Sri Lanka’s People’s Bank buys PMF land in Colombo
May 24, 2017 (LBO)- People`s Merchant Finance (PMF) had sold its 108-perch property in Colombo 02 to People's Bank for 1.04 billion rupees in order to help …
Real Estate & Construction
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Interview: E-commerce shakes up Sri Lanka’s retail sector, says Takas CEO
May 24, 2017 (LBO) - Sri Lanka's online retail sector is booming, which poses a threat to traditional retail stores. Online stores too are battling it out for …
Sri Lankan real estate to be recognised at PropertyGuru Asia Property Awards
(PRESS RELEASE) • Nominations are ongoing until 25 August for the industry’s premier event • Domestic winners to compete for regional accolades to …
Sri Lanka exempts income tax on IT BPO, capital gains for real estate
May 15, 2017 (LBO) - Sri Lanka's Finance minister announced some features of the new Inland Revenue Act which include income tax exemptions for IT exports, …
Opinion: FDI in Sri Lanka, a real estate perspective
By Steven Mayes, Managing Director JLL Lanka The significance of Foreign Direct Investment to an economy such as Sri Lanka’s cannot be overstated. Its …
LAUGFS says LPG Terminal in Hambantota on schedule for 2018
May 04, 2017 (LBO) - One year into the construction of the LAUGFS LPG Import and Export Terminal in Hambantota, the first phase, with a 30,000 MT capacity, is …
Online property searches in Colombo up 28-pct in Q1: Lamudi
May 02, 2017 (LBO) – Property portal Lamudi’s real estate market report on Sri Lanka says that there is a 28 percent increase in searches for property in …
Rain and fire threatens Meethotamulla, rehabilitation plans in place
Apr 27, 2017 (LBO) - Rains expected in May and an outbreak of fire still remain as threats to the hundreds of tonnes of rotting garbage piled up near Sri …
Asia Capital, Japan’s Belluna embark on USD 54Mn venture
Apr 26, 2017 (LBO) - Japanese firm Belluna Co. Ltd and Asia Capital PLC celebrated the groundbreaking ceremony of their joint venture on a US 54 million …
Capital Developers deploy five piling machines for twin tower project
Apr 20, 2017 (LBO) - Property developer Capitol Developers has deployed five piling machines to accelerate construction of Capitol Twin Peaks, the …
Walkers CML International secures first project in Maldives
Apr 19, 2017 (LBO) - Walkers CML International (Private) Limited, a subsidiary of MTD Walkers PLC, said it will build its first luxury residential project in …
Horton Square USD 250mn project breaks ground
Apr 18, 2017 (LBO) - The ground-breaking ceremony of Horton Square, St Regis Hotels and Residences was held at the former Central Hospital premises in Colombo …
Asia-Pacific biggest gainer in capital flows into real estate in 2016: JLL
Apr 17, 2017 (LBO) - Asia-Pacific has shown the biggest gains in global capital flows into real estate in 2016, according to JLL’s Global Capital Markets …
Kuwait to provide additional loan for Kalu Ganga development project
Apr 12, 2017 (LBO) - The Kuwait Fund for Arab Economic Development (KFAD) will provide an additional concessional loan of Kuwait Dinar 5 million (16.5 million …
Four-lane roadway with tunnel for Kandy to reduce congestion
Apr 05, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to construct a four-lane roadway to reduce traffic congestion in Kandy town. The road …
Sri Lanka’s high end commercial property to narrow the gap with demand: RIU
Mar 29, 2017 (LBO) - Sri Lanka's Research Intelligence Unit (RIU), a real-estate advisory firm, says Grade A commercial property developments over the next …
Building lives, not only a new bridge at Kelani river
Mar 13, 2017 (LBO) - The Japan International Cooperation Agency (JICA) is keen that relocations from the Sedawatta and Wadullawatta communities for the new …
Shangri-La opens luxury paradise apartments for viewing
(PRESS RELEASE) - Colombo’s once static skyline is now in the midst of a vast transformational process and at the forefront of this immense development is …
Sri Lanka’s real estate industry calls for more regulation
Mar 07, 2017 (LBO) - Sri Lanka’s real estate brokers, agents and developers need to professionalize services with the involvement of the the government to …
Flemington Rajagiriya Apartments records 60-pct of apartments sold
(PRESS RELEASE) - Colombo, 07 February 2017 - Sri Lanka’s first Australian inspired condominium, The Flemington, Rajagiriya records 60% of apartments sold, …