808 Regency show apartment
808 Regency Kotte exterior view
Monarch Regency (Pvt.) Ltd, the real estate development arm of Monarch Imperial (Pvt.) Ltd, recently announced the launch of 808 Regency, an exquisite residential apartment building designed to meet the needs of discerning home buyers and astute investors.
This development offers a unique opportunity for individuals seeking a premier living experience in the fast-developing area of Kotte.
With 48 units in total, 808 Regency provides a range of exclusive, spacious and elegant apartments. Prospective residents can choose from a selection of one-bedroom (starting at Rs.21 million), two-bedroom (starting at Rs.29 million) and three-bedroom (starting at Rs.44 million) units, ranging from 644 square feet to 1,424 square feet.
Commenting on the proposition and strategic location of 808 Regency, Monarch Regency (Pvt.) Ltd Financial Controller Udara Illeperuma stated, “Kotte is on the cusp of transforming into a bustling hub for business and administration with plans for development and relocation of certain government administrative functions. The prime location of 808 Regency, in close proximity to Colombo and serving as a central point to numerous other suburbs, offers residents convenient access to all the amenities and attractions of the capital city. As the area experiences rapid growth and development, 808 Regency becomes an ideal choice for individuals seeking to establish a comfortable and vibrant lifestyle in a thriving environment. We invite individuals from across the nation, particularly first-time home buyers and property investors, to explore the remarkable offerings of 808 Regency through our real estate sales and marketing partner A & A International Holdings.”
Residents of 808 Regency will enjoy an array of modern facilities within the apartment complex. These amenities include a pool for leisure and relaxation, 24/7 security to ensure peace of mind, a reliable generator for uninterrupted power supply, ample parking spaces for residents and visitors and an efficient garbage disposal system to maintain cleanliness and hygiene.
Concluding, Illeperuma noted, “One of the key selling points of 808 Regency is the advanced stage of the project. Unlike many new developments that are still in the concept stage, 808 Regency is nearing completion. This means that buyers and investors can expect to own their new homes by January 2024, with minimal waiting time and reduced risk. Interested parties can visit the stylishly appointed show apartments onsite, featuring high-quality finishes, to get a glimpse of the luxury and comfort that await them at 808 Regency.”
A & A International Holdings is a company specialising in design and construction as well as marketing and sales strategies for apartment and real estate developers. They provide expertise in these areas, allowing developers to focus on their core business while relieving them of the burden of marketing and sales responsibilities. The company is led by industry experts with over 70 years of collective industry experience, giving them extensive knowledge and insight into the market. This expertise is an advantage they offer to their clients, having worked on numerous leading apartment and mixed development projects in the past.
Commenting on the partnership, A & A International Holdings (Pvt.) Ltd Managing Director Anshal Ambawatte stated, “We are delighted to announce that A & A International Holdings will work in collaboration with Monarch Regency (Pvt.) Ltd in the launch of 808 Regency or the sales and marketing of the project. Our partnership with 808 Regency (Pvt.) Ltd is driven by a shared commitment to excellence. The project’s sound financial backing, prime location, superior construction standards and competitive pricing make it an exceptional investment opportunity. A & A International Holdings is excited to collaborate with 808 Regency (Pvt.) Ltd in showcasing this remarkable development to discerning home buyers and astute investors. Together, we aim to create a thriving community that offers a superior living experience in a prime location.
Monarch Regency (Pvt.) Ltd has partnered with Sanken Lanka, a renowned name in the industry for pilling 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 percent capital growth per annum, ensuring favourable returns for investors. Furthermore, the projected annual rental yields are forecasted at approx. Rs.1.2 million to Rs.1.4 million for one bedroom units, Rs.1.8 million to Rs.2.1 million for two bedroom units and Rs.2.4 million to Rs.2.7 million for three bedroom units, making it an attractive option for those seeking an income-generating asset.
