The Empire Residencies new real estate development in Sri Lanka

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  The Empire Residencies

The Empire Residencies
Location:  Colombo (adjacent to Empire Theater)
Property Type:  Apartments
Developer:  CT Properties Ltd
Number of units: 100 including apartments & 4 penthouses
Number of floors: 2 towers (33 and 37 floors) Completion date: 2009


Prices between Rs 20 million to Rs 45 million for an apartment

Sri Lanka Ceylon Theatres hit by property market slump
Oct 06, 2009 (LBO) - Sri Lanka's Ceylon Theatres group has completed a big high-rise project with 80 percent of luxury apartments sold but was struggling to sell the rest as higher costs caused losses in the property unit.
Group subsidiary CT Properties completed the Empire apartment project, a twin-towered, high-rise built on prime property in the heart of the capital Colombo where a cinema by the same name had stood.The project under CT Properties, which has made a loss of 227 million rupees in the year, targets the top end market with an "exclusive luxury concept" of just two apartments in a single floor.
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