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Tag: Variety

  • Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences – Lanka Business Online

    Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences – Lanka Business Online

    Port City Colombo, a visionary multi-service Special Economic Zone and master-planned city, invites the local community to partake in an assortment of engaging excursions that range from luxury shopping to serene strolls by the waterfront. With a series of experiences that provide something for everyone, Port City Colombo further encourages local guests to spend more time within the vibrant, thriving city of Colombo, especially during this holiday season.

    Embodying the dynamic lifestyle ambiance of Port City Colombo set to emerge once the project is fully operational, the Mall at Port City Colombo caters to discerning shoppers who seek world-class convenience, luxury travel retail, and diverse culinary offerings. The Mall at Port City Colombo, being South Asia’s first downtown duty-free retail concept, features China Duty Free — the world’s No.1 travel retail operator, with additional travel retail brands set to commence operations shortly. The Mall is open to all eligible visitors, including returning Sri Lankans and foreign residents, general tourists, diplomats and diplomatic organisations, and departing travelers. Returning Sri Lankans and foreign residents will be able to avail an annual allowance limit of USD 2,000, with specified quantity limits as per Schedule 1 of the published Extraordinary Gazette, and purchases to be made on a single visit within four days from the First Date of Arrival (FDOA). For returning Sri Lankans and foreign residents, only the permitted customer and one family member are allowed.

    Guests visiting the Mall could also explore the curated assortment of other dining, cultural retail, and lifestyle offerings, which include the renowned Nihonbashi by Dharshan, Café Chill, Spa Ceylon, Department of Coffee, and so forth.

    Port City Colombo further encompasses Sri Lanka’s only artificial beach, increasingly popular with local guests since its opening in 2023, which provides the perfect tropical sanctuary in the urban heart of Colombo. This includes a swimmable beach within the vicinity of Port City Colombo’s breakwater lagoon, vivid, awe-inspiring sunsets, and a lively beachside restaurant culture that is ideal for any guest who desires a tranquil day by the ocean. The exquisite Marina Promenade, which is open to the public from 9 a.m. to 6 p.m. daily, enables guests to enjoy panoramic views of the Colombo city skyline and the sea as they take a saunter down this distinct pathway up to the arched footbridge, which is slowly becoming an icon of the city’s landscape. The newly opened Central Park also presents an urban oasis of relaxation, recreation, and physical activity, enhancing Colombo’s appeal as a city that harmonizes modernity with nature.



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  • Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences – Lanka Business Online

    Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences – Lanka Business Online

    Port City Colombo, a visionary multi-service Special Economic Zone and master-planned city, invites the local community to partake in an assortment of engaging excursions that range from luxury shopping to serene strolls by the waterfront. With a series of experiences that provide something for everyone, Port City Colombo further encourages local guests to spend more time within the vibrant, thriving city of Colombo, especially during this holiday season.

    Embodying the dynamic lifestyle ambiance of Port City Colombo set to emerge once the project is fully operational, the Mall at Port City Colombo caters to discerning shoppers who seek world-class convenience, luxury travel retail, and diverse culinary offerings. The Mall at Port City Colombo, being South Asia’s first downtown duty-free retail concept, features China Duty Free — the world’s No.1 travel retail operator, with additional travel retail brands set to commence operations shortly. The Mall is open to all eligible visitors, including returning Sri Lankans and foreign residents, general tourists, diplomats and diplomatic organisations, and departing travelers. Returning Sri Lankans and foreign residents will be able to avail an annual allowance limit of USD 2,000, with specified quantity limits as per Schedule 1 of the published Extraordinary Gazette, and purchases to be made on a single visit within four days from the First Date of Arrival (FDOA). For returning Sri Lankans and foreign residents, only the permitted customer and one family member are allowed.

    Guests visiting the Mall could also explore the curated assortment of other dining, cultural retail, and lifestyle offerings, which include the renowned Nihonbashi by Dharshan, Café Chill, Spa Ceylon, Department of Coffee, and so forth.

    Port City Colombo further encompasses Sri Lanka’s only artificial beach, increasingly popular with local guests since its opening in 2023, which provides the perfect tropical sanctuary in the urban heart of Colombo. This includes a swimmable beach within the vicinity of Port City Colombo’s breakwater lagoon, vivid, awe-inspiring sunsets, and a lively beachside restaurant culture that is ideal for any guest who desires a tranquil day by the ocean. The exquisite Marina Promenade, which is open to the public from 9 a.m. to 6 p.m. daily, enables guests to enjoy panoramic views of the Colombo city skyline and the sea as they take a saunter down this distinct pathway up to the arched footbridge, which is slowly becoming an icon of the city’s landscape. The newly opened Central Park also presents an urban oasis of relaxation, recreation, and physical activity, enhancing Colombo’s appeal as a city that harmonizes modernity with nature.



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  • Real Estate Institute Of New Zealand (REINZ) August Data Reveals Variety In The Lifestyle Property Market

    Real Estate Institute Of New Zealand (REINZ) August Data Reveals Variety In The Lifestyle Property Market

    Data released today by the Real Estate Institute of New Zealand (REINZ) shows 79 fewer lifestyle property sales (-5.6%) for the three months ending August 2024 than for the three months ending July 2024.

    Overall, there were 1,330 lifestyle property sales in the three months ending August 2024, a 2.9% increase compared to the three months ending August 2023 (1,293 sales). There were 1,409 lifestyle property sales for the three months ending July 2024.

    5,669 lifestyle properties were sold in the year to August 2024, 113 (+2.0%) more than were sold in the year to August 2023. The value of lifestyle properties sold was $6.32 billion for the year to August 2024.

    Shane O’Brien, Rural Spokesman at REINZ, commented on the regional dynamics: “During the month, there were 433 sales of lifestyle properties that included 80 bareland blocks. Bareland block sales have dropped compared to August 2023 (101) and August 2022 (137) as the amount of available land reduces. At the same time, many buyers are looking to buy existing properties to ensure certainty against rising building costs and lengthy build times. There were 353 Farmlet sales during the month, the same number as August 2022.”

    The median price for lifestyle properties has seen a general upward trend. For all lifestyle properties, the median price reached $950,000, reflecting a 4.4% increase compared to the previous year. Farmlet Lifestyle properties had a median price of $1,045,000, up by 2.0% year-over-year. In contrast, the median price for Bare Land Lifestyle properties fell to $432,500, a decrease of 3.3% from last year.

    Seven regions recorded an increase in sales compared to August 2023, with the largest increases seen in Manawatu-Whanganui (+28 sales) and Wellington (+27 sales). Otago ( -19 sales) and Taranaki ( -17 sales) recorded the biggest decreases in sales in the three months to August 2024 compared to the three months to August 2023. Three regions recorded increased sales compared to the three months to July 2024.

    Nine regions saw the median price of lifestyle blocks increase between the three months ending August 2023 and the three months ending August 2024. The most

    notable examples were in West Coast (+28.0%) and Taranaki (+21.3%), with the biggest decreases being in Nelson/Marlborough/Tasman ( -14.2%) and Gisborne/Hawkes Bay ( -9.9%).

    “The lifestyle market remains active, with sales numbers fluctuating monthly but the median sale process remaining relatively steady. The median for Farmlet sales across NZ was $1,060,000 in August 2024. We expect this market to continue to respond to increased buyer interest as the residential market improves across much of New Zealand in coming months,” adds O’Brien.

    The median days to sell a lifestyle property increased to 90 days, up 11 days from the three months to August 2023. There were notable regional variations in selling times, with Southland having the fastest sales at just 52 days, while Auckland recorded the slowest at 104 days.

    © Scoop Media


     

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