Home / Property/Construction/ Crystal Sands beachfront apartments attract high-end buyers

Crystal Sands beachfront apartments attract high-end buyers

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 8 January 2019 00:00



Luxury living is being snapped up on Sri Lanka’s southern coast with the country’s first boutique beachfront apartment complex experiencing strong sales to an impressive list of buyers, just four weeks after being released.  

Crystal Sands is a collection of 25 luxury apartments, located on a pristine stretch of beach, just 15 minutes from the famous Galle Fort. Speaking of the project, company Director Dr. Dinuk Jayasuriya stated: “We are not only delighted with the initial interest in Crystal Sands – with 40% of our units reserved in December alone – but also with the calibre of our register. This includes multiple CEOs, the head of an international bank, an international cricketing personality and world renowned travel video blogger Nas Daily who has a following of over 11 million on Facebook.”

The overwhelming response to Crystal Sands is being driven by the project’s stunning beachfront location, the boutique condo-hotel concept, and of course the impressive team behind the project which includes Sri Lanka’s cricketing superstar, Kumar Sangakkara.  Given the demand it’s no surprise the team behind Crystal Sands only intends to sell a few more apartments and hold the rest. CEO Reza Magdon-Ismail explains: “Ultimately, we believe in the long-term value of Crystal Sands and are encouraged by Lonely Planet ranking Sri Lanka as its number one tourism destination for 2019. These are just two reasons why we intend to manage and market Crystal Sands and want to, along with apartment owners, benefit from future rental yields. Our goal is to beat the 10% USD annual yields forecasted by KPMG at 75% occupancy.”   Crystal Sands apartments are available as two and three-bedroom options over eight levels and crowned by a luxurious Presidential Suite. Each apartment will have stunning ocean views and a private plunge pool, while the rooftop of the complex will boast an infinity pool, poolside bar and a restaurant serving up enticing international cuisine.  Available apartment prices start from $249,000 for a two-bedroom.  An initial $10,000 fee is required to reserve your apartment.

For more information visit www.crystalsands.lk, email sales@crystalsands.lk or contact +94 77 229 2202.

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

We should sell our water

Monday, 22 July 2019

When you read the title of this article, you will probably feel disgusted with me as selling our water has been a controversial topic since a long time ago. By the way, I am talking about virtual water trade and you would be surprised to know that we

A voice of compassion amid howls of zealotry

Monday, 22 July 2019

The unrestrained freedom extended by the current regime to a bunch of saffron-clad street vendors of Sinhala Buddhist zealotry is pushing Sri Lanka once again into a cauldron of ethnic and religious convulsion. The nationwide spread and virulence of

Roger Beteille: The man who reinvented the commercial airliner

Monday, 22 July 2019

The visionary engineer, pilot and manager who led Airbus to some its most significant decisions, passed away last month. Beteille, who was the head of French aircraft manufacturer Sud Aviation’s flight testing section, was made technical director

“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag

Columnists More