Property/Construction

Elysian Residencies almost sold out due to growing capital gains and rental yields

Views - 39 Tuesday, 26 February 2019 00:00

Elysian Realty’s recently completed residential project that is available for immediate occupancy, Elysian Residencies in Mount Lavinia, announce final two units available for purchase. This near completion of sales is mainly due to its location va


Marina Square making history at heart of tomorrow’s Colombo

Views - 113 Tuesday, 26 February 2019 00:00

It is a well-known fact that the world’s emerging cities are formed and reshaped based on and around major infrastructural developments just like Colombo city emerged in history, around the then Port of Colombo which goes back to the colourful Silk


PropertyGuru appoints Jules Kay as Director  to drive growth for ‘Asia Property Awards’

Views - 33 Monday, 25 February 2019 00:10

PropertyGuru Group, Asia’s leading property technology company, announces the appointment of Jules Kay as Director of its industry leading business, ‘Asia Property Awards’. The Awards are Asia’s largest, and with its independent judging pane


447 Luna Tower reaches 35th Level

Views - 277 Monday, 25 February 2019 00:09

447 Luna Tower reached the sixth phase of construction with completion of the parking levels in April 2018. At 45-storeys high, with 190 upscale apartments, located in the heart of Colombo, it is a match for any of its competitors, but where it truly


Sapphire Residences ‘Sky Mansions’ Tower above Galle Face Centre reaches 40th floor

Views - 221 Monday, 25 February 2019 00:08

Sapphire Residences, Colombo’s landmark development under construction on Galle Face Centre, continues to rise impressively with a new floor added every week. The residential tower has already reached the 40th floor – which is 80% of the proposed


‘Now is the time to buy’ is the chorus of property experts at Lanka Property Show 2019

Views - 150 Monday, 25 February 2019 00:07

Sri Lanka’s flagship real estate event of the year, the Lanka Property Show 2019, was concluded successfully, drawing praise from both exhibitors and visitors. The event, which was organised by one of Sri Lanka’s reputed property web portals Lank


Altair a top attraction at Maldives Living Expo 2019

Views - 39 Monday, 25 February 2019 00:05

Sixteen months after structural construction was completed, Sri Lanka’s showpiece high-rise Altair continues to be an attention-grabber in markets around the world with the latest being the Maldives, where the development was one of the biggest att


CCI seminar on fire risk in buildings a success

Views - 45 Friday, 15 February 2019 00:00

The Chamber of Construction Industry Sri Lanka held a seminar on the fire risk in buildings on 29 January at the Sri Lanka Foundation Institute, Colombo. The seminar had a large participation evidenced from the numerous representative groups who par


A piece of Italy at Serenia Residences in Talpe, Galle

Views - 112 Friday, 15 February 2019 00:00

Serenia Residences, a private collection of 47 beachfront residences, is focusing on unparalleled amenities and boutique hotel-style services at their state-of-the-art residences in Talpe, Galle. Serenia Residences have a sweeping ocean view through


Nippon Paint sparks Sri Lankan edition of Asia Young Designer Awards 2018

Views - 37 Friday, 15 February 2019 00:00

Nippon Paint, one of the largest paint manufacturers in Sri Lanka held the Nippon Paint Asia Young Designer Awards (AYDA) 2018 (Sri Lankan edition) for the third consecutive year in collaboration with the Sri Lanka Institute of Architects (SLIA). The


CIOB introduces ‘Lean Construction Management’ concept to minimise high construction costs

Views - 169 Friday, 15 February 2019 00:00

The Ceylon Institute of Builders (CIOB) has partnered with the South Asian Lean Construction Institute to introduce a new study program on Lean Construction Management especially targeting businessmen and professionals in Sri Lanka’s construction i


Grit Property Group announces relocation to accommodate growth and expansion

Views - 36 Thursday, 14 February 2019 00:00

Grit Property Group announced the relocation of its company office to support the rapid expansion of the business. The new office space is located at 64, Davidson Road, Colombo 4, a high visibility location on Duplication Road. The move was effective


Clearpoint Residencies, a benchmark in residential high-rise developments

Views - 749 Thursday, 14 February 2019 00:00

The smallest apartment at Clearpoint Residencies is 2,300sqft. This was deliberate; as conceptually the idea was to build vertical mansions with their own terraces and gardens. The smallest terraces are 400sqft (combined), while there is 25 linear fe


Kelsey Homes launches Urban Gateway, Kottawa

Views - 137 Thursday, 14 February 2019 00:00

Following the successful launch and rapid progress of three projects, Verdant Villas – Negombo, Urban Heights – Wattalaand Riverside –Bollegala, Kelsey Homes is scheduled to launch their latest project; Urban Gateway in Kottawa. Kottawa is con


Colombo’s skyline becomes home to highest skybridge in South Asia

Views - 1218 Monday, 11 February 2019 00:03

Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, recently set a record for the highest sky bridge in South Asia. The remarkable aerial feet of engineering is part of the Rs. 25 bil


Iconic Galaxy’s irresistible offer makes finest residences within easy reach

Views - 48 Monday, 11 February 2019 00:02

Believing that every home buyer should be given an opportunity to enhance his or her lifestyle by helping them customise their cash flows, Iconic Galaxy recently announced a first-of-its-kind, easy financing option for the aspiring home buyer. Valid


Capital Trust Holdings Sri Lanka recognised amongst ‘Asia’s Greatest Brands 2018’

Views - 61 Monday, 11 February 2019 00:02

Capital Trust Holdings Ltd. has received the ‘Asia’s Greatest Brands 2018’ Award in the ‘Diversified’ category. Further, Capital Trust Holdings Ltd. Chairman/CEO Tushan Wickramasinghe has received the ‘Asia’s Greatest Leaders 2018’ Aw


‘Home and Fortunes’ interactive session with Vaastu and Feng shui expert from India

Views - 15 Monday, 11 February 2019 00:01

‘Home and Fortunes – Tips for simple adjustments within the home and office to reap the good tidings in store in 2019’, an interactive session with Vaastu and Feng shui expert from India S.B.S Surendran will be held on 15 February at 6.00 p.m.


The ‘Loft’ Mirissa by Provident Capital completes piling

Views - 68 Thursday, 7 February 2019 01:04

Provident Capital Ltd.’s iconic ocean side holiday home project The ‘Loft’ Mirissa is well on its way for the construction and hand over of its apartments by the third quarter of 2020. The piling undertaken by ATIS Engineering Services Ltd. ha


Real estate investment in Colombo expected to triple in seven years

Views - 259 Thursday, 7 February 2019 01:00

At the close of 2018, as Sri Lanka continued to experience economic and political uncertainty, the real estate industry of the nation continued to experience steady local and international interest within the super luxury (priced at $ 400- 550 per sq


Altair architect Moshe Safdie named Laureate of 2019 Wolf Prize in Architecture

Views - 37 Tuesday, 5 February 2019 00:19

The architect of Altair, Sri Lanka’s paradigmatic high-rise edifice, Moshe Safdie has been named the Laureate in Architecture by the jury committee for the 2019 Wolf Prize, considered the second most important in the world after the Nobel Prize. To


Trade in your land/estate for a brand new apartment or house

Views - 70 Tuesday, 5 February 2019 00:16

Here is your chance to benefit from a first of its kind housing revolution in Sri Lanka from Prime Group, the pioneer in real estate with a remarkable track record of successfully launching new concepts in housing, apartments, marketing, construction


Lanka Property Show 2019 to provide complete property solutions under one roof

Views - 50 Tuesday, 5 February 2019 00:11

Sri Lanka’s flagship real estate event of the year, the Lanka Property Show 2019 will return for the fourth successive instalment, which will be heldon 9and 10 February at The Kingsbury’s Balmoral Hall. The event is organised by LankaPropertyWeb,


“Sri Lanka’s infrastructure growth ideal for REITs”: MTI

Views - 456 Tuesday, 5 February 2019 00:00

Given the recent CSE announcement that REITs will be introduced to Sri Lanka, MTI’s Corporate Finance practice (with regional partners who have REIT expertise) have opined that “Sri Lanka is primed for REITs – given the rapid growth in its infr


ACL Cables powers distribution network with own fleet of vehicles

Views - 27 Thursday, 31 January 2019 00:37

Sri Lanka’s No. 1 cable entity, ACL Cables PLC distributed a total fleet of 48 lorries recently to its entire distributor network islandwide. Eighteen lorries were handed over during the initial phase held several months ago at ACL Cables head off


INSEE Cement drives rebuilding efforts in flood-ravaged north

Views - 31 Thursday, 31 January 2019 00:36

INSEE Cement together with the Divisional Secretariats of Puthukkudiyiruppu, Oddusuddan and District Secretariat of Kilinochchi, supported rebuilding and renovation efforts of the flood-affected Northern Province with the distribution of INSEE Sansth


Serenia Residences hosts intimate ‘Meet the Developer’ this weekend

Views - 50 Thursday, 31 January 2019 00:35

Colombo-based real estate development firm, Serenia Ltd. will host an exclusive event featuring an intimate discussion and a walk-through of the site with the partners and developers of Serenia Residences. The event will take place within the project


CBH Lands appoints Property Finder International as its exclusive real estate agent

Views - 43 Thursday, 31 January 2019 00:33

CBH Lands Ltd., the leading real estate investor and developer in the Kurunegala District, has appointed Property Finder International Ltd., a highly-reputed real estate agency, as an exclusive real estate agent. This landmark relationship means tha


Global steel production hits 1.81 b MT

Views - 20 Thursday, 31 January 2019 00:32

Global crude steel production has reached roughly 1.81 billion metric tons (mt) in 2018, up 4.6% compared to the previous year, said the World Steel Association in its latest report, showing a rate of increase substantially higher than expected level


Groundbreaking ceremony kicks off construction for TRI-ZEN

Views - 599 Wednesday, 30 January 2019 00:20

John Keells Properties celebrated the beginning of construction for its newest development, TRI-ZEN, during a special groundbreaking ceremony on 25 January, held at the site located at Union Place, with additional access from Braybrooke Place.


Today's Columnists

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch


Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further


What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available


On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q


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