House & Apartment Prices accelerates with Escalating Construction Costs In Sri Lanka
The recently released Q2 data of the House Price Index of LankaPropertyWeb showed that the overall selling prices of apartments increased by 45.17% when compared to Q2 of 2021. According…
Construction of new elevated highway in progress
The highways Minister Johnston Fernando had reviewed the progress of the new highway project, which spans from Ingurukade junction to Colombo Port city. The project is to be completed and…
Investment Insights on Port City and Cinnamon Life Presented to International Audience
With Colombo Port City and Cinnamon Life emerging as Sri Lanka’s most attractive investmentopportunities in the property and leisure sectors, a webinar hosted recently by the Sri Lanka CanadaBusiness Council…
Soaring Construction Materials Costs Drives Forex-Crisis-hit Sri Lanka’s Housing Prices To An All-Time High
The overall selling prices of houses had increased by 22.53% and apartments by 17.68% in Q4 2021 when compared to Q4 of 2020, indicating an all-time high price, according to…
Colombo Port’s East Container Terminal’s Construction Second Phase Begins
Construction of the second phase of the Eastern Container Terminal (ECT) of Colombo harbor commenced today (12th) morning under the patronage of President Gotabhaya Rajapaksha and Prime Minister Mahinda Rajapaksha.…
LOLC Group Locks In Leasehold Rights of another Two Land Plots in Colombo Port City for $98M
Browns Investment PLC, the strategic Investment Arm of Ishara Nanayakkara-controlled LOLC Group moves to invest in key leisure and tourism projects of Chinese-backed Colombo Port City (CPC) as it secured…
Potential Russian Nuclear Power Plant In Sri Lanka Not On SPIEF Agenda
(UrduPoint News / Sputnik) The prospective plans for Russia to develop a nuclear power plant for Sri Lanka are not part of the agenda of this year’s St. Petersburg International Economic Forum (SPIEF), Sri Lankan State Minister of Money and…
Delhi-Colombo-Beijing triangle undergoes another shift
By Professor Harsh V Pant Chinese Defence Minister Gen. Wei Fenghe was in Sri Lanka last week seeking to shore up support for Chinese projects at a time when new…
Prime Lands Residencies Expects Rs.10B Cashflow from Pre-sold units over next 2-3 years
The latest IPO entrant to Colombo Stock Exchange (CSE), Prime Lands Residencies (PLR) expects nearly Rs 10 billion cash flow over the next 24-36 months from its pre-sold apartments stock,…
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The real estate industry needs to transform to serve the needs of people and cities
The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic…