{"id":44306,"date":"2017-02-16T11:32:30","date_gmt":"2017-02-16T04:32:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sri-lankas-first-ever-7-star-luxury-apartment-complex-is-underway\/"},"modified":"2017-02-16T11:34:31","modified_gmt":"2017-02-16T04:34:31","slug":"sri-lankas-first-ever-7-star-luxury-apartment-complex-is-underway","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sri-lankas-first-ever-7-star-luxury-apartment-complex-is-underway\/","title":{"rendered":"Sri Lanka\u2019s first ever 7-star luxury apartment complex is underway"},"content":{"rendered":"


\nA significant addition to the Colombo skyline
\nTalk about room with a view. Image: achilleion.lk
\nConstruction for Sri Lanka\u2019s first ever 7-star luxury apartment complex is now underway, with the first bricks being laid in January.
\nNamed 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\u2019s first-ever sky bridge, writes Lanka Business Online.
\nThere 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.
\nMore: Young Sri Lankans are abandoning tradition and leaving home
\nThe 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.
\n\u201cAchilleon 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,\u201d said Blue Mountain Group Chairman Dr. Hiran Hettiarachchi, adding that 50 percent of the units have already been sold.
\nHettiarachchi 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.
\nRead next: Sri Lanka withdraws freehold land offer to Chinese developers
\n
\nSource : property-report.com
\nRead more…Sri Lanka\u2019s first ever 7-star luxury apartment complex is underway<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A significant addition to the Colombo skyline Talk about room with a view. Image: achilleion.lk...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-44306","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bwC","jetpack-related-posts":[{"id":3542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-sri-lankas-commercial-capital-ready-to-welcome-overseas-investors\/","url_meta":{"origin":44306,"position":0},"title":"Is Sri Lanka\u2019s commercial capital ready to welcome overseas investors?","date":"February 3, 2016","format":false,"excerpt":"\r Colombo\u00a0has strong economic growth, improving infrastructure and an increase in tourist arrivals Temple in Colombo, Sri Lanka Post-war Sri Lanka has created the perfect storm for intrepid property investors with its capital city, Colombo, seen as having the potential to be South Asia\u2019s hub for real estate investment, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Temple-in-Colombo-Sri-Lanka.jpg?fit=740%2C493&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":114752,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-taming-of-sri-lankas-top-end-housing-market\/","url_meta":{"origin":44306,"position":1},"title":"The taming of Sri Lanka\u2019s top-end housing market","date":"March 6, 2020","format":false,"excerpt":"\r Slow economic growth and an excess of prime property have hit Colombo hard\r \r Source : ft.com\r Read more...The taming of Sri Lanka\u2019s top-end housing market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21939,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sri-lanka-withdraws-freehold-land-offer-to-chinese-developers\/","url_meta":{"origin":44306,"position":2},"title":"Sri Lanka withdraws freehold land offer to Chinese developers","date":"August 4, 2016","format":false,"excerpt":"\r China\u2019s grand plans for Colombo\u2019s port continue, but only with a 99 year lease Congested Colombo is home to 650,000 people. Image credit: Sammu (Flickr) Sri Lanka announced this week that permission for a Chinese company to buy 20 hectares of reclaimed land alongside the port in Colombo as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sri-lankans-are-leaving-their-ancestral-homes-for-properties-of-their-own\/","url_meta":{"origin":44306,"position":3},"title":"Sri Lankans are leaving their ancestral homes for properties of their own","date":"October 7, 2016","format":false,"excerpt":"\r Thousands of units to crowd the residential market in four years Building of Cargills Ceylon PLC and HSBC in Colombo. 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