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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka cabinet approves SLEC, CECB for consultancy in Chinese housing deal

China has donated construction of 1996 housing units for low income families

July 2, 2025 2 min read

Sri Lanka construction expands in May 2025: PMI

Central Bank maintains positive outlook for next 3 months due expected rise in new projects

June 30, 2025 1 min read

Sri Lanka historic Nuwara Eliya building to be developed for tourism as post office

A similar decision by previous government met with objections from postal employees

June 25, 2025 1 min read

Blackstone acquires unsold units in Sri Lanka's Altair as it buys India's South City Mall

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June 18, 2025 1 min read
Sri Lanka construction activity spikes in Jan 2025, firms faced with labour shortage: PMI

This was the index' second-highest reading on record after the peak of 75.7 in July 2020, CBSL said.

Prime Lands leases Sri Lanka UDA land currently used by Otters Club

The lease has been granted for a period of 99 years for Rs3.2bn, including VAT, SSCL and other charges

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
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Latest Last
US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
Yen 2.0969 2.0916
Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
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Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
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Turnover Rs 1457.79 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
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8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
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Source: Central Bank/Indicative

Sri Lanka approves US$500mn Shang Properties development: Minister

Sri Lanka has approved a 500 million US dollar mixed development project on state land in the capital Colombo which is t...

January 9, 2020 1 min read
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Sri Lanka hires Rohde Nielsen to nourish tourist beaches

Sri Lanka has hired Rohde Nielsen A/S of Denmark to nourish two beach stretches subject to severe erosion which is impor...

January 9, 2020 1 min read

Sri Lanka to give grants to build 14,000 houses for poor

Sri Lanka will give a grant of 600,000 rupees for 14,000 very poor families to build and repair houses, cabinet spokesma...

January 9, 2020 1 min read

Sri Lanka President orders quick construction permits

Sri Lanka's President Gotabaya Rajapaksa has asked agencies involved in approving construction permits to speed up their...

January 8, 2020 2 min read

Sri Lanka to deploy military as loosening transport permits triggers illegal sand mining

Sri Lanka's decision to liberalize the permits to transport of sand, granite and soil is being abused, with complaints o...

January 6, 2020 2 min read

MAGA Engineering wins Rs4.2bn Western Province road contract

Sri Lanka's MAGA Engineering (Pvt) Ltd has won a 4.2 billion rupee international tender to develop the roads from Kirula...

January 3, 2020 1 min read

Sri Lanka defends state land transfer to foreign investor

Sri Lanka's new administration is defending the sale of state land on a lease to a foreign investor for a 250 million US...

January 3, 2020 2 min read

Sotheby's says interest re-emerging in Sri Lanka properties

Sotheby’s International Realty, says investor interest in properties in Sri Lanka is re-emerging and it is looking to ...

January 2, 2020 2 min read

ICRA Lanka reaffirms Construction Guaranteed Fund [SL]A-

ICRA Lanka has reaffirmed the state-owned Construction Guaranteed Fund at [SL]A- with a stable outlook due to its well-e...

December 30, 2019 10 min read

Sri Lanka to get US$250m real estate FDI, US$43mn from land sale

Sri Lanka's cabinet has cleared a 250 million US dollars mixed development by an foreign investor who will also pay 43 m...

December 29, 2019 1 min read