Property/Construction

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

Views - 96 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 - 68 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 - 24 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 - 52 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 - 51 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 - 68 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 - 35 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 - 40 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 - 29 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 - 69 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 - 40 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 - 66 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 - 103 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 - 46 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 - 120 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 - 127 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 - 34 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 - 234 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 - 311 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 - 254 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 - 41 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


BuildEx Maldives in August

Views - 53 Wednesday, 3 April 2019 00:00

The Maldives National Association of Construction Industry along with Lanka Exhibition & Conference Services Ltd. is proud to present Buildex Maldives 2019, to be held on 22, 23 and 24 August in Malé. The exhibition has been setup to cater to the c


UK house prices edge up, London falls again

Views - 27 Tuesday, 2 April 2019 00:00

LONDON, (Reuters): British house prices picked up only a little bit of speed this month as the approach of Brexit weighed on the housing market, data from mortgage lender Nationwide showed on Friday. Prices rose by 0.7% in annual terms in March, up


Australia home prices fall in March, pace of decline slows

Views - 28 Tuesday, 2 April 2019 00:00

SYDNEY, (Reuters): Australian home prices fell again in March as credit conditions remained tight and investors stayed away, though the pace of decline slowed as more auctions found buyers. Monday’s report from property consultant CoreLogic showe


Singapore first-quarter home prices fall most since 2016, luxury hardest hit

Views - 22 Tuesday, 2 April 2019 00:00

SINGAPORE (Reuters): Singapore’s private residential prices fell the most in two-and-a-half years in the first quarter, with values of high-end homes have the biggest decline in a decade, following last year’s surprise tightening of property mark


RE/MAX Sri Lanka in strategic franchise partnership with Kumar Sangakkara and Crystal Property Group

Views - 360 Tuesday, 2 April 2019 00:00

RE/MAX Sri Lanka which is part of the world’s No. 1 real estate brand signed its latest franchisee into its portfolio with cricketing legend Kumar Sangakkara, as Crystal Group Properties becomes RE/MAX Crystal Properties. Kumar’s partnership with


Dynasty Residencies project completed

Views - 594 Tuesday, 2 April 2019 00:00

The construction of Kandy’s first-ever mixed development real estate project has now been completed. Dynasty Residencies is a 19-storey residential apartment complex with superior amenities developed by GVR Lanka; a BOI approved Real Estate and Pr


LankaPropertyWeb records growth and success

Views - 37 Friday, 29 March 2019 00:00

Sri Lanka’s leading real estate website LankaPropertyWeb.com recorded another successful year in 2018, showing an extraordinary growth in traffic and other vital metrics to the website. Buoyed by the demand for rentals, new developments and sales,


Serenia continues to attract discerning clientele

Views - 118 Friday, 29 March 2019 00:00

Serenia Residences, the luxury development of 47 fully serviced residences located on the ‘Million Dollar Golden Mile’ in Talpe, Galle continues to attract demanding buyers seeking the south coast beachside lifestyle with luxury and convenience


Dispute avoidance in construction contracts a must

Views - 260 Wednesday, 27 March 2019 00:00

Standing dispute adjudication boards in construction projects should seriously practice their role in dispute avoidance in contracts, said Dispute Resolution Board Foundation (DRBF) Sri Lanka Country Representative Malith Mendis at the DRBF Regional


Today's Columnists

We should sell our water

Monday, 22 July 2019

When you read the title of this article, you will probably feel disgusted with me as selling our water has been a controversial topic since a long time ago. By the way, I am talking about virtual water trade and you would be surprised to know that we


A voice of compassion amid howls of zealotry

Monday, 22 July 2019

The unrestrained freedom extended by the current regime to a bunch of saffron-clad street vendors of Sinhala Buddhist zealotry is pushing Sri Lanka once again into a cauldron of ethnic and religious convulsion. The nationwide spread and virulence of


Roger Beteille: The man who reinvented the commercial airliner

Monday, 22 July 2019

The visionary engineer, pilot and manager who led Airbus to some its most significant decisions, passed away last month. Beteille, who was the head of French aircraft manufacturer Sud Aviation’s flight testing section, was made technical director


“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


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