Opinion: Vital facts you need to know before applying for housing loan
By Lanka Property Web The rising population growth across the world has increased the need for housing day by day. People are either on the lookout for houses …
Real Estate & Construction
Sanken’s Capitol Developers & Singapore’s P&T Group (Architect) win global accolades
Both Capitol Developers (a member of the Sanken Group) and P&T Group, Singapore were recently honoured at the Luxury Lifestyle Awards 2020, in October 2020 …
Interview : Cracks, collapses and a national building code
By LankaPropertyWeb Disintegration, cracks, sloping floors and more are all signs of a poor foundation and structure. Yet, their possibility depends on the …
MAGA completes civil works of Kelani Right-Bank Water Supply Project, Stage II
Oct 26, 2020 (LBO) – The Kelani Right-Bank (KRB) Water Treatment Plant is the joint-largest in the Country, and is expected to benefit more than 1.7 million …
Flemington launches third apartment project
Following the success of The Flemington’s first and second condominium development projects at Rajagiriya and 1O3 Campbell, the property developer is all set …
Sri Lanka to establish an Expressway Investment Company
Oct 13, 2020 (LBO) – Sri Lanka's cabinet nod has been received to establish an Expressway Investment Company in such a way that the company is able to raise …
John Keells Properties unveils residential developments at Victoria Golf & Country Resort
Oct 12, 2020 (LBO) - John Keells Properties (JKP) unveiled plans for the development of exclusive townhouses and bespoke luxury villas at the internationally …
Treasury issues letters confirming Rs. 9.6bn arrears to contractors and suppliers
Sep 24, 2020 (LBO) – Sri Lanka’s Treasury has completed issuing confirmation letters verifying the bills worth 9.6 billion rupees due to 303 government …
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, …
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 dispute …
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 past …
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 care …
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 people. …
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 project. …