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 boats coming from Australia used to land during World War II when flights to Britain was disrupted. “This is a first for Sri Lanka but it is a fast growing market in the developed world like US and Australia,” Brad West, chairman of Granite Capital told media at the launch in Colombo, Monday. “In parts of East Asia like in Thailand and Indonesia this market has grown fast as their visa regulations are relaxed.” In Sri Lanka the visa process for expats is a bit more complicated. “This is why we are not looking at ...
Mar 3, 2018
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