Trillium launches two apartment projects

The real estate market has appreciated at an average rate of 10-15 percent per annum in Colombo and the suburbs. In the real estate business one deals with tangible products such as lands, houses and apartments.

The prices of land and property are continuously appreciating in Sri Lanka, Chairman, Trillium Property Management and Services, Janaka Ratnayake said at the launch of two housing projects with an investment of Rs 1 billion - Trillium in Colombo 7 and Trillium Villas at Melder Place, Nugegoda.

He said that the positive economic outlook and the low interest rate regime has motivated people to move towards diverse forms of investments which include equities, Treasury Bills, forex and real estate.

"All these investments involve a certain degree of risk, especially, in the stock market and forex which depends on many variables. Therefore, real estate has become the most reliable investment," he said.

The real estate market has appreciated and there is an increasing trend in apartment living.

Many high-rise apartments are being built to cater to this need and it is also the safest and reliable option available for investment, he said, adding that today the Trillium brand has been one of the most sought after names in the property development business.

 - SJ