The view from the hilltop over coconut forest and paddy fields

VIVEKA

විවේකAhangama · Sri Lanka

Own a villa on the highest hilltop of Ahangama

Twenty-eight mirror villas with private pools above Sri Lanka's south coast, between Galle and Mirissa. Fully managed and rented to guests, with nights kept for you.

28private villas
€126,438from, First Release
13–15%projected net yield
Why invest

A rare hilltop on Sri Lanka's south coast

The south coast between Galle and Mirissa is one of the most visited stretches of Sri Lanka. Ahangama is its surf and boutique heart. Viveka takes the highest ground above it.

LocationThe highest hilltop around AhangamaFive acres with open views over paddies and coconut forest, 6 km from the beach and 20 km from Galle Fort.
Scarcity28 villas on five acresOne summit, one resort, every villa with its own view and private pool. No apartment blocks, no shared walls.
Income13.1–15.1% projected net yieldAt First Release prices, in the stable year, from guest rentals at €190–420 a night.
Hands-offFully managedViveka markets, books, cleans and maintains your villa. You receive 50% of net room revenue, every quarter.
Use14 nights a year are yoursStay in your own villa, with the pool, the summit restaurant and the team at your service.
EntryFrom €126,438First Release buyers pay 15% below list. A 30% deposit, held in escrow until handover.
The name

A word that means rest, and stepping out of the world

විවේක
vi · vē · ka  —  Sinhala and Pali

On Sri Lanka's south coast the word is everyday Sinhala: vivēkaya is your free time, the hour you rest. In the Pali of the island's forest monasteries it is older and deeper: the seclusion a monk seeks when he leaves the village for the trees, so the mind can settle and clear.

Sinhala

Rest

A long breakfast at your own pool, an afternoon with nothing in it, a night without an alarm.

Kāya-viveka

Seclusion of the body

A hilltop above the paddies, far from the road. Phones go into a locker at the gate if you want them to.

Citta-viveka

A quiet, clear mind

Mirror glass turns the villa into forest. From inside you see only green, sky and the valley; nobody sees in.

Respect

For the land

The forest-hermitage tradition built small and lightly among the trees. We follow it.

No big trees felledVillas sit between the coconut palms and the older trees, raised lightly above the ground.
Mirrors give the forest backOne-way mirror glass reflects the canopy, so from the valley the hill still looks like a hill.
Sun, rain and shadeSolar power, rainwater tanks, treated grey water for the garden, villas turned away from the afternoon sun.
A local teamHosts, chefs and therapists from Ahangama and the villages around the hill.
The location

The highest hilltop around Ahangama

Five acres of coconut palms, young forest and wild scrub on a crown of land in Kodagoda, inland from Ahangama. From the top you look out over paddy fields and coconut forest to the hills on the horizon, in almost every direction.

Down the hill: the surf breaks, cafés and beach clubs of Ahangama and Midigama, Galle Fort's UNESCO old town 20 km west, Weligama and Mirissa a short drive east. Colombo's international airport is about two and a half hours away by the Southern Expressway.

A mirror villa among the scrub on the hilltop, reflecting the forest, with the valley and paddy fields behind
Photomontage: a Mirror Cube placed in a photo taken on the land, October 2026. Design indicative.
800perches · 5 acres · 2.0 ha (survey plan No. 516)
≈ 200 × 175 mirregular five-sided lot, highest point near the middle
6 kminland from Ahangama beach, 20 km east of Galle Fort (straight line)
6.0149° N80.3983° E · Kodagoda, Galle District · paved road to the gate
View from the hilltop over coconut forest and paddies under monsoon clouds
Young trees and scrub on the land with the valley behind
A rock pool among ferns on the land
Paddy fields seen from the hill

The land today: photos and video taken on site, October 2026. The rock pool sits among ferns on the slope.

The plot

Lot 11/17 of the old Kodagoda Estate

The survey plan (No. 516, 1965) gives the extent as 5 acres, 0 roods, 0 perches: an irregular plot of about 200 by 175 metres, with wire-and-live fences on its boundaries. The hilltop sits near its centre, so the land falls away on every side and each villa can face its own view.

A new topographic survey and a view study from every villa position are part of the due diligence before reservations open.

The villas

Four mirror villas, each with its own pool

Every villa is a pavilion of one-way mirror glass on the hillside: you look out at forest, paddies and sky, and nobody looks in. A glass end frames the view and a private plunge pool sits on its own deck. Four types, from a retreat for two to a pavilion for four.

Building the hill…
Drag to orbit · scroll or pinch to zoom

Mirror Cube

One room and a bath, the glass end on the view.

Interior
Sleeps
Private pool
Rate per night, 2028
List price
First Release, −15%
Deck
Owner yield, list / First Release
Owner payback
Twin Pavilion: two mirror boxes on a deck among the scrub, paddy fields in the distance
A Mirror Cube glowing at dusk on the hilltop, deck lights on, the valley dark below

Photomontages on photos taken on the land: a Twin Pavilion by day, a Mirror Cube at dusk. Design indicative.

Concept site plan

A summit for everyone, a slope for each villa

The highest point is shared: a summit pavilion with the restaurant, bar and an infinity pool that looks out on every side. The villas sit lower on the slopes in a loose ring, each turned to its own view, far enough apart that you see trees, not neighbours.

    Concept layout on the outline of survey plan No. 516, before the topographic survey. Positions will move with the contours.

    What guests pay for

    Leave the world at the gate

    A host for every few villas and a day that asks nothing of you. This is the stay that fills the villas, and the one you enjoy on your own nights. Surf, cafés and the beach are twenty minutes away.

    06:10Sunrise on the summitYoga or just tea on the deck as the mist lifts off the paddies.
    08:30Breakfast at your poolKing coconut, hoppers, fruit from the land, brought down to your deck.
    11:00NothingRead, swim, sleep. No screens unless you ask for one.
    16:00Ahangama or the spaA tuk-tuk to the surf breaks, or an Ayurvedic treatment on the hill.
    19:30Dinner and the starsRice and curry at the summit, then a night sky without city light.
    Returns

    Projected returns per villa

    Owners receive 50% of net room revenue, after booking commission and housekeeping, less a fixed annual service fee. Figures for the stable third year of operation (2030) at 66% occupancy.

    VillaVillasRate / nightList priceFirst ReleaseOwner income / yrNet yield, listNet yield, First ReleasePayback
    Mirror Cube · 26 m²14€190€148,750€126,438€16,77011.3%13.3%8.5 yrs
    Cantilever Suite · 34 m²6€290€233,750€198,688€26,69011.4%13.4%8.4 yrs
    Canopy Loft · 38 m²4€260€212,500€180,625€23,60011.1%13.1%8.7 yrs
    Twin Pavilion · 58 m²4€420€310,250€263,713€39,93012.9%15.1%7.6 yrs

    Projections from the Viveka business model: 2028 room rates rising 4% a year, costs rising 5%, 15% booking commission, occupancy 50% in 2028, 60% in 2029 and 66% from 2030. Payback counts the ramp-up year. Projections, not a guaranteed return.

    The project as a whole

    €4.5Mtotal investment, land to opening
    €2.4Mrevenue in the stable year
    €1.0MEBITDA in the stable year, 42% margin
    24%project IRR over ten years, 5.3-year payback
    Ownership

    How owning works

    1. 01
      Pre-register. No obligation. You receive the First Release price list, plans and villa positions before anyone else.
    2. 02
      Reserve and sign. 30% deposit, held in escrow until handover.
    3. 03
      Handover. Phase one opens December 2027; the balance is due when your villa is handed over.
    4. 04
      Fully managed. Marketing, bookings, housekeeping and maintenance, for a fixed annual service fee.
    5. 05
      Earn and stay. 50% of net room revenue, paid quarterly, and up to 14 nights a year for yourself.

    What you own

    A long lease of up to 99 years on your villa and its plot, held through a Sri Lankan company, together with a management and rental agreement with Viveka. Foreign buyers cannot hold freehold land in Sri Lanka, so this is the usual route for international owners; the final structure is set with Sri Lankan counsel before reservations open.

    You can sell your villa, with its lease and rental agreement, to a new owner.

    Questions about the structure: bart@sprintsandsneakers.com

    Q4 2026Land and designPurchase, topographic survey, concept design.
    Q1 2027Permits and show villaApprovals, and a show villa on the hill to visit.
    Q2–Q4 2027Phase oneSummit pavilion and the first 14 villas.
    Dec 2027First guestsSoft opening for the season.
    2028Phase twoThe remaining 14 villas and the spa.
    First Release

    Pre-register

    Be first to see the plans, the price list and the villa positions. First Release buyers pay 15% below list. Pre-registering is free and you can withdraw at any time.

    Questions: bart@sprintsandsneakers.com · +31 6 1034 8679