Sapphire Residences get interest from local and foreign HNWI sportsmen
Sapphire Residences, a collaboration between ITC Ltd India and Welcome Hotels Lanka (Pvt) Ltd has garnered much interest from many High Net Worth Individuals (HNWI) personalities, amongst them local and foreign sportsmen, officials said.
An exclusive collection of 132 apartments with two to five bedrooms, including four penthouses (nearly 9,000 sq ft), it is a part of a mixed use development project of two tall towers on the Galle Face road. The high-end residential apartments are in a 224-metre tall tower with a five- star hotel of 350 keys in another tower of 140 metres height.
The ITC One hotel and Sapphire Residences project has a unique feature of a Sky Bridge with a swimming pool at 100-metres height between the residential and the hotel tower. The construction work in the project is now in progress and completion along with the show apartments.
Officials noted to the Business Times on a recent tour of Sapphire Residences that among those interested are ultra HNWI. They added that many local and resident expats along with Lankan resident individuals worldwide are inquiring about Sapphire as it has the unique proposition with the development of the Colombo Port City which would bring in added value. "Most of the high end clientele to Sapphire Residences - as much as 60 per cent - of buyers would be from Sri Lanka, 20 per cent from the diaspora and the rest from Dubai, Singapore, China and India," an official told the Business Times. He said among the buyers are local and foreign sportsmen.
Scheduled for completion in 2020, the development is located on the elegant Galle Face Green stretch in the ceremonial heart of Colombo. Serviced from a dedicated central control panel in each residence, the system can also be controlled and managed from a tablet or mobile phone and voice recognition equipment can be integrated with the room controls and AV systems, allowing a superlative digitally controlled home automation experience. Officials said that luxury vertical residential living in Sri Lanka is much coveted by HNWI vying for a hassle free, convenience and efficiency. (DEC)