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 …
Real Estate & Construction
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 …
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 …
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 …
Sri Lanka’s construction projects expected to pickup and stick to timelines:ICRA
Jun 3, 2020 (LBO) – Sri Lanka’s construction sector is expected to demonstrate resilience compared to other economic sectors, a new report said. …
Prime Group sets benchmark for real estate industry with credit rating of A- stable
Property magnet Prime Group makes history as the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of [A-] Stable …
Sri Lanka’s Cinnamon Life construction resumes
May 18, 2020 (LBO) – Colombo’s iconic landmark and the single, largest, private mixed development investment in Sri Lanka, Cinnamon Life by the John Keells …
RIU hosts webinar on current real estate market
May 11, 2020 (LBO) – Research Intelligence Unit (RIU) webinar discusses current real estate market, building resilience and exploring new …
3D virtual tours of Cinnamon Life and TRI-ZEN apartments launched
May 11, 2020 (LBO) – John Keells Properties has announced that in order to accommodate prospective buyers moving forward with their apartment searches, …
Opinion: Building wealth amid COVID-19
By Blue Ocean Group of Companies Time in the Market Is Better Than Timing the Market The COVID-19 pandemic has swept across the world, not merely spreading …
Condo Ass. requests Govt to permit commencement of construction projects
Apr 19, 2020 (LBO) – The Condominium Developers Association of Sri Lanka (CDASL) in a letter to the President of Sri Lanka has requested the government …
ICRA Lanka assigns [SL]A-rating for Prime Lands and Prime Residencies
Mar 11, 2020 (LBO) – Rating action ICRA Lanka Limited, Subsidiary of ICRA Limited, Group Company of Moody’s Investors Service has assigned the Issuer …
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we’re discussing how Sri Lanka can benefit from more women joining the workforce and what can be done …
Colombo District Land Valuations Indicator records 10.4-pct increase in 2H 2019
Feb 27, 2020 (LBO) – Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank has reached 138.9 during the 2nd half of 2019, …
John Keells Properties partners with Union Assurance to provide life cover for TRI-ZEN customers
John Keells Properties signed a partnership agreement with Union Assurance –one of the country’s leading life insurance providers for corporates and …
Aster residencies opens doors in Nugegoda
Aster Residencies (Pvt) Ltd completed construction of its flagship residential project, handing over brand new apartments to residents, many of whom are …
Construction of building complex in Colombo Port City to start by mid-2020
Feb 17, 2020 (LBO) – Construction of the building complex in Colombo Port City will commence in the middle of this year at a cost of 15 million US dollars …
President advises to conclude surveying of land units
Feb 12, 2020 (LBO) – President Gotabaya Rajapaksa advised to expedite the surveying of the land units during a discussion at the Presidential Secretariat …
Land an investment tool: Creates greater appeal for affluent
Land has been a commodity that has been looked upon as an investment for generations. The general understanding is to obtain land for housing or commercial …