Category: Real Estate & Construction
Lanka Property Web says SL real estate market stable despite pandemic
“Since the turn of the year there has been an increase in real estate activity by property buyers and sellers”, said Sri Lanka’s leading property portal LankaPropertyWeb. The company stated that a comparison between the number of visits to lankapropertyweb.com during the month of January in 2020 and 2021, showed an increase of 23% while […]
Sampath Bank partners with John Keells Properties’ TRI-ZEN on Home Financing Solutions
Sampath Bank entered into a strategic alliance with TRI-ZEN, a premium smart living project being developed in Union Place, Colombo by John Keells Properties in partnership with Indra Traders that shares the Bank’s penchant for innovation. Building on its longstanding relationship with the John Keells Group and Indra Traders, Sampath Bank seeks to partner with […]
Cinnamon Life secures Certificate of Conformity for project’s office and ‘The Suites’ residential towers
Cinnamon Life, Sri Lanka’s largest mixed development, announced another major milestone in its journey to completion with the securing of a Certificate of Conformity (COC) for the project’s office and ‘The Suites’ residential towers. Notably, the pace and the progress of the Cinnamon Life project continued to gain momentum, despite the challenges of the ongoing […]
Buying apartments the right way: 3 things to be mindful of
By Lanka Proprty Web From vertical living to multi-storied houses and ancestral homes in the countryside, housing has evolved throughout the years in different ways in different countries. The industrialized nations are branching out their vertical living styles to higher stories, while in the developing world housing is growing larger in width. In Sri Lanka, […]
Port City Colombo attracts world’s top investor Nathaniel Rothschild
World renowned financier and a member of Rothschild family, Nathaniel Rothschild who is in Sri Lanka for a brief business tour, paid a visit to Port City Colombo on Thursday (14th). He was accompanied by prominent Sri Lankan born British politician and former EU parliamentarian Niranjan Deva Aditya and corporate sector veteran Rajan Brito. Rothschild’s […]
Challenges for Colombo Port City amidst uncertainty & volatility of current markets
Jun 22, 2020 (LBO) – PricewaterhouseCoopers (PwC) Sri Lanka recently hosted a webinar on Colombo Port City and its potential impact on the Sri Lankan economy. The event speakers included Thulci Aluvihare, Head of Strategy and Business Development – CHEC Port City Colombo (the “Project Company”), Aruna Perera, Director – Corporate Finance & Valuation Consulting […]
Crescat Boulevard mall be revamped
Jun 17, 2020 (LBO) – Asian Hotels and Properties PLC (AHPP) announced that it would be moving forward with major investments towards the refurbishment of Crescat Boulevard. First opening its doors in 1997, Crescat Boulevard was a pioneering development at the time, and soon became an iconic location in Colombo. It was the very first […]
Dedicated credit scheme to be introduced for construction sector
Jun 16, 2020 (LBO) – Sri Lanka’s Central Bank is to introduce a new facility for the construction sector enterprises to borrow from Licensed Commercial Banks, using guarantees issued by the government equivalent to the amount due on account of contracts carried out in the past. This new dedicated credit scheme is to be funded […]
Developers confident Sri Lanka real estate will regain momentum
Jun 16, 2020 (LBO) – Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after services, manufacturing, agriculture and utilities reports continued interest from local and international buyers as the industry gears towards returning to construction in a COVID-19 affected world. The current pandemic has left several industries drastically […]
Housing for middle and low income families a priority: President
Jun 12, 2020 (LBO) – President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to the construction of housing schemes for middle and low income families. President gave this directive at a meeting to review the progress of the State Development and Construction Corporation held at the Presidential […]
Prime Grand resumes construction aligned with health protocols
Prime Grand, the flagship luxury project of Prime Group, the leading real estate developer of Sri Lanka, has resumed its operations in accordance with #RestartSL protocols announced by the Government of Sri Lanka. Prime Group which stands strong in their contribution towards the economic regeneration in the country, celebrated a key milestone of ‘Prime Grand’, […]
Economic Zone:A catalyst for modern services in Sri Lanka
Jun 03, 2020 (LBO) – The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), is set to discuss the topic of “Port City Special Economic Zone– A Catalyst for Modern Services in Sri Lanka” on Thursday, 04 June 2020, during a webinar titled “Colombo Port City: Potential growth impact for Sri Lanka” hosted […]