Sri Lanka’s first ever 7-star luxury apartment complex is underway
Sri Lanka’s first ever 7-star luxury apartment complex is underway
A significant addition to the Colombo skyline
Construction for Sri Lanka’s first ever 7-star luxury apartment complex is now underway, with the first bricks laid in January.
Named Achilleion, the LKR30 billion (USD199 million) development will be situated on Station Road in Colombo, and will comprise of two 50-storey skyscrapers which will be connected by Sri Lanka’s first-ever sky bridge, writes Lanka Business Online.
There will be 618 luxurious apartments and a collection of penthouses looking over the sea. The complex also includes a mini-Cineplex and a 24-our medical centre.
More: Young Sri Lankans are abandoning tradition and leaving home
The project, which is scheduled for completion in 2020, is being built by Sri Lankan real estate firm Blue Mountain, with Singaporean architectural firm Palmer & Turner. Interiors are being designed by Index Design of Singapore.
“Achilleon is an important milestone project for the Blue Mountain Group as it is of a substantial scale and will truly showcase our ability to deliver global levels of excellence in design, construction and property development,” said Blue Mountain Group Chairman Dr. Hiran Hettiarachchi, adding that 50 percent of the units have already been sold.
Hettiarachchi puts the healthy sales down to savvy investors recognising the potential for significant ROI, with up to 30 percent increase on unit price being predicted for two or three years time.
Read next: Sri Lanka withdraws freehold land offer to Chinese developers
Source: Property Report