Word leaked
out almost three weeks ago that the John Keells group was planning to launch its third residential apartment complex at Union Place, Colombo 2 following the success of two other projects on the grounds of the Cinnamon Grand Hotel."There was a clamor of interest and people came round and put their names down," a senior JKH executive said yesterday. "The pricing is very attractive." The new complex which the
developers describe as "mega luxury" is estimated to cost over US$ 65 million with its 475 apartments being priced from between Rs.14 million for a two-bed roomed unit at the lower levels to Rs.37 million for a three-bed roomed apartment at the highest level.JKH which signed an agreement last week with the BOI for this project named "OnThree20" said construction will begin in April 2011 and is scheduled for completion by the end of 2014.
The Emperor, the second residential complex that is now being constructed on the Cinnamon Grand property, is due for completion in 2012. Apartments there have almost been fully sold.
As buyers put up the cash for their apartments while building work proceed, the cost of construction is not a drain on the developer’s resources.
The Union Place property on which the newest project will rise was acquired by JKH in the 1980s at a fraction of today’s value and has been held by the company over a long period of time.
The headquarters of Singer (Sri Lanka) is located in the buildings standing on the site which will most likely be demolished.
Related Info:
Sri Lanka JKH Plans Rs 6.5bn Condo Project in Colombo's Union Place
Luxury apartment is a good choice for an elegant lifestyle.
ReplyDeleteWhat a great choice to live in a luxury apartment for it does not only give you the beauty of the apartment itself but also the pleasures of life from home material needs to services that will pamper you each day. It's good that searching for it is just a click away.
ReplyDeleteNice post.
ReplyDeleteLuxury apartment gives a feeling of comfort and elegance that would touch the inner feeling of satisfaction inside you. Its style and class would bring you a perfect refuge at the end of each tiring day.
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ReplyDeleteAs a buyer i shall need a detailed price list of this apartment.could any one give me an idea to get the prices.
ReplyDeletehmmmmmmmmmm good post, thanks
ReplyDeleteAnnonymous
ReplyDeleteHave seen the apartments at The Emperor! Looks beautiful, costly but how long are they going to last?
That's the question. Don't they give any guaraneets on the Build Quality?
ReplyDelete