian Ocean and golden Mount Lavinia Beach. Located in the heart of Mount Lavinia’s chic residential area, in close proximity to St. Thomas’ College – the project offers four unit types that provide the optimum mix of residential, as well as investment value. The increasing number of tourists has cultivated a higher potential for properties in the Mount Lavinia area to be rented on a short-term basis for leisure/business travellers, which has boded well for property owners. The area is expected to provide rental yield of approximately 4.9% - 5.5% and capital gain of approximately 4.8%, according to Research Intelligence Unit (RIU).

With 22 out of 24 fully-appointed luxury apartment units sold and now being conveniently rented to third party residents, Elysian Residencies represents an opportunity for high capital gains and rental yields.

Commenting on Elysian Residencies, Mount Lavinia, Head of Sales and Marketing, Elysian Realty Ltd., Buddhika Jayasinghe said, “Besides offering residents an opportunity to be a part of a truly exclusive neighbourhood, we have also provided a dynamic property with high rentability to foreign guests seeking easier access to southern travel and metropolis beach experiences. In addition, as a BOI approved project, care has been taken to ensure each and every facet of the property radiates luxury, convenience and exclusivity.”

Elysian Realty offers investors further opportunities to invest in real estate through Elysian Mirissa – a residential project located on the golden coastline of southern Sri Lanka, with an expected completion date of 2021 for tower 2, 3, 4 and 5; and 2022 for Tower 1. With apartments starting at $ 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. and is now over 50% of sold. This particular project is set to make its mark on Sri Lanka’s southern coastline as one of the nation’s iconic projects.