Havelock City sells 25% apartments of Phase 2
Havelock City launched the sale of its phase 2 residential apartments
in February this year. Phase 1 apartments are already in occupation.
"Sales of apartments have been very encouraging.
We have already sold 25 percent of the apartments," said Senior Sales
Manager Havelock City, Nirupa Peiris.
The current economic boom and political stability in the country has
helped boost interest in the project by overseas clients and local
Phase 2 comprises two more towers, Layard's and Davidson with a total
of 225 apartments. The two towers with 22 levels each, promises stunning
views of the city and the sea on completion, and will include a
combination of two, three, and four bedroom apartments as well as
The entire Havelock City project on completion will have a six acre
elevated roof garden and a Clubhouse surrounded by eight residential
The Clubhouse will be one of the largest in the country, providing a
range of recreation and leisure facilities. The garden itself will be
one of the largest of its kind in South Asia and a singular attraction
of this development, virtually bringing a 'park' to the doorstep of the
residents of Havelock City.
Havelock City will also have the country's largest and most modern
shopping mall with two large office towers.
The project partners are Overseas Realty (Ceylon) PLC and the Bank of
Ceylon. BoC's equity contribution to the project was the 13 acre
freehold land it owned.
This site, valued at market, was matched by Overseas Realty bringing
in project funding in the form of foreign investment, together with
extensive expertise in real estate development in the Asian region and
The additional land of five acres for the project was purchased
directly by the Company.