Keen interest to purchase apartments now
Havelock City records 300 percent increase:
Indunil Hewage
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The Havelock City project sees marked increase in sales |
Sri Lankan expatriates have shown keen interest to purchase luxury
and semi-luxury apartments in the country in the past year. Most of
these expatriates have realized the importance of investing in
apartments as the prices of land and apartments are rising at an
unprecedented rate.
Havelock City, one of the leading residential projects in the country
plans to build a shopping mall and a clubhouse within the Havelock City
premises before the end of this year.
Overseas Realty Manager Mario Stubbs said sales within the Havelock
City apartments have recorded 300 percent increase up to now.
Stubbs said the global demand for luxury and semi-luxury apartments
had decreased in the face of the economic recession. However, the
housing industry in the country was not hit hard by the global economic
turmoil. The decrease in mortgage rates in the country has increased the
demand for housing apartments. However, most of the customers are
purchasing luxury and semi-luxury apartments paying cash.
The extent of Havelock City project is 19 acres and consists of
various facilities such as luxury apartments, supermarkets, and
restaurants. Havelock City consists of two apartment towers and these
towers consist of 226 apartments each. |
