Iconic Galaxy’s Privé apartments
Infrastructure developer Iconic Developments announced that construction of its premier Privé apartments of its latest luxury living space, the Iconic Galaxy, …
Real Estate & Construction
MAGA commences construction of 624 housing units in Col 05
An initiative of the Urban Development Authority (UDA) of Sri Lanka, this 11-storey housing complex situated on Colombage Mawatha, Narahenpita is part of the …
Altair clarifies Court order to buyers
Sep 10, 2020 (LBO) – Indocean Developers has informed buyers of Altair apartments that a recent Supreme Court decision relating to a management rights …
Flemington completes 5 years in condominium development industry in SL
Sep 07, 2020 (LBO) – A recent entrant into Colombo’s property development arena, The Flemington recently celebrated 5 years in the industry. During the …
Opinion: Importance of nurturing the condominium industry in Sri Lanka
By Blue Ocean Group of Companies The real estate and construction industry in Sri Lanka is one of the major revenue-generating sources with its growth or …
Tech, health care and telco to drive commercial property demand: RIU
Aug 26, 2020 (LBO) – Research Intelligence Unit (RIU), conducting a survey among Grade A & B commercial space tenants says technology firms, health …
Land Valuation Indicator of Colombo records an annual increase of 7.1-pct in 1H 2020
Aug 25, 2020 (LBO) – Land Valuation Indicator (LVI) of Colombo District reached 141.6 during the 1st half of 2020, recording an annual increase of 7.1 …
HNB & People’s Bank partner with Sanken Group to finance Capitol TwinPeaks to completion
Hatton National Bank (HNB) and People’s Bank together with the Sanken Group signed an agreement, on 12th August 2020, to ensure balance funding, for the …
Are caveat notices strangling the condominium industry in Sri Lanka?
Kapila Gamage Attorney-at-Law and Condominium Consultant The condominium developers of Sri Lanka are being terrorized by a new kind of threat that is …
Housing for low, middle-income families in Colombo, Waste recycle programme: President
Jul 29, 2020 (LBO) – President Gotabaya Rajapaksa says Colombo will be developed under a well-designed plan while addressing main issues faced by the …
BOI signs agreement with Vallibel Properties to construct its landmark building
Jul 29, 2020 (LBO) – The Board of Investment of Sri Lanka has signed an agreement with Vallibel Properties Limited to construct its state-of-the-art …
President orders speedy construction of central expressway
Jul 28, 2020 (LBO) – President Gotabaya Rajapaksa has directed the Minister-in-Charge to accelerate the construction works of the Central Expressway …
Sri Lanka’s President calls on engineers to revolutionize construction sector
Jul 17, 2020 (LBO) – President Gotabaya Rajapaksa invited the local engineers to take part in a revolutionary transformation in the construction sector which …
COVID-19 reshaping Sri Lanka’s real estate market: Prime Group
Jul 13, 2020 (LBO) – Sri Lanka’s residential apartment sales has been seeing renewed interest since January 2020 and post COVID -19 as well following a …
Refurbished CBD business centre in Col-01 is now available for rent
Jul 10, 2020 (LBO) – Cargo Boat Development Company PLC (CBD) – an associate company of the Renuka Hotels Group – has completed the …
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 …
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 …
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 …
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, …
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 …