Kristall Spaces Lanka unveils its latest luxury apartments on Sri Lanka’s Golden Mile, offering 56 oceanfront units designed for discerning investors. With furnished residences, premium amenities, and attractive returns, this project sets a new benchmark in beachfront living.
All-Suite Resort Talpe Heights offers premium residences along Sri Lanka’s Golden Mile
Kristall Spaces Lanka (Pvt) Ltd, affiliated with the Austrian award-winning Kristall Group, has officially launched All-Suite Resort Talpe Heights, a premium 56-unit luxury apartment development along Sri Lanka’s prestigious “Golden Mile,” adjacent to Dalawella Beach, Galle. Prices start from LKR 50 million (USD 162,615) for a fully furnished one-bedroom apartment with parking, making it a compelling investment for local and international buyers.
The project has received Board of Investment (BOI) approval and is strategically located between Unawatuna and Talpe, capitalizing on one of the country’s fastest-growing tourism corridors. According to recent data, Sri Lanka has experienced a 16.7% year-on-year increase in visitor arrivals, driving demand for high-end serviced residences with modern amenities and professional management.
All-Suite Resort Talpe Heights features a combination of one-, two-, and three-bedroom freehold apartments, each designed with ocean views, fully equipped kitchens, and contemporary interiors. Residents enjoy a private rooftop garden with a 25-meter sky pool, a landscaped garden pool complemented by an Italian bistro, and a signature restaurant with in-house spa services. Additional features include secure underground parking, 24-hour security, and concierge-style support, ensuring a premium lifestyle experience.
The developer’s Austrian associate, All-Suite Resorts, will manage the property post-completion, guaranteeing operational standards aligned with European hospitality benchmarks. Investors can anticipate combined annual returns of 13–20%, achieved through 5–10% capital growth and 8–10% rental income. Furthermore, the structured investment plan allows eligible buyers to apply for Sri Lanka’s ‘Golden Paradise’ long-term residence visas, adding an additional layer of appeal to the project.
Kristall Spaces’ expansion into Sri Lanka builds on more than 25 years of experience in residential and hospitality development across Europe, particularly in the Austrian Alps. The company has successfully delivered high-end resort properties and apartment-hotels in competitive tourism markets. “Our entry into Sri Lanka is guided by extensive experience in delivering luxury real estate in established European tourism hubs,” said Simon Atterbury, CEO of Kristall Spaces Lanka. “We see strong, data-backed demand for professionally managed residential and hospitality investments, and Sri Lanka’s economic trajectory makes this the right moment to commit long-term.”
The launch of All-Suite Resort Talpe Heights marks Kristall Spaces’ second project in Sri Lanka, with a third luxury apartment development already in the planning stage. The group has a clear 10-year development roadmap aimed at delivering 5,000 beds across multiple properties, supporting the country’s tourism objectives while offering investors secure, lifestyle-focused investment opportunities.
The project aligns with renewed confidence in the Sri Lankan property market, fueled by improving macroeconomic indicators, rising diaspora engagement, and a tourism rebound. By introducing structured ownership models, professional facility management, and reliable rental income mechanisms, Kristall Spaces positions All-Suite Resort Talpe Heights as a high-value investment in one of Sri Lanka’s most sought-after locations.
Kristall Spaces’ approach emphasizes operational excellence, investor security, and long-term growth potential. “Our operator-backed model provides investors with security, professional maintenance, and a structured pathway to maximize rental income,” added Atterbury. The development also aims to enhance local infrastructure and hospitality capacity, reinforcing the company’s commitment to sustainable growth and responsible tourism.
With oceanfront luxury, modern amenities, and robust financial projections, All-Suite Resort Talpe Heights offers investors an unmatched opportunity to secure a premium property along Sri Lanka’s Golden Mile. The combination of strategic location, professional management, and strong projected returns positions the development as a standout investment in the South Asian real estate market.