With rebound in economy and income in post-war Sri Lanka, demand for quality apartments are back says Trillium Residencies which has sold 80 units worth Rs. 1.4 billion last year and only 10 remaining up for grabs in its final wing.
Located in Elvitigala Mawatha, Trillium Residencies is one of the largest and most successful apartment projects in the country with the total value of project being Rs. 7 billion. The complex comprises 300 on four wings.
Out of 300 units, 290 apartments are already sold and 290 handed over to the respective owners. The 60-units consisting East Wing consists is due for delivery by end March 2012. The other completed wings are named Golf, Park and Sunset. “The fact that we successfully sold 80 units in the past one year raising Rs. 1.4 billion reaffirms the customer confidence level placed in this iconic project,” Trillium Residencies Chairman Janaka Ratnayake said.
He said that recent study done by KPMG has emphasised that the condominium market prices will grow more consistently even in the long term. “Clients making a wise decision by investing in a condominium project like Trillium will be sure to enjoy a return on investment of over 10%,” Ratnayake opined. The present rental for a furnished three bedroom is $ 1,700 per month at Trillium.
He said that Trillium is on demand as well as successful because it offers a total new lifestyle in a truly exclusive neighbourhood and not in a concrete jungle. Midst ample space and greenery, Trillium is inclusive of facilities such as the pool, gym, indoor badminton courts, jogging tract, mini market, restaurant, launderette etc. Finishes and layouts inside the apartments and common areas are also unique at Trillium.
Ratnayake said that as a responsible developer Trillium takes care of the apartments by giving very good after sales service. Even going a step further, we will be managing client’s property right throughout be it renting, re-selling or maintenance through our new arm Trillium Property Management Ltd., which provide total condominium solutions,” he added.