Mirissa sees exponential growth in tourists and investors
Mirissa’s increased growth rate and interest from international holidaygoers and investors has grown exponentially since mid-2018, with the introduction of Elysian Mirissa, which is developed by Elysian Realty and Architects, Milroy Perera Associates.
Mirissa was initially formed as a small fishing town, but has later evolved into a popular beachfront tourist destination, due to its proposition of being home to the rare and elusive sperm whale and blue whale.
With the continued growth and development of its infrastructure, property value and tourism offering, backed by the Government of Sri Lankan, international investors and well-known entities in Sri Lanka’s investment circuit.
At the helm of the development and investment growth, stands Elysian Mirissa - Mirissa’s first apartment project, offering 154 units available for purchase.
The project which is expected to be completed in 2021/2022 has
come to rival international market capital gains in real estate, whilst offering the ideal beachfront getaway for its residents.
Commenting on the role of Elysian Mirissa, in the continued development of the local area, Elysian Realty (Pvt.) Ltd Sales and Marketing Head Buddhika Jayasinghe said: “There is no doubt that Sri Lanka has begun to boom as a real estate investment haven.
Great investments are built on staying ahead of the curve, in turn finding investments that are yet to be realised. Mirissa as a destination and Elysian Mirissa as a property investment is one such opportunity for great capital gains and the knock-on rental yields, as its popularity grows.”
With over 75 percent of Phase-1 units sold, the project is set to make its mark on Sri Lanka’s southern coastline as one of the nation’s iconic projects; the flagship property of Elysian Realty.
Starting at US$99,950, the property offers one to three bedroom units, ranging from 522 to 1,182 square-feet, and three and four bedroom Sky Villas, ranging from 2,254 to 3,012 square-feet.