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Why is Buying Apartments in Sri Lanka considered difficult? How we can help — Investing in a Value-Added Future 

by Caleb Falcon
written by Caleb Falcon

A cost-benefit analysis has become imperative before taking the leap and purchasing your dream mini-abode close to thriving urban hotspots due to the greater financial drain this entails, with the asking price of apartments in Colombo having hiked up by 32.9% compared to 2021. Here are some reasons why upmarket apartments are worth the hefty price tag and can save your finances in the long run!

High Real Estate Costs

In 2022, the overall selling price of apartments had spiked by over 45.17% compared to the last year, and the chief reason behind this has been a depreciated Lankan rupee leading to a shortage in raw materials and skyrocketed construction costs. However, the demand for real estate as a hedge against economic crises has also amplified, and this, alongside government-led incentives, suchnfl shop buffalo bills 49ers jersey for sale yeezy sale rose sex toy cheap jordan 1 nfl jerseys cheap rose sex toy adidas juventus 22 23 nike air max 270 women’s sale nike nba miami heat yeezy sale nike nba miami heat cheap yeezys milan jersey 2022 23 nfl jersey store as VAT exemptions on condominiums, has led to escalated apartment investments.

Avant-Garde Amenities

The best apartments combine minimalist opulence with sensor-rich functionality with sophisticated amenities that optimize a lifestyle of holistic productivity, whether it’s designed kitchens showcasing state-of-the-art appliances, liberating outdoor spaces, well-heeled recreation centres, high-speed internet, or spa-like washroom fittings. Therefore, in apartment complexes that handle utility costs for their tenants while proffering high-end amenities, for instance, such bundles may even save you money in the long run.

Prestigious Location

Few can deny that their ideal apartment is found in a secluded nature-kissed spot a stone’s throw away from opportunistic city hubs, and this is just what the most superior apartments boast. Such abodes present significant cost savings for tenants, as they spend less on travelling and can help protect the environment by choosing public transport or cycling instead of using a car. If you’re looking to buy apartments in Sri Lanka, venture no further than Prime Residencies.

Hands-free Maintenance

Maintenance

Maintenance – Photo by Pandu Agus Wismoyo on Unsplash

One of the best aspects of top-tier condos is a hands-on maintenance team who is on call whenever there’s a household fix. While these maintenance fees contribute to a higher rent, they also enable you to reach your career and lifestyle goals with hassle-free focus!

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Apartment in Sri Lanka
Apartment LivingInvestingMoney Hacks

Factors to Consider when Determining the Budget for an Apartment in Sri Lanka – Investing in Minimalist Indulgence 

by auburn
written by auburn

The Apartment Age has dawned upon us with more consumer demographics calling for multi-income physical assets like urban condos nestled into the most scenic neighbourhoods of thriving cityscapes like Colombo. Here’s how to go about determining a feasible budget for a high-value apartment.

Reflect on your Vision

Buying your dream abode should not be a split-second decision, especially when you have a budget to consider when it comes to expenses like utilities, new furniture, and tech-savvy fittings. Therefore, whether it’s in-built modern conveniences like a fully-fitted kitchen, impeccable living room trappings, and contemporary washroom accessories that add value to the abode or an open floor plan, ample balcony, and heaps of natural lighting, make sure you select an apartment that checks all your non-negotiable boxes and aligns seamlessly with your holistic lifestyle goals.

Review your Financial Goals

If your focus is on a top-notch apartment well connected to urban business and recreation hotspots while affording serene escapes into nature, then paying a premium is worth it for long-term gains, as such abodes boast rental yields of 10% and annual capital gains of 15%. Therefore, if you’re browsing for cohesive apartments for sale in Sri Lanka that effortlessly combine prestige and hospitality, venture no further than the likes of Prime Residencies.

Investigate for Hidden Costs

A crucial way of being vigilant about managing your budget is to avoid getting so dazzled by artistic interiors, state-of-the-art amenities, and lush outdoor spaces, that you completely overlook costly pitfalls! For instance, levies are often common for apartments that follow a strata scheme, where apartment owners need to contribute to the upkeep of communal spaces and facilities.

Consult with Real-estate Experts

Colombo

Colombo – Photo by Chamindu Perera on Unsplash

Even though your chosen apartment may seem like the perfect fit, it’s always a good idea to see through the eyes of experienced professional appraisers to confirm high saleability and desirable future returns.

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Logistics
InvestInvestingMoney Hacks

Sustainable Logistics: Reducing Emissions and Optimising Operations- A Sustainable Flow of Productive Finesse 

by auburn
written by auburn

In the realm of sustainable logistics, the focus lies on reducing emissions and optimising operations, creating a seamless and environmentally friendly flow of productive finesse. This approach intertwines various elements such as sustainable financial growth, tech-savvy risk management, synergised partnerships, and enhanced consumer confidence. By adopting green business operations, organisations pave the way for corporate sustainability, aligning their efforts with the imperative of ecological preservation.

Performance-driven Sustainability

It’s first crucial to understand that operating under the banner of sustainability does not decrease the performance of your business; it streamlines supply chain activities and leads to a spotless reputation, cost savings, and a top-quality final product, enhancing consumer loyalty and trust in the long run, while attracting the surge of ESG investors towards your company.

A Transparent Assessment

Then you need to identify your assets and facilities that need to undergo the decarbonisation process most swiftly and take actionable steps towards reducing their contribution to greenhouse gas levels, using data-backed strategies to convince stakeholders. Container shipping, for instance, is responsible for only 0.7% of the carbon emissions from air freight; therefore, it could be a feasible idea to shift your transport mode to sea freight.

Value-added Synergies

Whether it’s collaborating with supply chain partners to devise eco-friendly solutions and reusing policies, adapting to cloud platforms for more agile management, or incorporating more renewable energy sources, implementing green logistics requires teaming up with ethical and progressive partners to collectively smash sustainability targets. If you’re on the hunt for a premier logistics company in Sri Lanka that prioritises both cost-competitive and innovative operational efficiency and sustainable supply chain solutions, venture no further than the likes of McLarens Sri Lanka.

Data Analysis and Tracking

Data Analysis and Tracking 

Data Analysis and Tracking – Photo by Campaign Creators on Unsplash

From data-driven insights that power everyday decision-making and advanced tracking facilities that make sure that the freight arrives on time and in excellent condition to sensor-fueled hazard detection and digitally integrated remote monitoring systems for consumers and shipowners, tech-powered track records help align all supply chain departments to optimise efficiency.

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Apartment LivingBudgetingInvestInvestingMoney HacksSaving

Reasons Why Gen Z Can Invest in Real Estate Already – A Fascinating Change in the Market

by Pushpitha Wijesinghe
written by Pushpitha Wijesinghe

 While Gen Z may encompass those that are relatively young (generally between 18 to 25 years), more and more of them are investing in the real estate market that’s usually the domain of older or seasoned investors. Here are some insights into why this change is taking place.

market-value

Market Value img by Nick Youngson via Pix4free.org (CC BY-SA 3.0) 

 

High Income & More Savings

In today’s world, the Gen Z set is enjoying the benefits of not only working in remote locations but also being employed by international companies that can pay relatively high salaries in US dollars; in some countries, the dollar conversion is extremely favourable too which increases the level of disposable income and savings that can be used for investing in real estate. Sri Lanka is an ideal example where young executives can invest in smart apartments from developers like John Keells Properties which are becoming increasingly popular.

Alternative Real Estate Investments

Gen Z is employing means of investing in real estate other than the more traditional methods. One example of this is called “house hacking” whereby a multifamily or single-family house is bought; while the owner sets aside one area as his / her living space, the other parts of the house are divided and rented out. The rent from the other occupants will usually cover a large portion of the monthly mortgage payment too.

Making Use of REITs

Real estate investment trusts or REITs are giving the Gen Z generation a chance to get involved in real estate without physically having to buy or manage a property. A REIT is basically a company which operates, owns, or finances real estate or related assets and one can look to invest in it and reap a share of the profits. Because they are publicly traded like stocks, REITs are highly liquid and easy to invest in as well.

Support from Parents

Interestingly, parental support can also be another reason that has enabled the Gen Z crowd to have opportunities for real estate investments. Quite a number of young people live with their parents (or relatives) even when employed; since food and lodging are covered, their savings are more and can be set aside for investing. Additionally, some parents will help their children by giving loans or making down payments for real estate (like an apartment) which no doubt plays a part in contributing to the trend discussed.

  

 

 

 

 

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Apartment LivingInvestInvestingMoney Hacks

To invest or not to invest? The resilient real estate market of Sri Lanka

by Fritzjames Stephen
written by Fritzjames Stephen

Despite the challenges faced by the Sri Lankan real estate market, condominium properties continue to be an attractive investment opportunity giving investors real value for money. Being the epitome of luxury, comfort, security, and higher returns, these high-rise buildings have emerged as a agoradesign.it great substitute for houses, giving a slice of the perfect urban living lifestyle.

Image credit-Unsplash,
Tierra Mallorca,CC0

Real estate market in Sri Lanka

The post-pandemic Sri Lanka coupled with the current economic crisis, leave investors questioning the feasibility of the country’s real estate market; be it for investment or otherwise. Do not be alarmed, for investing in real estate is the smart choice in the face of these economic challenges where your liquid assets hold no real value.

To invest or not?

The resilience of the real estate market in Sri Lanka has been tested multiple times over the years; be it through Covid 19 or economic downturns. However, the market has come back stronger every time, with no trust broken.
With the growing urbanization in the country and liquid assets increasingly losing their attractiveness, people’s attention has been riveted on the sophisticated lifestyle condominium properties offer. If you are also opting out for the remarkable lifestyle and luxury offered by perfectly curated spaces, Cinnamon Life, might just be your dream come true! This marvellous project is managed by John Keells Holdings PLC, a pioneer in the Sri Lanka property development market, and is on a journey to revolutionize South Asia.

Recent Trends

In the face of the economic crisis, building your own home has become a white elephant that you simply cannot afford. It is no surprise that people are deviating their interests from building homes to living in condominium properties where they are promised comfort, luxury, minimal external disruptions, elevated security, other amenities, and many more!

Future of the real estate market

With Colombo becoming more urbanized by the day, residential condominium properties will be the sustenance of Sri Lanka’s real estate market, driving urban dwellers to choose the vertical lifestyle. Recognized in 2021 as one of the leading destinations in the world for digital nomads, the time has come for Sri Lanka to invest in condominium properties and benefit from an array of opportunities including long-term rentals to tourists.

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InvestMoney Hacks

Your guide to shopping for electronics – Don’t make it a burden

by Caleb Falcon
written by Caleb Falcon

Shopping for electronics is not like shopping for FMCG! Be it for your consumption or to gift someone else, you need to be extra careful when buying electronics.

Image credit-Urban.lk

Check the calendar before you buy electronics

Electronics should not be bought in a hurry. If Black Friday or the New Year is around the corner, just wait till online stores in Sri Lanka the likes of Urban.lk declares seasonal promotions. You’ll be able to enjoy many exciting offers!

Don’t think much about the delivery charges

Many people hesitate to pay for the delivery and fixing charges when they buy electronics. Yes, you may be confident about your skill to fix the TV or the refrigerator, but won’t it be safer if a technician does that for you? You just have to pay a small additional fee.

Once purchased, launch a lengthy test

After buying an electronic product, simply power it on and walk away! If it’s a TV, switch it on and let it work for some hours continuously. If a defect is there, that will surely happen within this time.

Call for help- always!

Once again, forget that you too are an expert once an error happens in what you bought. Don’t even touch the electronic until someone comes from the side of the manufacturer. Call them and ask for help, it’s as simple as that!

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Career GrowthLearnMoney Hacks

How to be Successful in College – Plan for a Great Future

by auburn
written by auburn

Do you have that latent fear that you’re going to fail college? – Well, don’t be! Whether you’re enrolled in one of the language courses or management courses Sri Lanka has to offer at popular educational institutes such as CINEC, you can lay out a plan that will definitely take you towards success.

Image via https://www.cinec.edu/

Manage Your Time

Making sure that you set targets to complete particular tasks during a set period will ensure that you’re not behind your work. It will eliminate unwanted stress such as hurrying to complete your assignments at the last moment.

Revise Weekly

Try to make short notes or a summary of what you have learnt within the day – also, make sure that you solve any unclear points right after the lesson – this leaves you free to revise without any inhibitions at the end of the week.

Practice Money Management

Probably you’re paying your college at the beginning of each semester and it is important that you do this right at the beginning, so you don’t miss out on any lectures. To ensure this, it’d be wise to set up a standing order to send a portion of your salary to a separate bank account out of which you can pay your semester fee on time.

Ask for Advice

Are you having second thoughts about your major? Or do you experience any other academic difficulty? Don’t keep them to yourself – speak to your academic advisors and they’ll offer words of wisdom that’ll help you come out of your problems.

 

Thinking of the massive student loans and precious time spent in lectures are enough to make you want to be successful in college – here’s how you can do just that!

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