{"id":24228,"date":"2018-03-03T01:15:59","date_gmt":"2018-03-03T01:15:59","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=24228"},"modified":"2018-03-03T01:15:59","modified_gmt":"2018-03-03T01:15:59","slug":"sri-lanka-launches-retirement-living-catalina-villas","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-launches-retirement-living-catalina-villas\/","title":{"rendered":"Sri Lanka launches retirement living with Catalina Villas"},"content":{"rendered":"<h1 class=\"entry-title\" style=\"text-align: center;\"><span style=\"color: #008000;\">Sri Lanka launches retirement living with Catalina Villas<\/span><br \/>\n<img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-22519\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2018\/01\/canter-3.gif\" alt=\"\" width=\"600\" height=\"377\" \/><\/h1>\n<h3 class=\"entry-title\">Source: <a href=\"https:\/\/www.lankabusinessonline.com\/sri-lanka-launches-retirement-living-with-catalina-villas\/\" target=\"_blank\" rel=\"noopener\">LBO<\/a><\/h3>\n<p><span style=\"font-size: 20px;\">Granite Capital announced the launch of Catalina Koggala, a first-of-its-kind residential community villa development targeting the fast growing ageing population in the island.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">The project will comprise 22 villas on 5.75 acres of land surrounded by paddy fields near the Koggala Lake where Catalina flying boats coming from Australia used to land during World War II when flights to Britain was disrupted.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201cThis is a first for Sri Lanka but it is a fast growing market in the developed world like US and Australia,\u201d Brad West, chairman of\u00a0 Granite Capital told media at the launch in Colombo, Monday.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201cIn parts of East Asia like in Thailand and Indonesia this market has grown fast as their visa regulations are relaxed.\u201d<\/span><\/p>\n<p><span style=\"font-size: 20px;\">In Sri Lanka the visa process for expats is a bit more complicated.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201cThis is why we are not looking at targeting expats unlike fast growing East Asian nations,\u201d Jeevan Williams, executive director at Granite Capital said.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201cWe are targeting Sri Lanka dual citizens and also locals who are looking for a relaxed living with the like-minded.\u201d<\/span><\/p>\n<p><span style=\"font-size: 20px;\">The project investment comprises approximately 55 percent Sri Lankan shareholder capital, while the remaining 45 percent will come from foreign shareholders from Australia, Singapore and the US.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">According to Williams, the project will near completion in July 2019 and will sell at a price range of 272,000 US dollars \u2013 325,000 US dollars.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">\u201cThis our first project and therefore we are starting with a manageable small project but we are planning to look at larger development later.\u201d<\/span><\/p>\n<p><span style=\"font-size: 20px;\">The project is not under the BOI.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sri Lanka launches retirement living with Catalina Villas Source: LBO Granite Capital announced the launch of Catalina Koggala, a first-of-its-kind residential community villa development targeting the fast growing ageing population in the island. The project will comprise 22 villas on 5.75 acres of land surrounded by paddy fields near the Koggala Lake where Catalina flying [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":24225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[3627,3628,3626],"class_list":{"0":"post-24228","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-catalina-koggala","9":"tag-granite-capital","10":"tag-sri-lanka-launches-retirement-living-with-catalina-villas","11":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sri Lanka launches retirement living with Catalina Villas<\/title>\n<meta name=\"description\" content=\"Granite Capital announced the launch of Catalina Koggala, a 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