SL Bureau
The Shing Kwan Group is well-known in Sri Lanka for the development of the World Trade Centre in Colombo , through its Sri Lankan company, Overseas Realty (Ceylon) Ltd.
The new project will be developed under the leadership of Mireka Capital Land, a new joint venture between Singapore’s Shing Kwan Group and the Bank of Ceylon.
Total investment is around US $150 million on a 60/40 basis. Spry and energetic as always, Tao used the brand new shovel handed to him with dexterity, and after the ground breaking ceremony said that he was proud to promote this unique project which will be a benchmark for the entire property development industry in Sri Lanka.
Havelock City will offer visitors and corporate clients a plethora of facilities including a 300-room business hotel, 200 units of serviced apartments, 1,080 condominium housing units, commercial sites, restaurants, swimming pools, tennis and squash courts, gymnasiums and multi-function rooms.
The hotel and serviced residence tower commands an uninterrupted scenic view of the city with the hotel starting from the fifth level and the serviced residences, which will cater to long staying guests, being located on the higher levels.
The entire project is expected to be complete by the end of 2006.
“Our objective is to create a living environment that gives Colombo something unique like we did with the World Trade Center,” said Tao……
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