The Hong Kong based Shangri-La Group has launched its luxury apartments being constructed under its USD 608 million investment mixed development project at Galle Face in Colombo.

The prices of these luxury apartments range from USD 700,000 (approximately Rs. 95 million) to USD 1.5 million (approximately Rs. 204 million) each, says Shangri-La.

According to the developers, the smallest apartment is some 1,700 square feet.

Under this Shangri-La project, 406 apartments, a luxury hotel and shopping and office complex are to be constructed.

The luxury hotel comprises 540 rooms and the shopping complex would be 50,000 square feet in extent.

The floor extent reserved for office facilities is 125,000 square feet.

Shangri-La Hotel in Colombo is to open during the second quarter of 2017 and the apartment complex during the final quarter of the same year.