Trillium Property Management to invest Rs 1 bn on two projects

[stocks hunterTop contributor]

Trillium Property Management & Services (Pvt) Ltd would invest over Rs one billion to launch two mixed development properties in Colombo 7 and Nugegoda.

Trillium Colombo 7 is a Super Luxury Apartment Complex comprising of 20 units including two penthouse apartments on the rooftop with an infinity swimming pool and a fully quipped gym.

The completion of the total project would be in 18 months. The Melda place Nugegoda project would consist of eight exclusive single villa houses with modern luxury.

Trillium also introduced a new payment scheme for its customers to guarantee that investment will have a 10% rate of return during the construction period of 18 months with money back guarantee for the apartment. “With an average inflation rate of 10-15% in the Real Estate market in Colombo and the suburbs, land and property prices have been incessantly rising after the war period of 30 years. Due to this reason, there is significant growing in the trend of apartment-living and therefore, large numbers of apartments are built to feed the customer needs,” said Chairman Trillium Property Management & Services (Pvt) Ltd., Janaka Ratnayake at the recent launch of the newest Trillium Apartment Complex, at Cinnamon Grand Hotel Colombo.

Due to this positive economic viewpoint and the low interest regime, individuals have been motivated to invest in large and risky ventures such as equities, treasuries, forex market and real estate markets. “Due to this we too see a demand for our apartments.”

www.dailynews.lk

[stocks hunterTop contributor]

Trillium launches super luxury apartments at Col -7

Trillium Colombo 7, a super luxury apartment complex under the Trillium brand will be developed in a very prestigious location in Torrington Avenue Colombo 7. The complex will consist of 18 stylish super luxury 3-bedroom apartments ranging from 1500 sq ft to 1800 sq ft and two 3000 sq ft penthouses with an infinity swimming pool and a state-of-the-art Gymnasium on the roof top, the developers said.

Signature features of popular Trillium Brand will be incorporated into this up market project.

Trillium says it is a leading property developer with over 30 years of experience in all facets of property development such as designing, quality construction, project management, project administration, legal services, etc. Its current portfolio includes the well known Trillium Residencies in Colombo with many other luxury housing projects such as Eden Garden, Mattegoda and other exclusive plots of developed land.

The apartment prices are range from Rs. 35 million to Rs. 46 million, depending on the level of return and the square area of the apartment with a minimum guaranteed return of 10 per cent spread over 18 months.

www.sundaytimes.lk

[stocks hunterTop contributor]

Only very few knows the that trillium residencies is owned by the listed company CHOU. This company is slowly but steadily comming out of woods now. The prevailing low interest rate scenario will help them to sell their properties through bank's housing loans in future. CHOU will have a better future than MHDL in future.

[rainmaker]

Only very few knows the that trillium residencies is owned by the listed company CHOU. This company is slowly but steadily comming out of woods now. The prevailing low interest rate scenario will help them to sell their properties through bank's housing loans in future. CHOU will have a better future than MHDL in future.

Ceylinco Investment Company .....

[stocks hunterTop contributor]

rainmaker,

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It's a subsidiary of CHOU.

[NuinthTop contributor]

Thx for sharing SH.

Yes, with the low interest regime property developing company will appreciate much in future. Housing market demand will increase when bank drop their interest rate.

Not only CHOU, according to the AR MHDL, KDL also already started their housing project.

Good luck.