Home / / Apartments back in demand says Trillium

Apartments back in demand says Trillium

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 2 February 2012 00:26


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.

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Industry 4.0, disruptive technology and MAS Matrix: An example for way forward in Sri Lanka

Monday, 16 September 2019

Technology has always been disruptive. When a new technology is introduced, it changes the way the humankind lives, behaves, earns, interacts and communicates. Some 10,000 years ago, when agriculture and animal breeding were domesticated through the

Radically reinvented reality: Relevance to Sri Lanka

Monday, 16 September 2019

I am delighted to be involved in the National HR Conference 2019, the largest HR event in South Asia. This time it is on the theme ‘Radically Reinvented Reality’. We need to take another look at the way we act institutionally and nationally, in u

Boeing in MAX-imum trouble

Monday, 16 September 2019

Boeing, America’s mighty aircraft manufacturer, is in deep trouble. The controversy surrounding the best-selling 737 MAX has refused to go away. The Federal Aviation Administration, the US aviation regulator, has spent over 110,000 hours addressing

Gotabaya Rajapaksa at Viyathmaga: Vision with an authoritarian zeal!

Monday, 16 September 2019

Gotabaya Rajapaksa has unveiled his national strategy or vision as a presidential candidate with an authoritarian zeal. This is clear from his Viyathmaga speech. He should be commended however for his fairly clear expression of views and objectives.

Columnists More