2021

Imagine overlooking the crashing beach waves and feeling the cool ocean breeze stroking your cheeks as you sip on a cup of tea from the balcony of your 25th floor apartment. What a view, right? That is exactly the kind of modern island living that Sri Lanka welcomes you to. At the center of frequently used trade routes to the global market, Sri Lanka is an island rich with many natural resources...

From vertical living to multi-storied houses and ancestral homes in the countryside, housing has evolved throughout the years in different ways in different countries. The industrialized nations are branching out their vertical living styles to higher stories, while in the developing world housing is growing larger in width.  In Sri Lanka, high-rise buildings or condominiums are increasing...

A combination of low interest rates and the launch of real estate-focused financial products is leading a trend towards investing in apartments, according to John Keells Holdings Vice President, Head of Sales and Marketing (Property Group), Nadeem Shums. Sri Lanka’s financial sector has reached a phase of low interest rates - for fixed income products and housing loans. Together with strong...

The slowdown in property price gains in Sri Lanka’s capital Colombo (disinflation) had ended with a near double digit annual gain, according to an index compiled by the country’s Central Bank. Land, residential and commercial property prices inflated a little under 20 percent in 2018 amid a strong economy recovery where pro-cyclical liquidity injections to target an output gap triggered a currency...

Colombo’s newest state-of-the-art office tower, ‘The Offices’ at Cinnamon Life has been chosen as the hub for leading global technology company, HCL Technologies’ growth drive in Sri Lanka. Cinnamon Life is the first A-grade office tower in Colombo to attract a leading multinational company to occupy a majority of available office spaces within its premises. HCL Technologies has entered into an...

With the recent changes in the law welcoming expat Sri Lankans to purchase property in the country, LankaPropertyWeb interviewed Attorney at Law Saminda Jayasekara regarding the feasibility of this option and the barriers to overcome in the process. As a local, there are no restrictions on purchasing property in the country. Whether it is owning a land, apartment or investing in a commercial property,...

“Sri Lanka’s real estate industry is the frontier that will uplift and elevate the nation, on a global scale,” says a hopeful (Eng.) Ranjith Gunatilleke – the current President of the Chamber of Construction Industries of Sri Lanka, a Chartered Engineer and an entrepreneur in the construction industry. Eng. Gunatilleke entered the real estate and construction industry in 1976 serving as a Civil...

Economy The report consists of the economic performances during 2020 and growth forecasts for 2021. Sri Lanka has the highest literacy rate and has the second highest GDP per capita in the South Asian region despite the pandemic. The report covers the following topics - overview, GDP growth, GDP per capita, inflation rate, interest rate, imports & exports, exchange rate, tourism (tourist...

Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the “Gateway to South Asia”, now officially becomes the country’s first service oriented Special Economic Zone (SEZ). The Sri Lankan Parliament, adopted a powerful Bill enabling a giant step in Port City Colombo becoming a pivotal global financial and services hub for South Asia. The act provides a stable policy environment;...

Productivity is the heart and soul of a business. If you want your employees to improve their productivity, it could come down to the structure and setting of your office. Not just the location, either, but the layout of office furniture and equipment, the flow between employee space, and the overall vibe of your office. Therefore, reasonable floor space is a must for a healthy and a happy office...