Blue Ocean Residencies to expand

Apartments being constructed by Blue Ocean Residencies in the suburbs of Colombo will be ready for occupation next year.

The company is to commence similar constructions in several other prominent towns next year.

Blue Ocean Group of Companies, Chairman S. Thumilan said, "Where owners now experience higher appreciation of property values, the credit is due to the Government for implementing favourable policies towards the growth of the economy and in turn increase the demand for property."

"We are passionate about creating wealth for our customers through property. With enhanced rental income and appreciation in property value for owners, the policies also help long-stay foreigners to find affordable rental apartments," he said.

"In comparison with market standards our construction professionals are capable of contributing to real value, through their competency and experience," said Thumilan.

"The Group attributes its success to the solid strategic direction devised by qualified and experienced corporate planners and transparent professionalism."

"As our customer base expands locally and globally we at Blue Ocean Group have a strong vision to be the most respected, ethically sound and socially responsible company and I trust this vision will prevail through our achievements, whilst we will also continue to focus on acquisitions and mergers and strategic partnerships as a part of the overall strategic intent," said Thumilan.