Sri Lanka’s cabinet has given the green light for a substantial contract worth 791.68 million (excluding taxes) to Asset Engineering (Pvt) Ltd for the construction […]
Category: Construction and Real Estate
Sri Lanka Seeks New Proposals for Sports Track as Initial Bids Surpass Budget Constraints
FINANCIAL CHRONICLE — The government of Sri Lanka has decided to issue new tenders for the renovation of synthetic running tracks at the Sugathadasa National […]
Hunas Holdings of Sri Lanka Forms Strategic Alliance with Japanese Firm
On August 31, 2026, Hunas Holdings, a multifaceted conglomerate based in Sri Lanka, revealed a new strategic alliance with CCH Inc. to oversee operations in […]
Sri Lanka’s Construction Sector Sees Growth in July 2026, According to PMI Data
FINANCIAL CHRONICLE – In July 2026, Sri Lanka’s construction sector experienced growth, driven by a consistent volume of ongoing projects, as indicated by a Purchasing […]
Sri Lanka greenlights Rs25.6 billion agreement with Maga Engineering for the development of Sethsiripaya III
Sri Lanka’s cabinet has given the green light for a new agreement valued at 25.58 billion rupees with Maga Engineering (Pvt) Ltd aimed at finalizing […]
Colombo Sees 6.7% Increase in Residential Land Values in First Half of 2026
According to a report from the central bank, land prices in the Colombo District of Sri Lanka experienced a notable increase in the first half […]
NOSTROY of Russia Investigates Opportunities in Sri Lanka
FINANCIAL CHRONICLE – A delegation from the National Association of Builders (NOSTROY) of Russia recently traveled to Sri Lanka to investigate potential investment and partnership […]
Excello Unveils Innovative Solar-Powered Housing Initiative in Sri Lanka
FINANCIAL CHRONICLE – Excello Developers, a property development firm based in Sri Lanka, has unveiled its latest residential project, Aathavan by Excello, located at Carron […]
Clothespin’s $540 Million Colombo Port City Initiative Left Unapproved as Deadline Passes
FINANCIAL CHRONICLE – The proposed agreement worth $540 million between Sri Lanka and Clothespin Management and Development for the construction of a hotel in Colombo […]
Dialog to Equip Prime Lands’ Latest Residential Development with Fibre Connectivity
FINANCIAL CHRONICLE – Dialog Enterprise has formed a collaboration with Prime Lands Residencies to enhance fibre connectivity for the inhabitants of The Colombo Border apartment […]
Condominium sales in Sri Lanka experience a 15.2% decline in the first quarter of 2026, reports the Central Bank.
FINANCIAL CHRONICLE – The sales of condominiums in Sri Lanka experienced a decline of 15.2 percent in the first quarter of 2026 compared to the […]
Sri Lanka’s Construction Sector Sees Growth in May 2026, According to PMI Report
FINANCIAL CHRONICLE – In May 2026, Sri Lanka’s construction industry showed signs of growth as activity picked up again after a downturn in the previous […]
Colombo Set to Welcome South Asian Infrastructure Expo This July
FINANCIAL CHRONICLE – INFRACON 2026, an exhibition focused on the infrastructure and construction sector in Sri Lanka, is set to unite companies, industry experts, and […]
Sri Lanka greenlights electrification initiative for busy railway routes
Sri Lanka’s cabinet has given the green light to a plan aimed at electrifying three major railway corridors as part of a comprehensive modernization effort […]
The Empty Apartment Syndrome
Colombo’s Dark Towers Take a drive through Colombo after sunset and a curious pattern quickly becomes apparent. Towering residential developments dominate the skyline. New apartment […]
Sri Lanka seeks global investment for 108-acre development near southern seaport.
FINANCIAL CHRONICLE – The Sri Lankan cabinet has approved a proposal to invite investors for the development of 108 acres of land in Hambantota, designated […]
Sri Lanka greenlights Rs1.4 billion investment for urban development across ten cities.
FINANCIAL CHRONICLE – The Sri Lankan cabinet has given the green light to a proposal aimed at accelerating urban modernization and branding initiatives in selected […]
Sri Lanka grants $6.04 million contract for Mullikulam Lot A to India’s RS Infraprojects.
Sri Lanka has granted a contract worth $6.04 million, approximately 499.66 million rupees (excluding VAT), for the development of Lot A of the Mullikulam Wind […]
