PropertyGuru Asia Property Awards (Sri Lanka) shortlists country’s best developers of 2017

Wednesday, 6 September 2017 00:00 -     - {{hitsCtrl.values.hits}}


  • Sri Lanka’s most outstanding developers will compete in Asia’s most prestigious regional real estate tilt to be held in Singapore this November
  • Sri Lanka debuts in the PropertyGuru Asia Property Awards Grand Final with 9 shortlisted companies competing in condominium, residential and commercial categories
  • Full domestic awards program to be held in Colombo planned for 2018

PropertyGuru, Asia’s foremost online property company, has named the final shortlist of nominees for the PropertyGuru Asia Property Awards (Sri Lanka) 2017 across the condominium, residential and commercial categories.

Sri Lanka joins the esteemed PropertyGuru Asia Property Awards series for the first time in its 12-year-history as the programme expands to emerging markets this year to recognise Asia’s finest real estate developers.

Leading the finalists are Home Lands Skyline Ltd. and Blue Ocean, scoring three places in the shortlist each. Vertical living specialist Home Lands Skyline collects two shortlists in the condo categories, while Blue Ocean, a part of one of the island’s largest conglomerates, takes two design nods. The two firms are also up for special awards in corporate social responsibility or sustainable development.

Two-time nominees D.P Jayasinghe and Widac Commercial Interiors (Pvt) Ltd. both earn citations in the office categories. 

According to a recent report by JLL Sri Lanka, the market expects a strong demand for Grade-A office spaces as the local Government ramps up infrastructure improvement projects as well as interest from foreign investors rises.

In the residential categories, Capital Trust collects two nominations, while Shangri-La, Grand Capital Residencies, Blue Mountain, and Balmond Studio round up the shortlist with one nod each.

Under the supervision of BDO, the world’s fifth largest auditing and accounting firm, the nine shortlisted Sri Lankan developers and 12 developments were chosen in the last six months by an independent panel of judges comprising six industry experts led by Chairman Dr. Nirmal De Silva, co-founder and CEO of Paramount Realty. 

“I am pleased with the enthusiasm shown by local developers to participate in the inaugural PropertyGuru Asia Property Awards (Sri Lanka) edition. It exemplifies their commitment to be recognised amongst the best at a regional level. I have been impressed with the design, functionality and processors put in place by the local developers during the site visit stage of the program. Overall, it is evident that we are reaching world-class standards in the local real estate sphere.”

De Silva’s colleagues on the judging panel are Stephanie Balendra (Director, SB Realtors Ltd.); Roshan Madawela (Director and Founding CEO, Research Intelligence Unit); Emeritus Prof. Chitra Weddikkra (Managing Director, QServe Ltd.); Steven Mayes (Managing Director, JLL Sri Lanka); and Sanjana Fernando (CEO, Wolvert Apartments).

Sri Lankan developers will be honoured during the seventh annual gala dinner of the PropertyGuru Asia Property Awards Grand Final to be held on Wednesday, 8 November, at the Marina Bay Sands Expo and Convention Centre in Singapore.

Domestic winners from Sri Lanka will also compete later that same evening with other Asian markets for regional accolades, including categories for the Best Developer, Best Mixed Use Development and Best Condo Development in Asia.Terry Blackburn, Founder and Managing Director of the PropertyGuru Asia Property Awards, said: “It is important for Sri Lanka to have a detailed and respected awards program that sets a benchmark for recognising quality real estate in the country. We are delighted to introduce our awards series that is known across the region for fair judgement and transparency of process to Sri Lanka.”

Because of the positive reception of local developers for the Sri Lankan tilt, Blackburn said that PropertyGuru has planned to hold a domestic gala dinner and ceremony in 2018 with an expanded awards scheme to include more than 20 categories – up from this year’s 13 – covering various segments to represent the best real estate on the entire island.  

Presented by title sponsor Kohler, the PropertyGuru Asia Property Awards 2017 gala dinner in Singapore is supported by co-sponsors Regus and Mitsubishi Electric; official portal partner; official portal partner in Sri Lanka,; official South Korea newspaper Korea Economic Times; media partners Oxford Business Group, Southeast Asia GLOBE,, and PropertyGuru Property Report; and official supervisor BDO.

The PropertyGuru Asia Property Awards 2017 takes place alongside the two-day PropertyGuru Asia Real Estate Summit, a top-level networking conference for C-level executives and industry leaders to discuss the future of Asia’s dynamic property sector to be attended by more than 100 delegates and global speakers.

For more information about the PropertyGuru Asia Property Awards (Sri Lanka), email [email protected] or visit the official website: