Apartments only 1.7-pct of Colombo’s living units: Pradeep Moraes
Jun 26, 2018 (LBO) - Contrary to popular perception, apartments currently account for only 1.7 per cent of Colombo’s residential facilities despite the …
Real Estate & Construction
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PropertyGuru Asia Property Awards (Sri Lanka) 2018 finalists announced
Jun 22, 2018 (LBO) - Sri Lanka’s best developers are now officially finalists for the second annual PropertyGuru Asia Property Awards (Sri Lanka) …
Sri Lanka’s unabated credit growth in real estate sector raises concerns: IMF
June 21, 2018 (LBO) – Sri Lanka’s significant credit growth for more than two consecutive years warrants attention, an International Monetary Fund (IMF) …
LankaPropertyWeb.com eases the hassle of buying and selling property
Today’s busy lifestyle hastaken away the luxury of time to attend to all that entails a property transaction. This includes countless amounts of paperwork, …
Sri Lanka’s Ritz-Carlton Tower ready by 2021
Jun 06, 2018 (LBO) - One Transworks Square (Pvt) Ltd together with Zhong Tian Ding Hui (ZTDH) Company announced that it's 500 million dollar "THE ONE" …
Interview : In conversation with Chairman of Sri Lanka’s Blue Ocean S.Thumilan
Jun 06, 2018 (LBO) - The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in real …
Nawala, Dehiwala and Rajagiriya continue as property hot-spots : Report
By Lanka Property Web A recent study done by LankaPropertyWeb.com reveals the average residential land prices around Colombo and which areas the prices have …
Melstacorp enters into USD20mn joint venture to distribute cement
May 25, 2018 (LBO) – Melstacorp has entered into a joint venture agreement with Pyramid Gama (Private) Limited for importation, processing, packaging, and …
Sri Lanka approves BOT system for state buildings
May 24, 2018 (LBO) - The cabinet has approved to construct public buildings under the Build, Own and Transfer (BOT) system by the private sector, a statement …
Fitch says Sunshine Holdings new equity issue not enough for ratings upgrade
May 21, 2018 (LBO) – Fitch Ratings says current ratings of Sunshine Holdings will remain unchanged as the projected fall in net leverage from the proposed …
China approves USD1bn for 1st phase of Central Expressway construction
May 15, 2018 (LBO) – Chinese Government has approved 1 billion US dollars for the phase I of the Central Expressway construction and instructions have also …
Why Sri Lanka’s unsaturated real estate market works to its advantage
(PRESS RELEASE) Sri Lanka’s now-vibrant real estate market has developed greatly in recent years. Whilst the current growth trajectory has given way for …
China Harbour Engineering to construct 7-star Achilleion project
Apr 27, 2018 (LBO) – Sri Lankan real estate player Blue Mountain has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build …
Galle Face Properties commence construction of Renuka Tower
Apr 25, 2018 (LBO) - Sri Lanka’s Renuka Holdings Group said its subsidiary, Galle Face Properties Limited had started construction work on the 32-storey …
President calls for proposals to solve problems in construction field
Apr 11, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena advised the Secretary for Ministry of Skills Development and Vocational Training to prepare a …
Colombo’s Port City ready for investors
Apr 11, 2018 (LBO) - CHEC Port City Colombo (Pvt) Ltd., presented the Development Control Regulations (DCR) for the Colombo Port City project.to the …
Blue Ocean Group of Companies has grown into versatile conglomerate
Blue Ocean Group of Companies Blue Ocean Group of Companies has grown into a versatile conglomerate over the years. The evolution of the group is significant …
Potential challenges for Sri Lanka’s residential and retail markets beyond 2019: JLL
Mar 26, 2018 (LBO) - Sri Lanka's residential real estate sector, especially high end condominiums,faces over supply challenges, with the recent re-imposition …
Sri Lanka plans to issue licenses for electricians from October
Mar 23, 2018 (LBO) – Sri Lanka's electricity sector regulator, Public Utilities Commission is planning to implement a mechanism to establish an accepted …
The One, landmark mixed development to cost USD500Mn plus
Ultra luxury, state of the art hospitality, breathtaking surroundings, signature amenities, world class dining experiences, three towers comprising two luxury …