Letters to the Editor,Property/Construction

High rise buildings and the overall negative impact

Views - 40 Tuesday, 8 May 2018 00:00

There is a boom in the construction industry in our country and quite a large number of multi-storied buildings are coming up overnight all over the place within the city as well as outside. Even in small ‘wattes’ (gardens) one can see single hou


Mobitel introduces ‘do-it-yourself’ smart surveillance solutions for home security

Views - 33 Tuesday, 8 May 2018 00:00

In response to rising demand for reliable modern surveillance tools in today’s challenging world, Mobitel has launched a range of smart wireless surveillance products which offer both value-for-money and real-time security solutions. The National


Serenia Residences gives COYLE members foretaste of luxury beachfront living

Views - 58 Tuesday, 8 May 2018 00:00

Serenia Residences, Sri Lanka’s exclusive beachfront mixed development project located in Talpe, Galle, made their presence felt at the monthly members meeting of COYLE held at the Shangri La Hotel recently. Former President Mahinda Rajapaksa was p


Why Sri Lanka’s unsaturated real estate market works to its advantage

Views - 123 Tuesday, 8 May 2018 00:00

Sri Lanka’s now-vibrant real estate market has developed greatly in recent years. Whilst the current growth trajectory has given way for many opportunities to continuously arise, the sector’s growthhas also seen alongside it the rise in property


The Offices at One Galle Face redefines ultimate workplace

Views - 56 Tuesday, 8 May 2018 00:00

One Galle Face, Colombo’s most prestigious internationally developed and managed mixed-use development project by the Shangri-La group, recently announced that The Offices at One Galle Face – its upscale office space, is now available for leasing


Leadingway debuts Sri Lanka’s first showroom dedicated to access door solutions

Views - 41 Wednesday, 2 May 2018 00:00

Leadingway Ventures Ltd., the nation’s leader of innovative architectural building solutions especially access door operators


Sotheby’s International Realty brand expands luxury presence into Sri Lanka

Views - 114 Wednesday, 2 May 2018 00:00

Sotheby’s International Realty Affiliates LLC signed a 25-year exclusive agreement with India


Australian regulator to end cap on growth in lending to property investors

Views - 18 Wednesday, 2 May 2018 00:00

Sydney (Reuters): Australia’s banking regulator said yesterday it would remove a cap on lending to property investors


INSEE Cement to empower masons across Sri Lanka through skill and knowledge development sessions

Views - 37 Tuesday, 1 May 2018 00:00

INSEE Cement has signed a Memorandum of Understanding (MOU) with the National Enterprise Development Authority (NEDA), in a bid to further advance Sri Lanka’s construction industry standards through the development of skill, knowledge and craftsman


‘Sivilima’ showrooms set up in foreign countries as i-Homes

Views - 33 Tuesday, 1 May 2018 00:00

With the lasting objective of interlinking the ‘Sivilima’ showroom chain with the international market, the IDEA Group has intended to establish a network of showrooms branded as ‘i-Homes’ in foreign countries. As the very first step of this


Global giant CHEC to construct Blue Mountain’s iconic 7-star Achilleion

Views - 71 Tuesday, 1 May 2018 00:00

In a historic move, Sri Lanka’s real estate major, Blue Mountain, has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build Achilleion, its seven-star luxury project, which will be a landmark development in the country and


32-level Renuka Tower to be latest skyscraper

Views - 67 Thursday, 26 April 2018 00:00

Galle Face Properties Ltd., a part of Renuka Holdings Plc, has announced the start of construction of a 32-level mixed development in Colombo 3. Titled ‘Renuka Tower,’ it will have A Grade premium office space, office amenities, service suits, re


Iconic Galaxy announces 50% of its apartments sold within a year of launching

Views - 68 Thursday, 26 April 2018 00:00

Realty major Iconic Developments announced that it had sold 50% of all apartments at its newest, soon-to-be-completed, luxury housing project, Iconic Galaxy. Located in the prime of Rajagiriya’s upscale locality, the sale of half of the 261 apartm


UTE named as Best-Selling Dealer for CAT 426F2 Backhoe Loader

Views - 39 Thursday, 26 April 2018 00:00

Caterpillar Asia Pacific region dealers were hosted by UTE in Sri Lanka for the first time together with 16 Caterpillar representatives at the CAT Backhoe Loader Dealer Advisory meeting from 4 to 6 April.


Cargills Food City to open upscale speciality outlet at Colombo City Centre

Views - 900 Thursday, 26 April 2018 00:00

Cargills Food City, Sri Lanka’s largest supermarket chain, will be expanding their speciality store franchise to Colombo City Centre, addressing the growing demand for gourmet food and groceries in Sri Lanka. The one-of-a-kind Cargills Food City Sp


RIU investor forum gathers momentum

Views - 31 Wednesday, 25 April 2018 00:00

The Research Intelligence Unit, a research and consultancy with a global presence is gearing up to host its annual edition of RIU Investor


Krishma by Home Lands Skyline commences construction

Views - 34 Wednesday, 25 April 2018 00:00

An ideal uptown locality in Morris Rajapakshe Mawatha, Sri Jayawardenapura Kotte, just one minute away from Sri Jayawardenapura


New ISO standard for facility management just published

Views - 21 Wednesday, 25 April 2018 00:00

www.iso.org: If the future of work is all about employee experience, what about the workplace? The need to keep on top of the ever-


Piling commences at Ekroma Fortune site as city awaits this Grade A commercial space

Views - 50 Wednesday, 25 April 2018 00:00

Ekroma has awarded its piling contract to D P Jayasinghe Ltd. for its Grade A office space project, Ekroma Fortune


Nivasie Developers completes Orchid Apartments 2

Views - 26 Wednesday, 25 April 2018 00:00

The third and final phase of the stunning 22-acre prime Orchid projectin Malabe, Orchid Apartments-2 is now successfully


Premium paintbrush launched by Macksons under Multilac brand

Views - 14 Friday, 20 April 2018 00:00

Macksons recently announced the launch of a premium quality paintbrush to the market, under the company’s popular flagship brand


Suncity’s Prestige Tower completed ahead of schedule

Views - 95 Friday, 20 April 2018 00:00

Property developer and construction company, Suncity Property Developers announced the completion of Prestige Tower, recently.


London’s skyline soars with more than 500 skyscrapers in pipeline

Views - 33 Friday, 20 April 2018 00:00

London (Thomson Reuters Foundation): The number of high-rise buildings being planned or built in London has risen above 500


Singapore proposes allowing some Airbnb type rentals but with cap

Views - 15 Friday, 20 April 2018 00:00

Singapore (Reuters): A Singapore court fined two Airbnb hosts a total of S$ 60,000 ($ 45,800) each recently for unauthorised


Urbanisation and the Port City Plan

Views - 31 Friday, 20 April 2018 00:00

The Minister of Megapolis and Western Development Patali Champika Ranawaka made an important point at an event which was held recently


World’s first commercial Hyperloop system between Abu Dhabi and Dubai

Views - 32 Friday, 20 April 2018 00:00

Hyperloop Transportation Technologies (HyperloopTT) has signed an historic agreement with Aldar Properties, a leading


Infra spend rebounds in developing countries: WB

Views - 16 Friday, 20 April 2018 00:00

Multibillion-dollar projects, more target countries, and more government support fuelled a 37% rebound in private sector


Is Sri Lanka one of the least urbanised countries on Earth?

Views - 45 Friday, 20 April 2018 00:00

Population data suggests that Sri Lanka is one of the least urbanised countries on earth. Recent spatial analysis challenges


Worldsteel raises forecast for 2018 global steel demand growth to 1.8%

Views - 28 Thursday, 19 April 2018 00:14

LONDON (Reuters) - Global steel demand will grow 1.8% this year and 0.7% next year, driven by favourable world economic momentum, though the market faces risks from rising trade tensions, the World Steel Association (worldsteel) said on Tuesday.


Singapore proposes 80% consent rule for condos to offer Airbnb-style home-sharing

Views - 34 Thursday, 19 April 2018 00:00

http://www.straitstimes.com: SINGAPORE: Condominium owners who want to rent out their property for short-term stays can do so if owners holding on to at least 80% of the development’s share value, agree to allow such rentals, the


Today's Columnists

Crisis-ridden Sri Lanka economy: Time for economics to prevail on politics

Monday, 25 June 2018

Sri Lanka’s official statistics bureau, Department of Census and Statistics or DCS, has released the country’s 2018 first quarter provisional economic growth data in its website (available at: http://www.statistics.gov.lk/national_accounts/dcsna_


In defence of State banks – The Basel III phobia is the sword of Damocles over their heads!

Monday, 25 June 2018

Time and again over the last year, and more recently in fact, the sceptre of Basel III has raised its head in the print and electronic media.


Great ‘Gamperaliya’: A great novel made into a great film by a great director

Saturday, 23 June 2018

‘Gamperaliya’ (Changes in the Village/Changement au Village) was the third feature film made by ace director Lester James Peries. It was released on 20 December 1963.The film was based on the famous novel of the same name written by the doyen of


Thushani takes Todos to new heights

Saturday, 23 June 2018

Thushani Rodrigo has always amazed me. From the very first day I met her, I have been in awe of her strength, courage and grace and constantly impressed by her creativity. The discipline and commitment she brings to her work, her farsightedness and h


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