Houses for 600 low-income Sri Lankan families with Indian assistance
Aug 24, 2017 (LBO) – Sri Lanka plans to construct 600 houses across the island for low-income families with Indian assistance. A proposal by Housing and …
Real Estate & Construction
Lanka Property Web: Sri Lanka – Asia’s Next Property Hotspot?
LankaPropertyWeb.com says that with land and house prices seeing unprecedented appreciation in 2017 alone, Sri Lanka has emerged as Asia’s new destination …
Sri Lanka to invest Rs3.5bnl in Kalutara for industrial park
Aug 22, 2017 (LBO) – Sri Lanka will set up a 150-acre industrial park in Millaniya, Kalutara at a cost of 3.5 billion rupees with a company from …
Five trends that will shape commercial real estate in future
The first half of 2017 has already held some surprises that will impact commercial real estate. Lamudi—the global real estate platform—picks out five …
ADB, Korean consultants study Trinco economic corridor
Aug 15, 2017 (LBO) – The Export-Import Bank of Korea together with the Asian Development Bank held a seminar on the Colombo-Trincomalee Economic Corridor …
China-Sri Lanka deal on controversial deep water port to be signed on Saturday
By P.K. Balachandran The Sino-Sri Lankan deal over a controversial deep water port in Hambantota in south Sri Lanka, which has been hanging fire since January …
Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday
By P.K. Balachandran A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a …
SOM Winner of the Port City Design Idea Competition Awarded
Press Release: Skidmore, Owings & Merrill (SOM), one of the world’s largest architecture, interior design, engineering and urban planning firms, who was …
Odel plans USD106mn mixed development project in Sri Lanka
July 12, 2017 (LBO) – Odel Properties One (Private) Limited, a fully owned subsidiary of Odel, has entered into an agreement with Sri Lanka’s Board of …
JICA provides Rs42bn loan for Kalu Ganga water supply expansion
A concessionary loan agreement for JPY 31,810 million (approx. Rs. 42,307 million) was signed on 7th of July 2017 between the Government of Sri Lanka and Japan …
Sri Lanka’s Watawala Plantations to separate tea business
June 30, 2017 (LBO) – Sri Lanka’s Watawala Plantations is planning to set up a separate company relating to the tea business segment of the company by …
Asbestos industry warns of economic, social and environmental impact from ban
June 29, 2017 (LBO) – Sri Lanka’s Minister of Technology and Research said that he was awaiting reports regarding the safe use of Chrysotile, a type of …
Laugfs enters residential apartment development
June 27, 2017 (LBO) – Sri Lanka’s Laugfs Property Developers, a subsidiary of Laugfs Gas PLC, has formed a fully owned subsidiary to undertake residential …
Sri Lanka poised for growth across all real estate asset classes: JLL
June 15, 2017 (LBO) – Sri Lanka is poised for growth across all real estate asset classes on the back of increased private sector participation in …
Sri Lanka to regulate real estate valuation professionals
June 14, 2017 (LBO) – Sri Lanka is looking at incorporating the Institute of Real Estate and Valuation through an Act of Parliament in order to regulate the …
Odel and Softlogic brands buys space in Colombo City Centre
Jun 13, 2017 (LBO) – Sri Lanka’s Odel Plc and subsidiary Softlogic brands said it acquired 39,560 square feet of space in Colombo City Centre Mall, a …
Korean Government approves USD200mn for Kandy tunnel
June 06, 2017 (LBO) – The Ministry of Strategy and Finance of Korea has approved 200 million US dollars for the Kandy tunnel construction project, Korean …
Sri Lanka Navy to complete pedestrian walkway near Supreme Court
June 01, 2017 (LBO) – The Urban Development Authority has proposed that Sri Lanka Navy should complete stage III of the pedestrian walkway along the St. …
New entrants to apartment development industry will face difficulties: Developer
May 29, 2017 (LBO) – Sri Lanka’s newer entrants into the apartment development industry will find it difficult to compete with established players …
Developer reacts to CB Governor’s comments on apartment industry
(PRESS RELEASE) Responding swiftly and strongly to the statement made by the Governor of the Central Bank with regard to the apartment development industry, …