Iconic Galaxy sells 50% of its apartments
View(s):Iconic Developments says that they sold 50 per cent of their apartments at the soon to be completed, housing project, Iconic Galaxy.
Located in the prime of Rajagiriya’s upscale locality, the sale of half of the 261 apartments, within a span of 14 months has been the developer’s highest in the quarter, beating demand slowdown in the real estate market, a media release by the company said.
“We are delighted with the interest shown in these apartments and the sales are extremely encouraging. Iconic Galaxy apartments offers buyers the unique opportunity to live in one of the best new build developments in Rajagiriya’s,” Pranav Desai, Executive Director Iconic Developments was quoted as saying.
There is a demand for high quality, well-designed and spacious residential property, he has said noting that they spotted the potential of this area when they first began working on Iconic 110, Parliament Road, which is rapidly becoming one of the capital’s most desirable locations.
A company official told Business Times that 30 per cent of the units were bought by Sri Lankan expatriates and only one foreigner, a Chinese national had bought one apartment.
He said that locals bought the rest. “This has been a very strong quarter for us,” Mr. Desai has elaborated saying that sales have grown tremendously from the same quarter of last year, adding that the company has been able to achieve healthy sales because of a strong focus on project execution along with partners MAGA Engineering.
Iconic Galaxy project will be completed by the end of November 2021 and its home loan options are available with several leading banks in Sri Lanka, the release noted.
“We are strongly focused on delivery, which is a critical reason why customers are happy and investing in our project,” Mr. Desai has said, adding that the overall focus on execution is also helping in employment generation.
“We believe that a quality product is always appreciated and the unprecedented sales of our apartments are testament to that mantra,” he has said.
Iconic Galaxy, accessible from two roads in Rajagiriya and perched on the trunk route of Buthgamuwa Road, will have 272, super-luxury, two three and four bed-roomed apartments amidst a plethora of world class amenities and services to compliment the lifestyles of the buyers. Iconic Galaxy, spread in an area of a little over 2 acres of land (over 87,000 square feet), offers customers all the trappings of high-end living at an affordable prices, according to the release.