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The Lari’s Devaluation not Reduced Sales in the Olympic Village

Sales in the Olympic Village built by the Chinese company “Hualing” began in November and intensified in December and January – the company says.
According to management, the majority of buyers are  the citizens of Georgia. Cost of 1 sq. meter starts at $ 635.

The Georgian representation of “Hualing” claims that the lari’s devaluation had no effect on sales.

“On the contrary, the sales are so active that exceeded our expectations” –  say in the company.

The management notes that  construction of a shopping complex has completed, and much of the area has already been leased.

Under a contract with the Government of Georgia,  in 2015 “Hualing” will complete the construction of the Olympic Village, a residential area, hotels, restaurants designed for 2 000 people, wellness center, parking lots and shopping center area of 110 000 sq.m.

“Hualing” invested  in the project a total of $ 150 million.