John Keells Properties reports soaring demand for real-estate at VGCR
John Keells Properties has reported a strong demand for the real-estate options at The Victoria Golf and Country Resort (VGCR). The country’s leading property developer has announced that over 50% of its exclusive Sunrise Ridge Holiday Homes have been sold to date and they have also sold out all the premium land plots from phase one which was launched in September 2020.
The 16-villa Sunrise Ridge development -designed by renowned architect and urban designer Madhura Prematilleke- is set at the heart of the pristine fairway, and features two bedrooms with en-suite baths, a kitchenette, living room, and private deck in each 2,000 sq.ft impeccably designed villa. Having claimed a stake in this secluded hillside oasis, homeowners can soon wake up to expansive views of the golf course and the spectacular Victoria reservoir.
“The freedom to own a villa of their dreams and not have the hassle of constructing or managing the property has exerted a decisive influence on buyers,” commented Nadeem Shums, Head of Sales and Marketing at John Keells Properties on the developer’s strong sales performance. “What we offer at the VGCR is a unique turnkey development with a six-year management period, where you can be a part of an exclusive golfing community. We continue to see a growing demand for leisure linked real estate investment opportunities in the country, which is a reflection of how market sentiment is moving in a positive direction.”
Ever since the announcement of its residential offering last year, the VGCR properties have emerged as a top investment choice for those seeking an unrivalled elevated lifestyle without having to bear the onus of maintenance and operational costs. The holiday homes have been offered up as turnkey projects, priced from Rs 55 million onwards, where VGCR will manage the property for the first six years, with all costs borne by the golf course. Among other benefits, homeowners can enjoy a complimentary five-year membership at the Club, discounts on food and beverages, up to a 90-day free stay, and a share of the hotel room revenue during the six-year management period.
Additionally, John Keells Properties has collaborated with Troon International – the largest and most established golf management company in the world for the management of the 120-acre 18-hole championship golf course.
Located in picturesque Digana -less than 100 miles away from Colombo and just a short drive from Kandy-, both aficionados and beginners of the sport look towards the VGCR for its world-class facilities, but also for its accessibility from the city and breathtaking panoramic views – the ideal luxe upcountry retreat.
Development of the Kandy highway will improve accessibility to VGCR and the journey time expected to come down significantly once the highway is completed.
For further information on the exclusive real estate options at VGCR, please contact 0712376376 or visit www.golfsrilanka.com.
Oil prices rise as Saudi Arabia pledges output cuts – Opec+
Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices.
Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July and Opec+ said targets would drop by a further 1.4 million bpd from 2024.
Opec+ accounts for around 40% of the world’s crude oil and its decisions can have a major impact on oil prices.
In Asia trade on Monday, Brent crude oil rose by as much as 2.4% before settling at around $77 a barrel.
The seven hour-long meeting on Sunday of the oil-rich nations, led by Russia, came against a backdrop of falling energy prices.
Total production cuts, which Opec+ has undertaken since October 2022, reached 3.66 million bpd, according to Russian Deputy Prime Minister Alexander Novak.
Opec+, a formulation which refers to the Organization of Petroleum Exporting Countries and its allies, had already agreed to cut production by two million bpd, about 2% of global demand.
Manpower services agency wins accolades for its contribution to foreign employment sector
Its MD says. ‘go abroad only if you can work hard’
Siraj Manpower Services, one of Sri Lanka’s leading foreign employment agencies, was honoured with the Three-Star Award at the ‘Golden Awards’ 2023, organised by the Sri Lanka Bureau of Foreign Employment (SLBFE). This award ceremony was organised to honour foreign employment agencies that have made a significant contribution to the development of the foreign employment sector, which is a major source of foreign exchange for Sri Lanka. Siraj Cafoor, Managing Director of Siraj Manpower Services, was presented with the award at the award ceremony which was held at the BMICH in Colombo under the patronage of Minister of Foreign Employment and Labour Manusha Nanayakkara.
Having been established in 2002, Siraj Manpower Services (www.sirajmanpower.lk) has earned a reputation in the field of foreign employment by winning the trust of customers for more than 20 years. It has been offering job opportunities in the Middle East countries such as Kuwait, Qatar, Dubai and Saudi Arabia, and Malaysia as housekeepers, drivers, sanitation workers, labourers and also jobs related to the apparel industry. All these workers are entitled to approved salary scales certified by the SLBFE.
“We always stand for the safety of workers who go abroad through our organisation. We work to solve the problems that arise in relation to the contracts that the workers have entered into. I must mention something special to those who go abroad for employment. That is, you should keep in mind that you go abroad only to work. Go abroad only if you can work hard. You have to remember that you are going abroad to earn some more money and achieve the advancement of your family.” said Siraj Cafoor.
Direct flights between Istanbul and Katunayake to commence from August
A special discussion between Turkish Ambassador – Demet Sekercioglu and Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva took place last week at the ministry office. The aim of the discussion was to seek authorization to commence direct flights from the Turkish Capital Istanbul to Katunayake, Sri Lanka. The Chief of Turkish Airlines’ South Asia Office Fathi Bozkurt was also present during the discussion.
Currently, Turkish Airlines connects with Sri Lanka through a route that includes a stopover in the Maldives, resulting in an additional travel time of one and a half hours. The delay caused by this routing is not favored by travelers, as emphasized by the Ambassador.
The Chief of Turkish Airlines requested for time and space to be allocated in order to initiate direct flights between Istanbul and Katunaike, thus providing convenience for Turkish tourists and travelers who prefer visit Sri Lanka.
The Minister announced that the request would be forwarded to the Director General of the Civil Aviation Authority of Sri Lanka and the Airport and Aviation Services (Sri Lanka) (Private) Limited. The aim is to establish direct flights between Istanbul and Katunayake starting from August this year.
Turkish Airlines, a renowned airline with a fleet of over 100 aircraft, offers flights connecting Europe’s Vancouver and New York. The Chief of Turkish Airlines said that the new service would not only benefit European travelers but also encourage them to travel to Sri Lanka.
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