Premium Properties

October 2021

TRI-ZEN reports surging demand as project crosses 45% completion

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...

Sri Lanka property price disinflation in the capital Colombo ends

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...

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Global tech company, HCL, to take up 80-pct of ‘The Offices’ at Cinnamon Life

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...

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