JAT launches 146 Residencies with 30% pre-sales

JAT Property Group (Pvt.) Ltd recently announced the launch of its fourth residential development - 146 Residencies, located in Thalawathugoda. 
The project, which is expected for completion by March 2024, was launched with over 30 percent of apartment inventory already pre-sold, acting as a marker of the development’s investment potential.
Built on 92 perches, with a starting price of Rs.22 million, 146 Residencies is expected to bring in a minimum of 25-35 percent capital gains in the next two to three years, whilst offering potential rental yields of up to 7 percent year-on-year. 
JAT Property Group (Pvt.) Ltd Director Richard Gunawardene stated, “I am extremely excited to introduce our fourth real estate development within the Sri Lankan market –  146 Residencies. Each of our 112 units in the total development are carefully thought of and curated to maximise efficiency, aesthetics and design.”
Its 112 apartment units, spread out across 12 floors, offer two, three and four bedroom apartments ranging from 688.6 sqft to 2,367.2 sqft. The  unique feature of this property is that investors and residents alike can opt for limited garden-terrace apartments. The property’s 8,800 sqft rooftop offers common facilities to suit the modern urbanite - offering a 360-degree view of the city and surrounding greenery, a feature swimming pool with an intricate mosaic design, bbq area and a designated kids’ playground. In addition, guests are also privy to a private recreational space, fitted with a bar, pool table and entertainment zones, as well as a modern fitness centre boasting all gym essentials our residents need.
JAT Property Group (Pvt.) Ltd Head of Sales Atheek Jabir concluded, “We are pleased to announce 30 percent pre-sales for 146 Residencies in just under six weeks. Whilst the industry as a whole is faced with uncertain times due to the ensuing pandemic, we thank our valued customers for their continued support and trust in us.” 
Alongside the developer - JAT Property Group (Pvt.) Ltd,  146 Residencies will be designed by a veteran architectural firm Design Consortium Limited (DCL). Considered the fourth project, 146 Residencies follows on from the success of JAT Property’s residential developments - Forest Hill in Kandy, 77 on Fourth Residencies in Nawala and 96 Residencies in Kotte.