Category: Real Estate & Construction
Property Market Shows Signs of Growth Despite High Taxes & Bureaucratic Hurdles
Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax policies will foster […]
Capital Trust Properties (Pvt) Ltd. joins Leading Real Estate Companies of the World®
Capital Trust Properties (CTP), recognized as the largest property transaction company in Sri Lanka and a one-stop shop for all real estate services from A to Z, announced its membership in Leading Real Estate Companies of the World® (LeadingRE), the premier global network of independent residential real estate brokerages. This landmark partnership reinforces CTP’s commitment […]
TRI-ZEN by John Keells Properties Celebrates Completion as Largest Residential Development in Heart of Colombo
John Keells Properties and Indra Traders hosted an event on the 28th of February 2025 to mark the successful completion of TRI-ZEN, the largest residential development in the heart of Colombo. Situated in Union Place, Colombo 2, TRI-ZEN is an 897-unit apartment complex designed to redefine urban living by seamlessly blending technology, accessibility, and contemporary […]
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
SL Purchasing Managers’ Index for construction industry expands at slower pace in Aug 2024
Sri Lanka Purchasing Managers’ Index for Construction (PMI -Construction) expanded at a slower pace in August 2024 over the significantly higher level reached in the previous month, recording an index value of 51.4. Further, most of the other indices were also around the neutral threshold, indicating that the operations of the construction industry broadly remained […]
Parliament Approves Offshore Banking Regulations At Port City Colombo
Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ambitious aim to position itself as a formidable regional financial centre, which would attract an increased inflow […]
Port City Colombo signs MoU with Trace Sri Lanka to grow tech industry
Port City Colombo has taken a further step towards establishing itself as a pivotal technology hub in the region by entering into a formal partnership with TRACE Sri Lanka – a leading organization that promotes collaboration, creativity, and entrepreneurship through technology and innovation across disciplines in Sri Lanka. The MOU formalising the partnership was signed […]
‘s CBD See 48-pct Price Increase from 2018 to 2023: LankaPropertyWeb
In 2023, overseas interest in Sri Lankan properties surged by 33% compared to the previous year, as reported in the Real Estate Market Outlook Report 2024 (REMOR24) by LankaPropertyWeb, the leading real estate portal in Sri Lanka. According to the report, the demand for residential apartments in Sri Lanka is set to dominate the market […]
Sri Lanka High Commission in London unveils first ever replica of Colombo Port City abroad
The High Commission of Sri Lanka in London in collaboration with the Colombo Port City Economic Commission (CPEC) and the CHEC Port City Colombo (Pvt) Ltd ceremoniously unveiled a detailed replica of the Colombo Port City on 12 July 2024, showcasing the ambitious and transformative project that is set to redefine Sri Lanka’s economic landscape. […]
Downtown Duty-Free Mall at Port City Colombo geared up for opening as operators get BSI status
Port City Colombo announced that China Duty Free (CDF) and One World Duty Free (ODF) have been granted status as Businesses of Strategic Importance (BSI) by the Cabinet, according to an official Cabinet media statement released on 10th July 2024. This approval paves the way for the commencement of travel retail operations at the upcoming […]
LankaPropertyWeb introduces AI-powered tool to its real estate marketing
LankaPropertyWeb (LPW), a real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing industry. Demonstrating an unwavering commitment to innovation, LankaPropertyWeb introduces two cutting-edge features – the AI-powered social Media Promo Add-On Package and the ML Image Recognition Tool – designed to transform property listings and streamline marketing […]
The Colombo Port City Economic Commission approves 42 companies as AP’s
Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end […]