August 2021: In a concerted effort to open up their exceptional and diverse housing portfolio to a larger portion of Sri Lankans, the country's largest property development conglomerate, Prime Group recently introduced a revolutionary payment plan, currently unmatched by any other in the industry. The highly attractive, industry-first offering assures peace of mind for customers by delivering financial flexibility and empowering them to own their dream home at their convenience.
The incomparable scheme opens doors for customers to pay as little as 20% of the housing unit's total value as a down payment, 25% paid in easy installments over 2 & a half years, and the balance 55% when their new home is handed over to them. All Investors can also enjoy guaranteed capital gain and effective ROI of over 75% within 2.5 years for their initial investment.
Further, it allows customers to access non-accessible investments and take advantage of a pre-approved mortgage within 30 months. The easy-to-grasp scheme was carefully curated by Prime Group with over 26 years of enriched experience in the property sector to enable a larger proportion of financially diverse customers to make a smart, well-informed decision with utter convenience to make their dream home a reality. The company's new offering is first introduced to families and individuals looking to put down roots in the scenic, lush green environs present at 88 Residence Kahathuduwa, Piliyandala which is now open for reservations.
"Prime Group has always been deeply committed to delivering projects that meet the needs of the market and flexible financing is one way we achieve this. Therefore, we are thrilled to launch this exceptional “Ultimate Real Estate Investment plan” for the first time in Sri Lanka. The bedrock of offering is to enable Sri Lankans to materialize their dream home, without worrying about paying the current required down payment of 30% of the total value upfront, which is a welcome respite during these tough economic conditions.
"It should also be mentioned that the salary levels of many Sri Lankans do not often allow them to pay off the rest of the 60% within just 2.5 years. We wanted to address this concern, by enabling our customers to pay off just 25% of the value of the property within 2.5 years to make these homes more affordable. This means only 45% of the total value has to be paid at the hand-over point. For the balance of 55%, customers are able to pay to utilize a bank loan which can also be arranged by Prime Group. Most importantly, customers can always purchase these homes as an investment and sell them after 2.5 years with a minimum effective Return on investment of 75%.
"Therefore, we are confident that this unique scheme will open our high-quality portfolio of wholesome living spaces open to a broader community of customers, along with the opportunity to proactively manage their finances, in a long-term affordable way," remarked Prime Group Chairman Premalal Brahmanage.
88 Residence Kahathuduwa is a tranquil, luxury living community overlooking an evergreen paddy field in Piliyandala, 500m away from the proposed Ruwanpura Highway, and 2 KM from the Kahathuduwa highway entrance as well as 900m to the 120 bus route. The complex hosts a collection of four diverse types of 88 spacious, two- to three-bedroom, one- to two-story homes prices starting from 14.5 Million, this luxury complex is slated for completion in early 2024.
"As the premier real estate developer in the country, it is vital that we play our part in making sure we do all we can to support our customers at a time when there is an increase in demand for affordable housing in prime locations across the island. Buyers should always be prudent and selective when it comes to location, final finishes, quality, and features of a home and less so when it comes to amenities as the location and the build of the house play a large role in how a home brings comfort and convenience to their lives. 88 Residence Kahathudawa offers a prime opportunity for potential homeowners in this sense, with an enticing collection of well-designed urban homes in the easily accessible and beautiful environs of Piliyandala," Brahmanage continued to comment.
Large balconies, mahogany doors, and attractive, carefully curated design elements come together beautifully to make the living experience at each villa incomparable and wholesome. This is fittingly complemented with a range of unparalleled amenities such as pantry cupboards with granite top, hot water connections in bathrooms, and a maid's toilet to name a few.
The secure, gated community also features a diverse array of indulging amenities to enhance everyday experiences to best suit life in the new normal. This includes 24-hour security, adult and kid’s swimming pool, children’s play area, and multifunctional sports area, jogging track, yoga deck, indoor gym, and multi-purpose hall, among many.