Property/Construction

Investors in luxury still bullish on Sri Lanka

Views - 3 Tuesday, 18 December 2018 00:00

With aspirations to invigorate and inspire luxury hospitality in the region, Sri Lanka-based The Plantation Luxury Villas announced the launch of its newest development of luxury villas, at an event held at The Heritage Café in Galle on Thursday, 13


MillionSpaces emerges as largest marketplace for event venues with 1,000 listings

Views - 11 Thursday, 13 December 2018 00:00

MillionSpaces, a novel platform that lets users discover and book hundreds of unique spaces online, recently listed a total of 1,000 spaces on its website, just under a year after its launch in December 2017. With 1,000 unique listings and counting,


How engineers are straightening the Leaning Tower of Pisa

Views - 10 Thursday, 13 December 2018 00:00

PISA, AFP: “It’s still straightening,” said engineer Roberto Cela, gazing at the Leaning Tower of Pisa gleaming in the autumn sunshine of northern Italy. “And many years will have to pass before it stops.” The gravitationally-challenged lan


Grit Property Group goes global and widens scope for international investment

Views - 12 Thursday, 13 December 2018 00:00

Grit Property Group, the property investment experts after its success in Australia, expands its real estate investment offerings to key overseas properties in UK, USA, Canada, Europe, Thailand and Malaysia including Australia, giving its investors m


‘The One – Sri Lanka’ project’s The Ritz – Carlton Tower hits 24 floors in record time

Views - 1257 Thursday, 13 December 2018 00:00

Developers of ‘The One – Sri Lanka’ project The One Transwork Square Ltd. announced that it has completed 24 floors of the 80-floor hotel and residential tower in “record time” by early December. Meanwhile, The One Transworks Square has fu


Serenia Residences sees healthy demand from foreign and local investors

Views - 56 Thursday, 13 December 2018 00:00

Serenia Residences in Talpe, Galle comprising of 47 beachfront apartments set on a 100 meters of a private beach, including two and three bedroom residences, two garden villas with private plunge pools and three duplex penthouses, with all 47 residen


ICC expands condo developments from Nilaveli to Galle

Views - 17 Thursday, 13 December 2018 00:00

2016 saw the birth of Oceanfront Condominiums, the brainchild of International Construction Consortium Ltd Chairman and co-founder Harsha De Saram. Upon witnessing the success of beachfront vacation condominiums in the coastal areas of Australia and


UTE Engineering wins Gold at Construct 2018 Awards

Views - 11 Monday, 10 December 2018 03:12

Sri Lanka’s leading engineering solution’s company United Tractor & Equipment Ltd., showcased its unmatched leadership in the construction industry through its service offerings, winning multiple prestigious awards at the recently concluded Const


Jaffna University team wins INSEE-IESL Concrete Challenge 2018

Views - 8 Monday, 10 December 2018 03:08

INSEE Cement in partnership with the Institution of Engineers Sri Lanka (IESL) announced the winners of the INSEE-IESL Concrete Challenge 2018 at the Galle Face Hotel during the Techno 2018 Engineering and Technology Exhibition Awards Ceremony. The a


SLIA signs MoUs with key sponsors for 2019 Annual Sessions

Views - 12 Monday, 10 December 2018 02:59

The 37th Annual Sessions of the Sri Lanka Institute of Architects (SLIA) are scheduled to be held from 20-24 February 2019 at the BMICH Colombo comprising a series of events including the prominent ‘A’19- Members’ Work and Trade Exhibition’ b


Tokyo Cement Group, only cement company acclaimed amongst Business Today TOP 30 for 2018

Views - 11 Monday, 10 December 2018 02:56

Tokyo Cement Group has been ranked amongst the Business Today TOP 30 of the year 2018, reinstating its dominance in the construction industry in Sri Lanka.This is the second consecutive year Tokyo Cement Group’s performance is being highlighted amo


Sotheby’s International Realty to take SL residential developments, ultra-homes global

Views - 71 Thursday, 6 December 2018 01:10

The Sotheby’s International Realty (SIR) global team was present in Sri Lanka recently for the marketing launch of its inaugural project, the iconic Sapphire Residences by ITC, which is being marketed to a global audience by Sri Lanka Sotheby’s I


JAT Holdings celebrates 25 years of transforming spaces

Views - 22 Thursday, 6 December 2018 01:09

With a promise of ‘Transforming Spaces’, diversified conglomerate JAT Holdings has been true to their promise and celebrates 25 years of transforming lives through their products and services in 2018.


Crystal Sands set to enter Sri Lanka’s property market in luxurious fashion

Views - 115 Thursday, 6 December 2018 01:08

Crystal Sands is set to enter Sri Lanka’s property market in luxurious fashion. The exclusive condominiums are situated on a stretch of tranquil beach in-between two of Sri Lanka’s hottest tourist destinations – Hikkaduwa and Galle. With just 2


Capitol TwinPeaks announces December deadline on purchase of customisable duplexes

Views - 34 Tuesday, 4 December 2018 00:00

Capitol TwinPeaks, a venture under Sanken Group, located at Union Place, Colombo 2, offers customers the option of customisable duplexes, available for selection until mid-December 2018. The twin 50-storey, interlocking skyscrapers are an architectu


Trina Solar launches Trinahome in Sri Lanka

Views - 50 Tuesday, 4 December 2018 00:00

Trina Solar, the global leader in total energy solutions, last week launched its Trinahome solar system into Sri Lanka. The launch coincided with ‘The Solar Show’ at the Sri Lanka Exhibition and Convention Centre from 28-29 November. Top manage


JAT Holdings sponsors gala SLIA Awards Night 2018

Views - 18 Tuesday, 4 December 2018 00:00

One of Sri Lanka’s fastest growing diversified conglomerates JAT Holdings was recently the proud sponsor of the prestigious Sri Lanka Institute of Architects (SLIA) Awards Night 2018. The gala awards ceremony was held at the Hilton Colombo and was


Experience the luxuries of everyday living at The Residences at One Galle Face

Views - 78 Tuesday, 4 December 2018 00:00

The Residences at One Galle Face recently commemorated a project milestone of initating apartment handovers to the respective home owners. To mark the occasion, the prestigious luxury apartment complex hosted a preview of their expansive Clubhouse pr


Serenia Residences construction on schedule; completion by December 2019

Views - 139 Wednesday, 28 November 2018 00:00

With completion as promised on track by December 2019, Serenia Residences is making quick progress each day. After a mere seven weeks since the ground breaking, a lot has been achieved on the construction front. The next important milestones is the


Tamba Villas says good things are going fast

Views - 31 Wednesday, 28 November 2018 00:00

In 1824 a tea plant was smuggled to Ceylon by the British from China. 43 years, later in 1867, a British planter called James Taylor started the first tea plantation. This marked the beginning of the tea industry in Sri Lanka. Today Sri Lanka is the


Emerging markets real estate platform Lamudi receives investment from Ringier AG and Axel Springer

Views - 20 Wednesday, 28 November 2018 00:00

Lamudi Sri Lanka, one of the leading real estate platforms, has announced that the company has recently welcomed media and digital marketplaces companies Ringier AG and Axel Springer as new strategic investors. Both companies will share a seat in th


Three Sinha opens state-of-the-art showroom in Matara

Views - 16 Wednesday, 28 November 2018 00:00

Three Sinha Industries Ltd. in a bid to introduce its novel concept in roller doors and shutters, swing gates, aluminum fabrications, steel buildings, solar panels, fireproof doors and kitchen units to southern Sri Lanka opened a state-of-the-art sho


ITC Sapphire uber-luxury residences launched in London

Views - 35 Friday, 23 November 2018 00:00

ITC Hotels unveiled their uber-luxury ‘Sapphire Residences’ located in the heart of Colombo to an international audience comprising real estate and investment communities, Sri Lankan diaspora and the media at London’s prestigious Dorchester Hot


Capitol TwinPeaks poised to be Colombo’s prime real estate opportunity for 2019/2020

Views - 31 Friday, 23 November 2018 00:00

Capitol TwinPeaks, a venture under Sanken Group, located at Union Place, Colombo 2, is poised to be Colombo’s prime real estate opportunity for 2019/ 2020 based on 3-factor analysis: location, time, and quality. Real estate investment involves a r


Sri Lankan construction companies seek business opportunities in Ethiopia

Views - 170 Friday, 23 November 2018 00:00

A delegation from Major Constructors of Sri Lanka (MCSL) representing Sanken Overseas Ltd., Saw Engineering Ltd., Vee Power Ltd. and ELS Construction Ltd., had a business promotion mission in Ethiopia during the first week of November. Under the patr


Enjoining order against Regent Property Developers Lanka in Regent Residencies case extended

Views - 25 Friday, 23 November 2018 00:00

The enjoining order issued against Regent Property Developers Lanka Ltd. in case number CHC 205/18/MR was extended by the Commercial High Court in a recent inter partes order of the court. The order was delivered by Commercial High Court Judge Ruwa


‘Bawa Staircases’ book at Barefoot

Views - 25 Friday, 23 November 2018 00:00

‘Bawa Staircases’ is a compelling addition to the works on the architectural legacy of Sri Lanka’s preeminent architect, Geoffrey Bawa. Aimed at students, professionals and his numerous admirers, Bawa Staircases focuses on his fascination with


Capitol TwinPeaks poised to be Colombo’s prime real estate opportunity for 2019/2020

Views - 46 Monday, 19 November 2018 00:11

Capitol TwinPeaks, a venture under Sanken Group, located at Union Place, Colombo 2, is poised to be Colombo’s prime real estate opportunity for 2019/ 2020 based on 3-factor analysis: location, time, and quality. Real estate investment involves a r


Altair adjudged Best Condo in Asia for Architectural Design

Views - 69 Monday, 19 November 2018 00:09

Sri Lanka’s contemporary architectural masterpiece Altair has beaten condominium developments in 15 countries in Asia including Singapore, Hong Kong, Japan, China and Australia, to win the Best Condo Architectural Design A


Aqua Vita Residencies project officially launched at National Art Gallery, Maldives

Views - 65 Monday, 19 November 2018 00:09

NPH Developers Ltd. (NPHD), a joint venture between Ayenka Holdings Ltd. Sri Lanka and NPH Investments Ltd. (NPHI) Maldives, successfully launched the Aqua Vita Residencies Project of 104 unique luxury apartments allotted across 14 floors, making it


Today's Columnists

Tweaking the New Inland Revenue Act (Part II)

Tuesday, 18 December 2018

In the backdrop where the recent amendment to the country’s supreme law is called in question, it may be appropriate to recall that the passage of the new Inland Revenue (IR) Act through Parliament was far more controversial. Nevertheless, the new


Advancing gender parity in Sri Lanka

Tuesday, 18 December 2018

Asia-Pacific today is a true engine of growth in the world—a region that has barely tapped its potential to develop, invest, and innovate. But as the region speeds ahead, the dynamics of its workforce, one that was predominantly male in the past, i


Things to do in a Democracy when you’re dead…

Tuesday, 18 December 2018

In yesterday’s column, I argued a case for not impeaching the chief executive of the coup that has left our country situation in ruins. At the end of a pitched battle between the forces of unconstitutional ambition on one hand and democratic resist


What’s next after the Supreme Court decision?

Tuesday, 18 December 2018

Last Thursday, just before the courts closed for Christmas holidays, the Supreme Court, sticking strictly to a legalistic path, put an end to the controversial issue of defining the powers of President Maithripala Sirisena, leaving the nation to wres


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