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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka construction contractors look for foreign projects as currency crisis slams sector

Construction firms had been operating in the Maldives and the Middle East during a 30-year war

December 14, 2022 2 min read

Sri Lanka's Chinese-built Lotus Tower limits visiter time to 20 minutes

The tower was initially opened in 2019, but triggered controversy over its purpose.

September 15, 2022 2 min read

Sri Lanka construction sector in deep crisis, govt arrears rise up to Rs150 billion

Industry experts say 70% of government construction projects are on hold now.

August 28, 2022 2 min read

Sri Lanka housing hit by protectionist taxes, monopoly power: Developers

Unjustified protectionism has created a monopoly for a few players with dire consequences on an entire industry

August 26, 2022 2 min read
Sri Lanka to resume Narahenpita, Torrington housing projects

Colombage Mawatha scheme to have 615 units, while the Torrington Mawatha scheme was to have 115 units

Sri Lanka seeks investors to develop 10-acre Colombo Fort land

Cabinet had approved the proposal to lease the land at Olcott Mawatha on a 99-year lease basis

Sri Lanka’s Hayleys plans 55-storey twin towers at Deans Road

ECONOMYNEXT – Hayleys said it plans a property development project at its head office premises in the Sri Lankan ...

December 27, 2016 1 min read

Reclaimed land blocks at Sri Lanka's Port City to be ready by early 2019

The first blocks of land reclaimed from the sea in a Chinese backed project near Sri Lanka's Colombo port will be availa...

December 7, 2016 1 min read

Sri Lanka's Kelsey Homes launches high end gated community

Sri Lanka's Kelsey Homes, a property developer said it is launching an up market gate community project in Negombo, whic...

November 30, 2016 1 min read

Sri Lanka and Singapore's Surbana to start city planning JV

Sri Lanka and Singapore's Surbana will set up a joint venture city planning firm that will offer its services to the cou...

November 28, 2016 1 min read

Sri Lanka’s MTD Walkers real estate, marine business grows fast

Sri Lankan construction group MTD Walkers made a net profit of Rs162 million in the September 2016 quarter from a loss o...

November 25, 2016 2 min read

Sri Lanka condo developers say budget prevents “catastrophic” oversupply situation

ECONOMYNEXT – Sri Lankan condominium developers have welcomed proposals in the government 2017 budget relaxing re...

November 22, 2016 2 min read

Sri Lanka's Sanken starts 50-story apartment towers

Sri Lanka's Sanken Construction group has started work on a 50-story twin apartment towers that will have 470 units, the...

November 15, 2016 1 min read

Sri Lanka budget seen boosting construction sector

ECONOMYNEXT – Several big road and housing projects and regulatory measures announced in Sri Lanka’s gover...

November 11, 2016 1 min read

Four Sri Lanka expressway contracts draw only single bids

ECONOMYNEXT – Only one consortia of bidders submitted proposals for each of four civil work contract packages to ...

November 9, 2016 2 min read

Sri Lanka’s Access Engineering Sept quarter net up 5-pct

ECONOMYNEXT - Sri Lanka’s Access Engineering PLC said September 2016 quarter group net profit rose 5% to Rs719 mi...

November 4, 2016 1 min read
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Si Lanka's Sanken to start building 500-apartment twin tower

Capitol Development Limited, a unit of Sri Lanka's Sanken construction group, said it had completed the purchase of land...

October 6, 2016 1 min read

Dredger arrives in Sri Lanka to start port city reclamation

A dredger has arrived in Sri Lanka to start reclaiming 269 hectares of sea off the capital Colombo.

September 30, 2016 1 min read

Sri Lanka construction sector boom seen reviving

ECONOMYNEXT – Sri Lanka’s construction industry is expected to do well in the next few years given increas...

September 29, 2016 2 min read

Sri Lanka’s JKH launches 2nd luxury apartment block

ECONOMYNEXT – Sri Lanka’s John Keells Holdings group said it plans to build a second high-rise luxury apar...

September 27, 2016 2 min read

Sea piling starts on ship lift repair facility at Sri Lanka harbor

ECONOMYNEXT – Walkers Piling (Pvt) Ltd. said it has commenced work on Sri Lanka’s first sea piling project...

September 8, 2016 1 min read

Lee Hedges in Rs2.8bn Sri Lanka serviced apartment project

Lee Hedges Plc, a publicly traded company in Sri Lanka, said it will build a Rs2.8 billion multi-storied serviced apartm...

September 5, 2016 1 min read

Sri Lanka call bids from Japanese firms to build Kandy expressway segment

Sri Lanka will call bids from Japanese firms for a 32 kilometre stretch of an expressway that will run from Colombo to t...

August 24, 2016 1 min read

Broken canal pump revealed in Sri Lanka’s Industrial Asphalts flooding

ECONOMYNEXT – Industrial Asphalts (Ceylon) said its premises near the Sri Lankan capital Colombo was submerged as...

August 19, 2016 2 min read

Sri Lanka inks new deal to formalize US$13bn China sea reclamation

Sri Lanka and a Chinese company that is reclaiming sea near the main in the capital has inked a new agreement several mo...

August 12, 2016 1 min read

Sri Lanka Tokyo Cement in deal with Japan’s Ube Industries

ECONOMYNEXT – Sri Lankan cement manufacturer Tokyo Cement Group said it has struck a deal with Japan’s Ube...

August 8, 2016 1 min read