Sampath Bank partners with Home Lands Skyline as funding partner for project Oceana Wadduwa

From Left: AGM Finance A.R. Bandara, Finance Manager Chinthaka Hewavidana, Home Lands Group Director Harshani Herath, Home Lands Group Chairman Nalin Herath, Corporate Banking Senior DGM Ayodhya Iddawela Perera, Corporate Credit DGM Amal Kirihene, Corporate Credit Senior Manager Salinda Jayawardena and Relationship Manager Amila Thilanka

Home Lands Skyline Ltd. has officially taken up a project funding partnership with Sampath Bank PLC, a leading bank in Sri Lanka, to develop Oceana Beach Resort Apartments, Wadduwa. Expected to be completed by the end of 2024, Home Lands Skyline looks forward to taking the novel Oceana – Wadduwa project forward.

Oceana – Wadduwa, Home Lands Skyline’s latest project, is spread out across 17 acres and includes 400 meters of beachfront. It is designed to include 552 luxury beachfront resort apartments, a star-class hotel developed on six acres of land, and a host of world-class amenities. Only 15% of the project area is allocated to the building, while 85% of the complex is maintained in its natural setting and open areas, while providing 50+ world-class facilities.

Established in 1987, Sampath Bank is a pure local bank that has deeply rooted itself in the hearts of all Sri Lankans. The Bank has become a widely trusted financial institution and continues to be a market leader offering superior financial solutions, cutting-edge applications and systems via innovation and a customer-focused approach to business. Sampath Bank has a growing clientele of SMEs, retail and corporate customers with its strong islandwide presence.

Solid financial stability, commitment to excellence, continuous growth and fostering long-term partnerships with property developers have been some of the driving factors for its success. It is also the only bank to have introduced many firsts to the Sri Lankan banking sector, including ATMs, extended banking hours and paperless banking. These noteworthy milestones stand as testament to Sampath Bank’s remarkable journey and its steady growth to becoming a technology-driven financial services provider while keeping true to local traditions and values.

Commenting on the partnership, Corporate Banking Senior Deputy General Manager Ayodhya Iddawela Perera said: “We are pleased to be a part of this upcoming novel real estate project – Oceana Beach Resort Apartments by Home Lands Skyline. This novel venture is a key milestone for Home Lands Skyline and this ultra- modern and luxurious apartment project is a great addition to its growing portfolio of high-value real estate in Sri Lanka. 

“With rapid land value appreciation each year and growing demand for luxury apartments in fantastic locations around the country, there is a noteworthy desire to invest in the Sri Lankan real estate – especially residential real estate. Sampath Bank has stepped up, as it has always in the past to address the growing demand and new possibilities to elevate local real estate to the next level.”

As a leading property developer in Sri Lanka, Home Lands Skyline has developed several spectacular residential apartment and residency projects throughout the years – that exemplify luxury, timeless elegance and unmatched facilities. Each project is strategically positioned to enhance the lifestyles of valued customers. 

Home Lands Group of Companies is the largest residential real estate solution provider in Sri Lanka, owning 45% of the market share. Home Lands Skyline was awarded ‘Best Developer in Sri Lanka’ at PropertyGuru Asia Property Awards 2021 and Home Lands was recognised as the Most Preferred Brand in the Residential Real Estate Sector as per the recent RIU brand health survey. 

Besides, CIDA has certified Home Lands Skyline Ltd. and Home Lands Holding Ltd. as the first real estate companies in Sri Lanka with the Highest-Grade Property Developer (LB1 and L1) status for 2021 proving their construction capability. Home Lands Skyline continues to change the course of the real estate industry and raises the bar yet again for luxury resort apartment living in Sri Lanka with Oceana Wadduwa.