808 Regency sells impressive 52% of its Inventory
808 Regency has sold an impressive 52% of its inventory in just one month. This milestone underscores the project’s exceptional investment potential, superior product quality and competitive pricing.
Starting at Rs. 29 million, 808 Regency offers a range of options tailored to various preferences and budgets. Notably, the 2-bedroom units have emerged as the fastest-selling inventory, prompting intrigue into the factors driving this trend. Price competitiveness, unmatched amenities and an enticing per-square-foot rate all contribute to the heightened interest.
Catering to a diverse clientele, 808 Regency has become a hotspot for investment-savvy individuals. With diminishing Fixed Deposit rates in banks, clients are gravitating towards property investments for their superior returns. This development has attracted a mix of professionals seeking a residential haven and astute businessmen focused on growing their portfolios.
MD, A & A International Anshal Ambawatta stated: “Since its launch, 808 Regency has witnessed an extraordinary response from discerning buyers. Client feedback consistently highlights that the finishes exceed market standards for this price range, underscoring our commitment to quality and value. The first month of sales has been nothing short of overwhelming, a testament to the project’s compelling appeal. While demand has been high, we are pleased to announce that a limited number of units are still available for those keen on seizing this unparalleled investment opportunity.”
One significant advantage post-purchase is the potential for capital gains. The completion of the project allows immediate income generation through rentals, mitigating risks associated with off-plan investments.
Construction at 808 Regency is progressing at an accelerated pace, and the project is poised for timely delivery by January 2024.
Monarch Regency Pvt Ltd has partnered with Sanken Lanka, a renowned name in the industry for piling and construction; whilst MEP aspects are under the purview of Haritha Consultants (Pvt) Ltd, known for their expertise in this field.
In addition to offering an exceptional living experience, 808 Regency presents a promising investment opportunity. The property is expected to witness 12 – 15% capital growth per annum, ensuring favourable returns for investors.
Furthermore, the projected annual rental yields are forecasted at approx. LKR 1.2 million to 1.4 million for 1 bedroom units, LKR 1.8 million to LKR 2.1 million for 2 bedroom units, and LKR 2.4 million to LKR 2.7 million for 3 bedroom units, making it an attractive option for those seeking an income-generating asset.
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