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.
source - www.dailynews.lk
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