Newspaper article International Herald Tribune

An Oceanfront Villa in Postwar Sri Lanka ; Island Is Now Popular among Expatriates in Asia and Middle East

Newspaper article International Herald Tribune

An Oceanfront Villa in Postwar Sri Lanka ; Island Is Now Popular among Expatriates in Asia and Middle East

Article excerpt

Island is now popular among expatriates in Asia and Middle East.

Since celebrating the end of almost 25 years of civil war in 2009, the island nation of Sri Lanka has become an increasingly popular vacation-home spot for Western professionals working in Hong Kong, the Middle East and Singapore.

And a three-bedroom villa, with both a swimming pool and a private beach on the Indian Ocean, is representative of the kind of property they often buy.

The villa, listed at $2.4 million, is on Taple beach, about five kilometers, or three miles, east of Galle, a provincial capital in the island's southernmost region and a historic city with a large, walled Old Town.

Lanka Real Estate, an agency specializing in purchases by foreigners, is handling the sale. Most properties listed for the international market are priced in dollars rather than Sri Lankan rupees.

The single-story cream-colored house, which spreads out over 510 square meters, or 5,500 square feet, was built in the Dutch gable style in 2005. It has two master bedrooms with large walk-in closets and en suite bathrooms. A third bedroom can be can be used as a study.

The house's entrance is one of its most impressive features. The view through the double front doors runs straight along the house's central corridor, to the mature palm and coconut trees and the beach beyond. There is a large, shaded terrace, a swimming pool and a wooden gazebo that can be used for barbecues and entertaining on the 10,000-square-meter site.

The house has central air-conditioning but no heating, which is not needed as the temperature seldom dips below 20 degrees Celsius (68 Fahrenheit).

While there is no official tally, real estate agents estimate that about 5,000 expatriates own vacation homes in and around Galle.

Foreigners buying vacation homes here are subject to a 100 percent property tax, though that law is being reviewed by the government. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.