{"id":785,"date":"2022-02-23T20:51:45","date_gmt":"2022-02-23T20:51:45","guid":{"rendered":"https:\/\/en.topic.lk\/?p=785"},"modified":"2022-02-23T20:51:48","modified_gmt":"2022-02-23T20:51:48","slug":"balmond-studio-unveils-southbeach-weligama-a-celebration-of-modern-beachfront-living-2","status":"publish","type":"post","link":"https:\/\/topic.lk\/785\/","title":{"rendered":"Balmond Studio unveils Southbeach Weligama \u2013 a celebration of modern beachfront living"},"content":{"rendered":"
The beautiful Weligama coast will soon play host to Sri Lanka\u2019s most exciting new freehold address \u2013 SouthBeach Weligama. These 106 apartments offer exceptional value designed by the internationally renowned Balmond Studio, designers of Cinnamon Life, Colombo. With an investment of USD 16 Mn (LKR 3.2 Bn), the property currently has 40% foreign and 60% local buying where the initial booking deposit is 5% and signing of the Sale & Purchase Agreement is 20%.<\/p>\n
Balmond Studio combines over 50 years\u2019 experience in architecture and design having worked on the Gherkin in London, Bird\u2019s Nest in Beijing and Australia\u2019s Sydney Opera House among others with Cinnamon Life being its visionary ideal for Colombo\u2019s transforming skyline.\u00a0 It\u2019s London and Colombo design studios renowned for innovation, creativity and passion for modern design is led by Sri Lankan born Cecil Balmond OBE, the world\u2019s leading thinker on form and structure.\u00a0 His son John Balmond who leads the Southbeach Weligama project explains the unique proposition Balmond Studios adds to the Sri Lankan property development landscape.\u00a0<\/p>\n
\u201cSouthbeach Weligama offers an affordable alternative to a 5-star hotel infusing a complete, distinctive and ethical lifestyle, promising year-round yield, setting a new trend for coastal living,\u201d he says.\u00a0 \u201cIn 2017, the Oxford Business Group predicted that beachfront properties in Sri Lanka will increase in value by 50% and in fact, Weligama land values have increased 84% since 2016 as per a report by Jones Lang Lasalle. With these statistics depicting the high value Southbeach Weligama narrates, our one and two bedroom apartments at 727 square feet and 1,137 square feet respectively are predicted to bring in a gross rental yield of 6.5%.\u201d<\/p>\n
Balmond Studios has partnered with global commercial property and investment management company Jones Lang LaSalle Inc. which has offices in 80 countries, to position a high level team at Southbeach Weligama to ensure investments are secure and in safe hands.<\/p>\n
Besides a 75 meter beachfront and 35 meter swimming pool, John says, \u201cOur entire look is a celebration of modern Sri Lankan talent, from showcasing local artists in the art gallery to having all the furniture handmade in Sri Lanka. The feel is about elegant sophisticated beachfront living embracing international lifestyle vignettes with our renowned F&B partner from London operating the restaurant and poolside bar, while our design intertwines the surrounding Sri Lankan landscape in all its multiple hues.\u201d\u00a0<\/p>\n
The eight storey Southbeach Weligama\u2019s oxidized copper fa\u00e7ade and blue\/green glass balconies reflect the colour palette of the Indian Ocean and surrounding coconut palms. The spacious interiors with its high ceilings, large rooms and balconies are complimented by artisan furniture and lifestyle vignettes handmade by Sri Lankan carpenters and masons.<\/p>\n\n\n