JICA kicks-off study to formulate plans for developing Kandy city
Feb 28, 2017 (LBO) – Sri Lanka’s Urban Development Authority together with Japan International Cooperation Agency today commenced a study to formulate …
Real Estate & Construction
Sri Lanka to set up special company to fund highway projects
Feb 23, 2017 (LBO) – Sri Lanka’s cabinet has approved establishing a special infrastructure company to seek funding for critical infrastructure projects, …
Blue Ocean Group unveils it’s newest luxury condominium project in Colombo 04
(PRESS RELEASE) – Sri Lanka’s largest condominium developer – Blue Ocean Group of Companies on Thursday (February 2, 2017) unveiled its twenty first …
Land acquisition in Colombo continues under militarized environment: CPA
Feb 02, 2016 (LBO) – The working class poor in Colombo endure rushed evictions and land acquisition under militarized civilian institutions, a system …
RDA to obtain Rs23bn for Central Expressway phase II
Feb 01, 2017 (LBO) – Sri Lanka’s Cabinet has decided to obtain part of the funds for the construction of phase II of Central Expressway Project from two …
Nawala emerging as high end apartment hub: RIU
Jan 30, 2017 (LBO) – Nawala, between Sri Lanka’s commercial capital Colombo and administrative capital Kotte, is seen as the next high-end …
Iconic Galaxy breaks ground, ready for occupation by end 2020
(PRESS RELEASE) – Colombo: January 18 2017: Leading infrastructure and property developer, Iconic Developments Ltd, the developer of Iconic 110 …
Sri Lanka’s first 7-star apartment complex to start construction
Jan 17, 2017 (LBO) – Sri Lanka’s first seven-star luxury apartment complex, Achilleion, is set to commence construction work this week, its developers …
Access Engineering invests in Rs10bn mixed development
Jan 11, 2017 (LBO) – Sri Lanka’s Access Engineering has invested 2.295 billion rupees in a joint venture to build a mixed development project at Colombo …
Sri Lankan businessman will be first to invest in Hambantota zone: PM
Jan 09, 2017 (LBO) – A Sri Lankan investor will be the first businessman investing in the proposed Hambantota economic zone, Prime Minister Ranil …
Sri Lanka Hayleys eyes 55-floor Twin Tower development project
Dec 27, 2016 (LBO) – Sri Lanka’s diversified Hayleys has approved in principle a property development project in Colombo for commercial office space. The …
Sri Lanka seeks Chinese loan for South expressway consultancy
Dec 21, 2016 (LBO) – Sri Lanka is seeking a loan of Renminbi Yuan 577 million from China to finance the consultancy services for design review and …
Korea Eximbank discusses Kandy traffic network with RDA
Dec 05, 2016 (LBO) – Export-Import Bank of Korea (Korea Eximbank) has begun supporting the connectivity plan of the traffic network in Kandy city through …
Sri Lanka to improve essential utility services in Western Megapolis
Nov 30, 2016 (LBO) – Sri Lanka’s cabinet has granted approval to improve new utilities and infrastructure required for the Western region Megapolis. It is …
Western Province interconnected roads to be upgraded
Nov 23, 2016 (LBO) – Sri Lanka’s cabinet has approved a proposal to improve 26 damaged interconnected roads in the Western Province. The project will cover …
Sri Lanka condominium developers welcome budget 2017
Nov 22, 2016 (LBO) – Sri Lanka’s Condominium Developers Association which represents the condominium developers in the country has hailed the budget …
Chinese-made city near Singapore to reshape real estate
Nov 22, 2016 (LBO) – A 100 billion dollar Chinese-made city in Malaysia, near the border of Singapore, is set to reshape real estate in the region. …
Sri Lankan real estate sector sees office demand spike: OBG
Nov 18, 2016 (LBO) – The office segment of Sri Lanka’s property market is likely to see rising levels of activity over the next few years, as …
Capitol Developers launch 50-Storey Skyscraper in Uptown Colombo
(PRESS RELEASE) – Capitol Developers Limited of the Sanken Group held the groundbreaking ceremony of its latest 470 apartment twin tower project – …
Sri Lanka property restrictions on foreigners relaxed: Budget
Nov 11, 2016 (LBO) – The Finance Minister in Budget 2017 announced measures to relax restrictions placed on property and land with regard to foreigners, …