Capitol TwinPeaks model apartment now open
September 22, 2017 – Capitol Developers, the company developing the iconic Capitol TwinPeaks, has unveiled its model apartment to the public for viewing.
Staying true to its impeccable track record of delivering projects on time to delight its valuable customers, the construction of the iconic Capitol TwinPeaks is continuing at a rapid pace, well ahead of schedule. The company’s customer-centricity is evident in the fact that the company delivers its promise of handing over projects in a timely manner to investors so that they can gain expected returns from their investment in Capitol TwinPeaks as planned.
Scheduled to be ready for occupation by end-2020, Capitol TwinPeaks is envisioned as an iconic project consisting of 400 plus apartments featuring two, three, four and five bedrooms at its strategic location at No. 24, Staple Street, Colombo 2.
One of Colombo’s most central apartment blocks, it is located in what’s to be the trendiest neighbourhood in 2020, in proximity to prestigious shopping malls and other conveniences, in addition to a beautiful entry point with the lake frontage of the Beira Lake. The rapid development of Capitol TwinPeaks and other mega infrastructure projects in the surrounding area is driving real estate prices up in the vicinity, rendering Capitol TwinPeaks a highly lucrative project for the most discerning investor.
Apart from considering the location, the partners in the project are a key consideration of a prospective investment property. Capitol Developers is a member of the renowned construction giant, the Sanken Group. In fact, all properties developed by Capitol Developers have been contracted to Sanken Construction Ltd., the most trusted name in the construction industry, which guarantees timely delivery of the apartments to buyers along with the hallmark construction quality of the Sanken brand. Sanken has a reliable track record in world-class quality construction, being responsible for 80% of Colombo’s skyline, which makes this project a highly stable investment.
Considering the prime location and international luxury standards the project promises, Capitol TwinPeaks is widely expected to pull in an even higher yield in rentals once complete. The investments in the Sri Lankan real estate market are comparatively more lucrative and profitable in comparison to other emerging real estate markets of Asia. Furthermore, the entry of international hotel, shopping and resort chains in Colombo will complete the transformation of the capital into a cosmopolitan hotspot for travel and tourism.
Recently completed projects by Capitol Developers, namely Capitol 7 and Capitol Elite, have witnessed approximately 75% capital appreciation from the time of booking until completion. Considering the upscale Capitol TwinPeaks project, customers can expect around the same appreciation of their investment, if not greater, once it is completed by end-2020.
Other high value mega infrastructure projects too are expected to mushroom in the vicinity as will the Light Rail Transport system, the first of its kind in Sri Lanka, all of which will drive real estate capital appreciation in and around Capitol TwinPeaks to new highs.
The project will also appeal to the new lifestyle trend of luxury condominium living amongst young couples and expatriates, who desire to make a lifestyle choice to live in the city, coupled with growing interest from foreign investors, buyers and expatriates. Capitol TwinPeaks is the ultimate in luxury living and the most happening destination for those seeking the ultimate luxury lifestyle.