Havelock City reveals final stages of project
Havelock City Towers
Sri Lanka is now targeting ‘mega projects’ throughout the island in order to compete in the region, newly sworn in Senior Minister of International Monetary Co-operation, Dr. Sarath Amunugama said today while addressing a gathering at the opening of the first phase of the Havelock City project in Colombo.
After the end of the country’s 35 year bitter war and in order to strengthen the island’s economy, Dr. Amunugama said that Sri Lanka needed visionary investors to set the foundation for other foreign investors to follow. He also said that with the economic growth taking place, there is a big role for mega projects in the country like the Havelock City project which is expected to conclude in 36 months.
"Now we have Havelock City which once again creates a hallmark for mixed development projects. This is what Sri Lanka needs, a vision that is translated into reality. Today as we embark on a new era for Sri Lanka, where everything from stability, security, leadership and governance has fallen into place, we need visionary investors like Mr. S.P. Tao to set the foundation for other foreign investors to follow. He has proved to be a loyal friend to Sri Lanka. With the economic growth taking place, there is a big role for mega projects like this," Dr. Amunugama said.
Chairman of the Overseas Realty Company who is in charge of the Havelock City project, Mr. Tao addressing the gathering said that the peace Sri Lanka now experiences and the strong and stable government providing leadership for fast track development of the country is a strong signal for companies to realize that there is property development potential in the island.
“Havelock City is our primary focus. What we see now is a tremendous opportunity for urbanization of cities. I am conscious of the design and quality of the project along with the viability and profitability of the investment. I told my team, irrespective of cost I want it built within 36 months from now. This will be my legacy in Sri Lanka, if all goes well, may every day be a happy day,” a smiling Mr. Tao said.
Dr. Amunugama commended the hard work and faith of Mr. Tao and added that when he decided to invest in Sri Lanka with the World Trade Center, he set a benchmark for quality and standard never before seen in the property investment industry in Sri Lanka. Mr. Tao’s Shing Kwan Group based in Singapore, with a wide range of large real estate developments and investments in Singapore, China and Indonesia, is the majority investor of Overseas Realty.
Architectural firm ECADI (East China Architectural Design and Research Institute) who are based in Shanghai have designed the project.
Wednesday, 01st November, 2010
After the end of the country’s 35 year bitter war and in order to strengthen the island’s economy, Dr. Amunugama said that Sri Lanka needed visionary investors to set the foundation for other foreign investors to follow. He also said that with the economic growth taking place, there is a big role for mega projects in the country like the Havelock City project which is expected to conclude in 36 months.
"Now we have Havelock City which once again creates a hallmark for mixed development projects. This is what Sri Lanka needs, a vision that is translated into reality. Today as we embark on a new era for Sri Lanka, where everything from stability, security, leadership and governance has fallen into place, we need visionary investors like Mr. S.P. Tao to set the foundation for other foreign investors to follow. He has proved to be a loyal friend to Sri Lanka. With the economic growth taking place, there is a big role for mega projects like this," Dr. Amunugama said.
Chairman of the Overseas Realty Company who is in charge of the Havelock City project, Mr. Tao addressing the gathering said that the peace Sri Lanka now experiences and the strong and stable government providing leadership for fast track development of the country is a strong signal for companies to realize that there is property development potential in the island.
“Havelock City is our primary focus. What we see now is a tremendous opportunity for urbanization of cities. I am conscious of the design and quality of the project along with the viability and profitability of the investment. I told my team, irrespective of cost I want it built within 36 months from now. This will be my legacy in Sri Lanka, if all goes well, may every day be a happy day,” a smiling Mr. Tao said.
Dr. Amunugama commended the hard work and faith of Mr. Tao and added that when he decided to invest in Sri Lanka with the World Trade Center, he set a benchmark for quality and standard never before seen in the property investment industry in Sri Lanka. Mr. Tao’s Shing Kwan Group based in Singapore, with a wide range of large real estate developments and investments in Singapore, China and Indonesia, is the majority investor of Overseas Realty.
Architectural firm ECADI (East China Architectural Design and Research Institute) who are based in Shanghai have designed the project.
Wednesday, 01st November, 2010