Sanken Unveils The Landmark Project In Colombo City
Capitol TwinPeaks is another successful project by the Sanken Group The mixed development features twin towers with 475 luxury apartments and 40,000 sq.ft of facilities and amenities for residents to live, work and play
The entrance level at the complex offers commercial services for all aspects of day-to-day living, while level 50 hosts an international standard of lounges and dining options. All residents have access to a fully- serviced clubhouse on level 8, which offers a wide range of facilities and amenities including a function room with capacity for up to 250 guests.
Located in the central business district, TwinPeaks is neighboring leading hospitals and is in close proximity to schools, places of worship, dining options, entertainment, tourist attractions, malls, cinemas, the Galle Face Esplanade and Beira lake. Colombo Port
City, another key location that is expected to attract large foreign investment to
Sri Lanka, is 2KM from TwinPeaks. The lifestyle experience at Capitol TwinPeaks is far beyond other projects in the area and the futuristic development concept positions it as one of the most lucrative investment options today.
Sanken, a homegrown giant in construction and property development, is responsible for the majority of high-rises in Sri Lanka. Maintaining operations for over 40 years in 09 countries and 3 continents, Sanken thrives on their experience and exposure. Sanken’s credibility and successful track record continues to win the confidence of investors and while there are many one-time developments coming up today, the competition for Sanken is far and wide.
Apartment handover at Sanken’s flagship project Capitol TwinPeaks started in December 2021 and the Complex will be ready for occupation.
It is common knowledge that investing in property is a great way to beat rising inflation and the asset value appreciates over time. While construction costs and property prices have significantly gone up since the COVID 19 pandemic, the Sanken Group has done well to maintain costs and the last price adjustment for apartments at TwinPeaks was in December 2018. This is a massive advantage for current investors as capital appreciation within the city limits has averaged at minimum 7% year-on-year. Many investors have identified the opportunity at Capitol TwinPeaks and the project has seen strong demand over the past 12 months.
Sanken Construction Managing Director Ranjith Gunatilleke stated: “This project has been completed today, with the value of materials and labouras per the last 3 or 4 years. If you develop a similar project tomorrow,in the current economic situation the cost of the apartments will be at least 50% more than prices at Capitol TwinPeaks. And this is another key reason why Capitol TwinPeaks is a great investment opportunity today.”
The last few apartments are now available for sale.