Property/Construction

FPS Alpha and Akzo Nobel Paints Lanka link up to bag prestigious project

Views - 33 Friday, 21 June 2019 00:00

FPS Alpha Ltd., a joint venture between Alpha Omega Ltd. and FPS Projects Ltd., recently concluded a major contract to supply and apply a premium exterior texture coating system, from the new “Weathershield Creation” range from Dulux. FPS Alpha


Tenders must be called for all contracts funded by China

Views - 37 Friday, 21 June 2019 00:00

At the 10th International Infrastructure Investment & Construction Forum held in Macau, China on 30– 31 May, the Chamber of Construction Industry Sri Lanka (CCISL) was privileged to be elected to head the Rotating Secretariat for the current year.


The Loft Mirissa clinches Five Star Award for Best Leisure Development in Sri Lanka

Views - 155 Friday, 21 June 2019 00:00

The Loft Mirissa, one of Sri Lanka’s modern architectural marvels, recently bagged the prestigious Five Star Award for the Best Leisure Development in Sri Lanka under the renowned Asia Pacific Property Awards. Provident Capital’s maiden project s


Number one housing and construction exhibition Construct 2019 in August

Views - 30 Wednesday, 19 June 2019 00:00

The National Construction Association of Sri Lanka(NCASL) has launched the premier housing and construction exhibition with a decade-long success story as its 19th consecutive exhibition. The 2019 edition, is presented at the Oak room of the Cinnamon


The Veranda Offices starts weaving creative magic in Colombo 2

Views - 39 Wednesday, 19 June 2019 00:00

Sri Lanka’s stunning The Veranda Offices, an innovative Colombo 2 mixed use office space that stands out with its eye-catching gridded façade based on local weaving patterns, is currently nearing completion. This one-of-a-kind project is spearhead


Ocean Front Condos by ICC a foreign investor’s route to SL’s booming real estate

Views - 22 Wednesday, 19 June 2019 00:00

Sri Lanka is moving full steam ahead in promoting its economic status to the next level, and with that opening up are a plethora of opportunities to be a part of its growth story. Easing up controls and paving the way for development, the stage has b


Kahawita De Silva & Associates wins two prestigious global awards

Views - 19 Wednesday, 19 June 2019 00:00

Kahawita De Silva & Associates Ltd. (KDS), one of Sri Lanka’s leading fully-fledged architectural and design practice, recently won an award for Interior Design at the International Property Awards – Asia Pacific 2019-2020 and an Award of Excelle


Sri Lanka’s real estate and construction industries continue stoically, post Easter Attack

Views - 68 Wednesday, 19 June 2019 00:00

Sri Lanka’s construction sector which ranks as the 5th highest in the nation’s GDP earnings, after services, manufacturing, agriculture and utilities, continues unhindered. The sector reports continued interest from local and international buyers


Sri Lanka’s ‘Best Residential High Rise Development’: Fairway Galle

Views - 45 Friday, 14 June 2019 00:00

Fairway Galle, the luxury apartment project of Fairway Holdings won the award under the ‘Residential High-Rise Development’ category at the Asia Pacific Property Awards 2019-2020. The country level awards were presented at the IPAX Awards Network


Capitol TwinPeaks: One of Sri Lanka’s most astute investment options

Views - 41 Friday, 14 June 2019 00:00

Capitol TwinPeaks, a condominium project under Sanken Group, categorised as a ‘Class A’ residential property and located adjacent to the Beira Lake in Colombo 2 becomes one of Sri Lanka’s fastest selling condominiums due to its location, adhere


“Altair will define Colombo’s skyline”: Shapoorji Pallonji CEO

Views - 46 Friday, 14 June 2019 00:00

“Cities must have iconic buildings and structures; this is key to a city’s uniqueness and character,” says Mohandas Saini, Managing Director and CEO of Shapoorji Pallonji International. Akin to how Manhattan is defined by the Empire State Build


SLT fibre to power newest apartment complex, ‘Green Star Residencies’

Views - 22 Friday, 14 June 2019 00:00

Sri Lanka Telecom (SLT) recently entered into a partnership with Idieal Engineering Ltd., professional engineering firm, which provides a comprehensive range of engineering and related services. Under the agreement, SLT will be the total digital serv


SLT and ICC enter into landmark agreement to construct Ocean Front Condos at Galle

Views - 47 Monday, 3 June 2019 00:00

Sri Lanka Telecom (SLT), the national ICT solutions/digital services provider signed an agreement with International Construction Consortium (ICC), one of the largest and most respected civil engineering organisations in Sri Lanka to construct Ocean


True essence of comfort, convenience and luxury in Negombo ‘Verdant Villas’ by Kelsey Homes

Views - 39 Monday, 3 June 2019 00:00

Enhancing the horizons of Negombo, Verdant Villas by Kelsey Homes is an elite housing development that offers the essence of exclusivity, comfort and serenity. This housing development is one of the most prestigious real estate projects in the countr


Property owners in Colombo 2 expected to receive fastest ROI on investment

Views - 55 Monday, 3 June 2019 00:00

With the end of the 30-year civil war in 2009, Colombo 2 real estate value had tripled in a mere five years. This trend of continued rapid ROI for Colombo 2 resulted in secondary sales per (existing) property exchanging hands x 3 (on average) by 2018


KWA Architects bags 3 awards at Asia Pacific Property Awards

Views - 31 Monday, 27 May 2019 01:04

Colombo based architectural and interior design practice KWA Architects won three awards at the Asia Pacific Property Awards held on 14 May in Bangkok, Thailand. It won Five Star Best Architecture Single Residence – Sri Lanka for their Floated Hou


PropertyGuru Asia Property Awards (Sri Lanka) 2019 eligibility period extended until August

Views - 31 Monday, 27 May 2019 01:03

The road to gold for Sri Lanka’s finest real estate developers has been extended until the end of August, allowing companies more time to submit their entries for the prestigious real estate honours organised by PropertyGuru, Asia’s leading prope


INSEE Sanstha continues winning streak at People’s Awards

Views - 27 Friday, 10 May 2019 02:43

INSEE Sanstha, Sri Lanka’s oldest existing cement brand and the most demanded brand produced by the country’s leading cement manufacturer INSEE Cement, made history by being crowned People’s Housing and Construction Brand of the Year for the ei


Mirissa becomes South Asia’s fastest growing coastal holiday and real estate investment destination

Views - 62 Friday, 10 May 2019 00:00

Mirissa’s increased growth rate and interest from international holiday-goers and investors has grown exponentially since mid-2018, with the introduction of Elysian Mirissa (developed by Elysian Realty and Architects, Milroy Perera Associates). Mir


Maldives Parliament repeals law allowing foreign land ownership

Views - 39 Monday, 22 April 2019 00:10

MALE (Reuters): The Maldives has cancelled a 2015 law that allowed foreigners to own land in the tropical islands, a move the Government said addressed concerns about potential loss of sovereignty. Maldives, located near busy shipping lanes, has been


Urban Heights by Kelsey Homes opens doors for aspiring homeowners

Views - 53 Monday, 22 April 2019 00:00

Urban Heights, Kelsey Homes’ highly-anticipated five storey apartment complex at Wattala, is now completed and ready for homeowners to move in. Ten units have already been sold within the exclusive gated community, leaving six additional units for


John Keells Properties signs exclusive contract with John Keells IT and SLT for smart living solution

Views - 98 Monday, 22 April 2019 00:00

In a landmark move that will redefine urban lifestyles in Sri Lanka, John Keells Properties (JKP) has entered into a partnership with Sri Lanka Telecom (SLT) and John Keells Information Technology (JKIT) to implement a turnkey smart living solution d


RE/MAX enters booming Eastern Coast Property market

Views - 41 Monday, 22 April 2019 00:00

Real estate brand RE/MAX made its foray into the booming Eastern Coast Property market in Sri Lanka at an event that was held in Trincomalee today. The event was graced by RE/MAX Global Development (South East Asia) Director Cheryl Luster, RE/MAX Glo


Sanken catapults Sri Lanka’s premium property market to international status

Views - 110 Wednesday, 10 April 2019 01:46

Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, showcased its premium project at the SMART Investment & International Property Expo in Singapore, on 30 and 31 March. The Sanken Gro


Home Lands Skyline’s Ariyana Resort Apartments, Athurugiriya progresses

Views - 113 Wednesday, 10 April 2019 01:44

Home Lands Skyline has expressed its confidence over successful construction progress of Ariyana Resort Apartment Complex, Athurugiriya, the first-ever resort apartment complex in the island. The company commenced development of the apartment projec


World-class mattresses from Comfort World now in Kandy

Views - 28 Wednesday, 10 April 2019 01:44

Premium mattress manufacturer, Comfort World International, with a view to expanding its reach into alternative retail channels, opened a premier showroom spread over 2,000 square feet in Kandy in time for the Avurudu Season on 6 April. Present at


Super-sized living in the 21st century

Views - 227 Wednesday, 10 April 2019 01:42

Defying the trend of increasingly compact urban apartments, a new generation of super-sized apartments is challenging conventional thinking that apartment living means compromising on space and comfort. Sapphire Residences, Colombo’s new luxury dev


Perseverance is the key to succeed as an entrepreneur: Samila Maddumage

Views - 297 Wednesday, 3 April 2019 00:00

Samila Maddumage is a young entrepreneur carving his name in the real estate industry through his passion for construction and steadfast belief in contributing to the country’s economy by way of entrepreneurship. Several trials, errors, successes,


Maga wins at IESL Engineering Excellence Awards 2018

Views - 246 Wednesday, 3 April 2019 00:00

Sri Lanka’s leading construction company Maga Engineering was awarded the prestigious ‘Excellence in Engineering Award’ for the fifth time in recognition for its excellence in the Large-Scale Construction sector, at the coveted Excellence in En


The hidden truth about chrysotile

Views - 39 Wednesday, 3 April 2019 00:00

There is a popular adage in our society that goes ‘the devil is not as black as he is painted’. The devil’s blackness and the gradient of black are determined by its creators. Therefore, it’s inevitable for those with an inquisitive mind to s


Today's Columnists

Soaring heights of NPLs in banking

Thursday, 27 June 2019

Capital inadequacy, political interference, abuse of power, wasteful and unproductive expenditure, corrupt deals, circumventions of regulatory directions, unscrupulous lending operations, imposed IMF and WB conditions for reforms, and window-dressed


New Land Policy: Ideal alternate development strategy, but accompanying policies needed

Thursday, 27 June 2019

It is reported that the Government has prepared a law to grant freehold possession of farm land held under lease from the Government. This may be a revision of the Land Development Ordinance (LDO) of 1935. This article proposes to discuss the pros a


Need for an education revolution: Future of our kids and the nation is at risk – Part II

Thursday, 27 June 2019

Lessons to be learnt from the Asian educational giants A journalist of New York Times requested Hideki Shirakawa, a Nobel laureate, to describe Japanese culture. He said, “Fundamentally, Japanese culture is based on rice farming. Rice cultivation r


Country’s reconciliation with English and Moragahakanda

Thursday, 27 June 2019

When the country received independence from British, it was blessed with an efficient administration, a high standard in education, and also sound foreign exchange reserves; the country was admired by other countries. The three major and several mino


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