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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka gives 25-year tax holiday to Port City CHEC real estate unit

IFC Colombo 1 will invest 142.71 million dollars

July 21, 2025 2 min read

Blackstone-backed Ventive exploring resort development in Sri Lanka

Ventive Hospitality’s portfolio includes 11 operational hotel in India and the Maldives

July 17, 2025 1 min read

Sri Lanka Altair acquisition by Blackstone advised by TWC

The property has unsold inventory

July 17, 2025 1 min read

Sri Lanka to call proposals to develop colonial era 'rest houses'

UDA will take-over and call proposals to develop 44 rest houses

July 14, 2025 1 min read
RR Construction gets Rs984.73mn contract to upgrade Sri Lanka’s Kurikadduwan jetty

The jetty, in the island's northern district, has boat services to Nainativu and Delft islands.

JICA gives Sri Lanka's RDA drones to boost landslide prevention

The drones were given in response to an urgent request from RDA after Cyclone Ditwa.

Sri Lanka's Vallibel Properties to build 16-storey office tower

Sri Lanka's Vallibel group will construct an 16-story office building in Colombo 03, at a cost of 8.1 million US dollars...

July 29, 2020 1 min read

Sri Lanka Wayamba Uni tech faculty deal goes to Sathuta Builders

A contract to build the Faculty of Technology at Sri Lanka's Wayamba University has been awarded the Sathuta Builders (P...

July 26, 2020 1 min read

Sri Lanka Rs3bn tech campus building deal goes to Maga-ICC

A contract to build Faculty of Computing and Technology at Sri Lanka's University of Kelaniya for three billion rupees h...

July 12, 2020 1 min read
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Sri Lanka construction industry fears 100,000 jobs losses after Covid-19 crisis, stalled payments

Sri Lanka's construction industry is struggling with tens of thousands of workers yet to return to work after going home...

Chanka Jayasinghe
June 16, 2020 3 min read

Sri Lanka telecom regulator asked find businesses to use Lotus Tower

Sri Lanka's President Gotabaya Rajapaksa had asked the telecom regulator to find local and foreign businesses to use Lot...

June 16, 2020 2 min read

Sri Lanka's MAGA-ECL says completes green tech campus complex ahead of schedule

Maga Engineering said it had completed technology faculty complex for Sri Lanka's Sri Jayewardenepura University five mo...

June 10, 2020 1 min read

Sri Lanka plans price controls on sand after load ceilings drive up prices

Sri Lanka is planning price controls for construction sand after weight ceilings slammed on trucks drove up prices, the ...

June 7, 2020 3 min read

Sri Lanka's Lanka Tiles expect 20-pct revenue drop in 2020

Sri Lanka's Lanka Tiles Plc, said it expected a 20 percent revenue drop in 2020, and profits as the country recovers fro...

June 1, 2020 1 min read

Access Engineering building Sri Lanka's largest warehouse for entrepot trade

Sri Lanka Access Engineering said it is building the largest warehouse in the country for a solid tire company, though c...

May 31, 2020 2 min read

Sri Lanka property developers seek to re-start work, clarity on import controls

Sri Lanka's property developers have asked President Gotabaya Rajapaksa to start work which had been halted to stop Coro...

April 18, 2020 6 min read
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Sri Lanka to set up state real estate holding company for Hilton, Hyatt, GOH

Sri Lanka will set up a holding company owned by the Treasury, Bank of Ceylon and Sri Lanka Insurance Corporation to con...

March 5, 2020 1 min read
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Land value in Sri Lanka's Colombo District grows 10-pct in 2019 second half

The Land Valuations Indicator for the Colombo District grew 10.4 percent in the second half of 2019 from a year earlier,...

February 26, 2020 1 min read

Sri Lanka's steel costs 70-pct higher due to protectionism

Sri Lanka's steel costs are about 70 percent higher than other Asian countries which is hurting housing and apartments ...

February 24, 2020 1 min read

Sri Lanka mid tier apartment property seeing buyer interest after tax cuts

Apartments in the mid-tier segment is drawing customer interest after recent tax cuts, but the luxury segment could foll...

February 24, 2020 2 min read

Sri Lanka to revive China's CNTIC backed Ruwanpura expressway

Sri Lanka's Ministry of Highways had been given the nod by the cabinet of ministers to seek a proposal from China Nation...

February 21, 2020 1 min read

Coronavirus stalls construction projects in Sri Lanka

Construction work on a number of major projects in Sri Lanka have stalled because of the novel coronavirus effect, an in...

Chanka Jayasinghe
February 11, 2020 2 min read

Sri Lanka's fragmented state land hinders tourism development: minister

The fragmentation of state land among different institutions is hindering tourism development in Sri Lanka, a minister s...

January 27, 2020 2 min read

China built Port City in Colombo invests US$800mn, marina on track

CHEC Port City Colombo (Pvt) Ltd, a unit of China Communications has invested 800 million US dollars out of a total of 1...

Chanka Jayasinghe
January 25, 2020 2 min read

Bawa-designed Cinnamon Bentota Beach in Sri Lanka re-opens

Cinnamon Bentota Beach, a historically important 1967 hotel designed by Geoffrey Bawa who inspired an architectural styl...

January 20, 2020 2 min read

Sri Lanka's Sanken to build Rs.3.9bn Renuka Holdings' Galle Face Icon tower

Sri Lanka's Renuka Holdings Plc said it has entered into a deal to construct its flagship 3.9 billion rupee mixed-develo...

January 14, 2020 1 min read