Real Estate

January 8, 2024

In a bid to offer customers the best possible deal towards investing in their dream home, Sri Lanka’s most customer-friendly bank HNB PLC renewed its partnership with Iconic Developments.

The partnership will provide prospective homeowners with the value proposition best suited to their needs, for their home investment. HNB Deputy General Manager – Retail Banking Group Sanjay Wijemanne and Iconic Developments Country Director Shiraz Dawood were present at a special ceremony organised to celebrate the occasion.

Commenting on the collaboration, HNB Assistant General Manager – Personal Financial Services Kanchana Karunagama said: “At HNB, we’re delighted to renew our partnership with Iconic Developments to continue offering our customers the best value proposition for their dream homes at Iconic Galaxy. Their commitment to vertical living and providing proximity to all essential facilities aligns perfectly with our mission to make homeownership a reality for our clients. This partnership is about more than just providing a place to live; it’s about providing urban luxury and peace of mind to homeowners.”

HNB will offer customers with special interest rates and other benefits during the promotional period in addition to convenient and flexible repayment options tailor-made to their budgets. To provide maximum support, the bank’s dedicated agents also support customers with legal documentation needed for the facility. Moreover, HNB’s backend processes ensure a speedy loan approval process.

“While the journey towards completion was long, it was by no means an easy one. We are excited to state that through perseverance and determination, everything has been completed and we are now completing the finishing touches. Given, that we have less than 20% of the units available, we believe that our partnership with HNB will ensure prospective homeowners make use of this exclusive opportunity to invest in a home of their dreams,” Iconic Development Country Director Shiraz Dawood said.

The developer will significantly contribute to this collaborative initiative and support aspiring homeowners with a hassle-free home-buying experience.

With 254 customer centres and 800+ Self Service Devices (SSMs) nationwide, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in

sustainability, good governance and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. The bank further secured four additional accolades, including being ranked among the Top 10 Best Corporate Citizens and taking home the Governance category and Sustainability Champion for the Finance sector titles.

Additionally, HNB was ranked among the World’s Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2023 hosted by the Asian Banker Magazine.

December 15, 2023

Prime Lands Residencies : 15 December 2023, Colombo: Prime Lands Residencies PLC is proud to announce its stellar achievements at the TAGS Awards 2023, where it secured the prestigious Silver Award in both the Land and Property Companies Sector and the Emerging Listed Companies Sector. The awards ceremony, held at the Shangri-La Hotel in Colombo, marked a momentous achievement for the Prime Group.

TAGS, an acronym for Transparency, Accountability, Governance, and Sustainability, represents the annual report competition organised by CA Sri Lanka, boasting a remarkable legacy spanning over 57 years. The awards emphasise the core values of financial, environmental, social, and governance reporting, fostering transparency among companies producing annual reports.

Prime Lands Residencies PLC’s commendable performance reflects its commitment to the theme of ‘Empowering Sustainable Growth.’ The company’s dedication to transparency, accountability, governance, and sustainability has earned it a well-deserved place among industry leaders.

The awards ceremony was graced by esteemed guests, including Mr. Alejandro Alvarez de la Campa, Country Manager for Sri Lanka and Maldives International Finance Corporation, and His Excellency Andrew Traveller, Acting High Commissioner of New Zealand to Sri Lanka and the Maldives.

Ms. Nelumani Daulagala, Chairperson, Final Panel of Judges, TAGS Awards 2023 and Deputy Governor of the Central Bank of Sri Lanka, Mr. Dilshan Wirasekara, Chairman, Colombo Stock Exchange, Mr. Rajeeva Bandaranaike, Chief Executive Officer, Colombo Stock Exchange, Mr. Sanjaya Bandara, President, CA Sri Lanka, Mr. Heshana Kuruppu, Vice President, CA Sri Lanka, Mr. Thivanka Jayasinghe, Chairman, TAGS Awards Committee 2023, Ms. Chamila Cooray, Alternate Chairperson, TAGS Awards Committee 2023, and Ms. Lakmali Priyangika, Acting Chief Executive Officer, CA Sri Lanka were also among the distinguished gathering.

Mr. Brahmanage Premalal and Ms. Sandamini Perera, Co-Chairmen of the Prime Group, expressed their gratitude, stating, “TAGS serves as a catalyst to strengthen and uphold the integrity of financial, environmental, social, and governance reporting. These values resonate strongly with the Prime Group, as they are key pillars of our governance. We are honoured to receive these awards, which acknowledge our unwavering commitment to transparency and sustainability.”

Despite the economic challenges faced by Sri Lanka, Prime Lands Residencies PLC demonstrated remarkable resilience and growth. The company reported a staggering 108% year-on-year growth, achieving a revenue of LKR 19.8 billion for the fiscal year 2022–23. Notably, Prime Lands Residencies PLC posted a profit before tax of LKR 3,979 million, with a profit after tax of LKR 3,351 million.

Mr. Premalal and Ms. Sandamini extended their appreciation to the entire Prime Lands Residencies PLC team, stating, “We want to express our sincere gratitude to our dedicated team, whose hard work and commitment have made this remarkable achievement possible. Despite the economic headwinds, our team’s resilience and dedication have allowed us to thrive and continue to contribute to sustainable growth.”

The TAGS Awards 2023 not only recognised Prime Lands Residencies PLC’s outstanding performance but also underscored the company’s role as a leader in the real estate sector, setting new standards for transparency, accountability, governance, and sustainability.

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December 11, 2023

John Keells Properties, Sri Lanka’s premier developer of luxury residential and commercial spaces, has joined hands with DFCC Bank to offer financing solutions for buyers at its latest residential project in Ja-Ela, Viman.

The partnership brings together the expertise of John Keells Properties in crafting iconic living spaces and the financial strength of DFCC Bank to create a seamless and rewarding homebuying experience.

Under the partnership, DFCC Bank will provide innovative and attractive financing options for potential homeowners at Viman tailored to modern payment flexibility needs. Homebuyers can select tailored mortgage solutions conducive with the reduction in interest rates and low yielding fixed income options. The association with DFCC Bank provides John Keells Properties a value-added leverage to realize a vision of creating aspirational living spaces addressing evolving urban resident needs.

Nadeem Shums, Head of Sales & Marketing – John Keells Properties and Vice President – John Keells Group stated, “We are pleased to partner DFCC Bank and redefine the homebuying experience for our discerning customers. Through this collaboration, potential Viman homeowners have access to flexible mortgage packages that set a new benchmark in Sri Lanka’s real estate landscape. The simplified financial options also enrich the overall journey of acquiring a home within this new development.”

Aasiri Iddamalgoda, Senior Vice President- Head of Retail Banking and SME- DFCC Bank PLC, stated, “At DFCC Bank, we understand the significance of homeownership and the financial commitment it entails. The collaboration with John Keells Properties enables us to provide homebuyers with flexible financial solutions, including attractive pricing and flexible repayment methods for home loans that align with their unique requirements. It demonstrates our commitment to supporting individuals in their dream of owning a home.”

Set to transform modern living in the heart of Ja-Ela, Viman is designed to provide a secure, family-friendly environment with convenient access to Colombo city, while retaining the charm of a small-town setting. 418 thoughtfully designed apartments spread across 6 acres offer buyers ability to invest in their dream home through accessible home financing options.

For more about Viman Ja-Ela and available mortgage packages, contact John Keells Properties on 0706 062 062 or visit their website on www.johnkeellsproperties.com.

December 7, 2023

LankaPropertyWeb (LPW), Sri Lanka’s leading property platform, is excited to announce its new partnership with eMediaLinks, the exclusive partner with Weibo North America and house.sina.com. This collaboration enables the promotion of Sri Lankan property investment opportunities to Weibo’s extensive audience in China, as well as the real estate platform’s audiences in the USA and Canada. Weibo (weibo.com), China’s second-largest social media platform with an impressive 600 million monthly active users, will be a key focus for showcasing Sri Lankan properties to Chinese overseas buyers through this strategic partnership.

This collaboration opens a tremendous opportunity to showcase Sri Lankan properties to an expansive and promising audience. It signifies a transformative moment for Sri Lanka’s real estate industry, positioning it prominently in the burgeoning Chinese and American markets where demand for overseas properties is escalating. For Sri Lankan property developers, agents, and sellers, this alliance presents an exceptional chance to highlight their properties on the Weibo platforms, attracting potential buyers from China and North America. Furthermore, this partnership propels LPW onto the global stage, providing its customers with access to explore properties in the United States. Simultaneously, it empowers investors and agents from the U.S. to market their properties to potential buyers in Sri Lanka.

This advantage materialized as LPW entered into an agreement with eMediaLinks, a global real estate marketing company based in Bellevue, Washington. eMediaLinks holds an exclusive partnership with the North America division of Weibo. This groundbreaking collaboration empowers LPW to present properties and investment opportunities in Sri Lanka to a vast audience of prospective buyers through house.sina.com and weibo.com.

Daham Gunaratna, Founder and Managing Director of LankaPropertyWeb, expressed, “LPW is excited to announce its partnership with eMediaLinks, which opens opportunities to promote Sri Lankan properties to Chinese overseas property buyers. Additionally, visitors to Weibo’s global real estate site, house.sina.com, will be able to view Sri Lankan properties. With the country recovering from the economic crisis faster than expected and a growing interest from international buyers in Sri Lankan real estate, this presents an excellent opportunity for the country to showcase its properties and investment opportunities to a global audience.”

Matt Bonds, Founder and CEO of eMediaLinks, shared, “As South Asia continues to be a hotspot for business and investment, we are proud to partner with LankaPropertyWeb, the leading property platform in Sri Lanka, to accelerate property demand in North America and China. Our customers interested in properties in Sri Lanka can now be serviced by an experienced and dedicated company from the start to the end of their property purchase and investments.”

This partnership is more than just a business venture; it is a bridge between cultures, creating opportunities that were once distant and unattainable. The LPW-eMediaLinks partnership stands as a testament to the dynamic potential of Sri Lankan real estate, heralding a new era of global connectivity and opportunities for both buyers and sellers. As LPW forges ahead, the future of the Sri Lankan real estate market looks brighter than ever, offering a captivating opportunity for those looking to invest, sell, or buy property in this island paradise.

November 30, 2023

Sri Lanka’s most customer-friendly bank HNB PLC, renewed its partnership with Expo Property Developers (Pvt) Ltd to offer prospective homeowners with tailored and concessionary rates for apartments at the Expo Grand Condominium Complex. HNB Deputy General Manager – Retail Banking Group Sanjay Wijemanne and Expo Property Developers Director Anthony Fernando, graced the special ceremony organized to sign the MOU.

Speaking at the occasion, HNB Assistant General Manager – Personal Financial Services Kanchana Karunagama said: “We have always worked towards turning dreams into reality, especially when it comes to homeownership. The recent housing market has seen many challenges, but HNB remains committed to empowering customers to achieve their dream of owning a home. As such, we are proud to announce our partnership with Expo Property Developers, to offer prospective homeowners the best possible deals and convenient payment options.”

Delivering the best value to its customers, HNB will offer special interest rates benefits during the promotional period. Prospective homeowners can make use of convenient and flexible repayment options tailor-made to their budgets, together with doorstep mortgage advisory services provided by the bank’s dedicated agents, who will assist with the entire documentation needed for the facility. Notably, HNB’s backend processes ensure a three-day loan approval process.

“Our collaboration with HNB has enabled many prospective homeowners to embark on the journey of owning their dream home. We believe that this long-standing partnership will continue to reap mutual benefits to all stakeholders involved,” Expo Property Developers Director Gratien Fernando said.

The Expo Grand Condominium Complex, a flagship project under Expo Property Developers spanning across 180 perches, is nearing its full completion, which is expected by March 2024. The first two towers under the project were completed and successfully handed over to homeowners, while Towers 3 and 4, consisting of 206 total units as well as a super structure, have also been completed and are in the finalization stage.

With 254 customer centres and 800+ Self Service Devices (SSMs) nationwide, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in

November 28, 2023

Orel Corporation, the leading electrical manufacturer in Sri Lanka, proudly announces a strategic partnership with Prime Residencies, a leading real estate company in the country, for their upcoming iconic project, The Palace Gampaha. The partnership was officially signed recently which designates Orel Corporation as the primary contributor responsible for external electrical systems in this innovative development.

Operating across 5 continents including Asia, Europe, North America, Orel Corporation boasts for four decades of expertise in designing and manufacturing electrical devices / accessories for both domestic (residences) and infrastructure development projects locally and internationally. For this turnkey project, Orel Corporation undertakes from design to delivery of customer solutions for Electrical & ELV Systems in the EM2 Categorization as stipulated by Construction Industry Development Authority (design, project management, supply of goods, after sales / maintenance services).

This partnership is based on the trust reputation of Orel Corporation, which is evident through their outstanding contributions towards landmark projects such as Altair, Lux Resort (Maldives), Access Capital Heights, ITUM, Defence HQ, and the eagerly awaited 606 The Address by providing the electrical backbone, which powers the property.

Pramuditha Gurusinghe, Assistant General Manager – Turnkey Projects from Orel Corporation stated, ‘’We are happy to join forces with Prime Residencies, Sri Lanka’s top notch real estate giant, embarking on a transformative journey to redefine the landscape of infrastructure development— and this marks a tremendous milestone for our turnkey projects’ portfolio. This strategic partnership in which we facilitate robust electrical infrastructure, reinforced by the pioneering spirit of Prime Residencies in the realm of building development, signifies our commitment to paving the path to a brighter and connected tomorrow’’.

Nalinda Heenatigala, Director Corporate Affairs of Prime Lands Residencies PLC, shared his enthusiasm about the partnership, stating, “We are excited to introduce an exclusive investment opportunity for The Palace Gampaha to our valued clients. Our ground-breaking payment plan, a first of its kind in Sri Lanka, aims to provide a luxurious and accessible lifestyle to our investors. Committed to revolutionizing real estate investment in Sri Lanka, we aim to offer a unique and unparalleled experience for our clients.”

With a rich legacy spanning over 25 years in the industry, Prime Residencies continues to create homes and communities grounded in principles of integrity, dedication, and concern. The collaboration with Orel Corporation marks a significant milestone in their commitment to delivering cutting-edge, quality solutions for clients—ensuring not only comfortable living but also fostering a thriving community for the nation.

November 2, 2023

Image-PR-Prime-Group-introduces-a-revolutionary-investment-opportunity-in-Sri-Lanka-LBN.jpg

Prime Group, the real estate giant, is proud to introduce an exceptional investment opportunity that promises luxury living, modern amenities with an unbelievable payment plan.

The groundbreaking venture is the company’s latest 27-story luxury development at the border of Colombo. What sets the development apart is its revolutionary payment structure. Based on the novel plan, at the pre-launch, a homebuyer only requires a 10% reservation fee with no requirement for a down payment. The plan further includes paying just 1% instalments spread over 40 months, with the balance 50% payable upon handover. Owners are assured of a minimum capital gain of over 100%.

With attractive pre-launch prices, and spacious two and three-bedroom residences, the investment opportunity is unrivalled in terms of capital gain, promising an impressive return, and allowing any working professional the flexibilities of owning their own home without saving for a substantial down payment and may not require bank loans. Nestled on 6.5 acres of prime land, Phase 1 of this luxury condominium development boasts 27 stories of sophistication, designed to cater to a new homeowners’ every need.

Perfectly positioned for both convenience and natural beauty, the development entitles residents to the best of both worlds. Situated along the main Colombo-Kandy Road, the location provides quick access to the Bandaranaike International Airport, Port City, and other key destinations in the economic hub of Colombo. Stunning uninterrupted views showcase the picturesque Colombo skyline, contrasted with the peaceful countryside, offering a lifestyle where residents can return home to a scenic retreat from the bustling city, saving precious time spent in traffic.

Nalinda Heenatigala, Director, Corporate Affairs, Prime Lands Residencies PLC, said, “We are pleased to present a unique investment opportunity to our clients, especially first-time homeowners and young professionals, through our revolutionary payment plan being introduced for the first time in Sri Lanka. Reinforcing the commitment to provide a luxurious yet attainable lifestyle, we continue to revolutionize real estate investment in Sri Lanka.”

Prime Group invites prospective investors and homeowners to be a part of its latest landmark project, setting new standards in the Sri Lankan real estate market.

Further information may be obtained via www.primeresidencies.lk or by contacting the sales experts on 0710 777 333.

October 26, 2023

SLT-MOBITEL, the National ICT Solutions Provider recently signed an agreement with Global Housing & Real Estate (Pvt) Ltd to provide SLT-MOBITEL Fibre solutions for its luxurious apartment complex, ‘the Ocean Breeze Hotel Residencies’ at Negombo.

The agreement was signed between Janaka Abeysinghe, Chief Executive Officer of SLT, and Dasun Wickramarathna, Chairman of the Global Group. Imantha Wijekoon, SLT-MOBITEL Group Chief Officer – Consumer Business, and Priyanthi Abeyweera, Director of the Global Group, also participated in the occasion alongside officials representing SLT-MOBITEL and Global Housing & Real Estate.

The Ocean Breeze Hotel Residencies project based in Negombo is a high-end residential development that comprises 199 apartment units. The development is designed to offer residents a luxurious living experience, with world-class amenities and facilities such as a restaurant & Sky Bar, swimming pool, gymnasium, rooftop garden, and 24-hour security.

Sharing his thoughts on the partnership with SLT-MOBITEL, Dasun Wickramarathna, Chairman, Global Group said, “We expect our customer will definitely enjoy the superior Fibre solutions provided by SLT-MOBITEL and we are glad that being a partner with the National ICT giant to obtain the latest technology for our facilities.”

Janaka Abeysinghe, the Chief Executive Officer of SLT, expressed his thoughts saying, SLT-MOBITEL is delighted to partner with Global Housing to provide SLT-MOBITEL Fibre solutions for the Ocean Breeze Hotel Residencies. This partnership underscores our commitment to providing reliable and innovative ICT solutions that enhance customers’ lifestyles. We are confident that SLT-MOBITEL Fibre solutions will deliver seamless connectivity and enhance the overall quality of living for the Ocean Breeze Hotel Residencies.

SLT-MOBITEL will power the entire Ocean Breeze Hotel Residencies with Fibre solutions infrastructure enabling ultra-fast internet connectivity, crystal clear voice communication as well as world-class entertainment with access to high definition (HD) TV content via PEO TV. Also, it is to ensure that residents will have access to all high-speed broadband and telecommunication services that will enable residents to stay connected with the world and enjoy a seamless living experience. Not only that, the customers will also be able to upgrade their homes with SLT-MOBITEL’s managed Smart Home Facilities, powered by SLT-MOBITEL Fibre.

September 25, 2023

Paving the path for aspiring homeowners, Sri Lanka’s leading private sector bank, HNB PLC, renewed its long-standing partnership with local real estate giant Prime Group to offer investors exclusive deals and benefits.

The partnership will offer customers a range of benefits, including special interest rates during the September and October promotional period. The exclusive offer extends to all properties across Prime Group’s extensive portfolio, including highly anticipated Prime Residencies projects, such as The Grand Ward Place, The Beachfront Uswetakeiyawa II and 43 by the Sea on Marine Drive, Dehiwala.

“Building your own home in Sri Lanka can be quite a challenge. The escalating costs of construction, driven by rising inflation, have added to the struggle. We at HNB remain steadfast in our commitment to empower every Sri Lankan to own a home of their own. As such, we are delighted to partner with Prime Group again to offer our customers affordable financing options and exceptional services,” HNB Assistant General Manager – Personal Financial Services (PFS), Kanchana Karunagama, said.

Delivering the best value to its customers, HNB will offer special interest rates during the promotional period. Prospective homeowners can make use of convenient and flexible repayment options tailor-made to their budgets, together with doorstep mortgage advisory services provided by the Bank’s dedicated agents, who will assist with the legal documentation needed for the facility.

“As Prime Group, our mission is to empower Sri Lankans with the chance to achieve homeownership, allowing them to find stability and make the most of these challenging times. Therefore, it is a pleasure for us to partner with HNB in serving our customers,” Prime Group Director – Corporate Affairs Nalinda Heenatigala said.

To this effect, Prime Group also introduced “20% MOVE” by Prime Residencies, a groundbreaking investment proposition aimed at simplifying homeownership. As part of this initiative, the real estate giant covers the monthly interest on home loans for up to two years. They also provide up to a one-year Management Fee waiver and waive legal fees associated with the Deed of Transfer process. They also offer in-house rental services, ensuring the investment remains hassle-free throughout the homeownership journey.

With 254 customer centres and 800+ Self Service Devices (SSDs) nationwide, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. The bank further secured four additional accolades, including being ranked among the Top 10 Best Corporate Citizens and taking home the Governance category and Sustainability Champion for the Finance sector titles.

September 19, 2023

Having revolutionized the real estate industry in Sri Lanka, John Keells Properties, is proud to unveil their latest residential project, ‘Viman’, set to transform contemporary living in the heart of Ja-Ela.

John Keells Properties, the property arm of the renowned John Keells Holdings, has earned a prestigious reputation in the real estate market for making a significant impact with innovative approaches to creating dream living spaces and exceptional experiences.

Aligned to their vision of ‘Creating New Worlds’ and curating spaces that redefine life’s experiences, Viman represents another unique new venture from John Keells Properties. Spread across 6 acres, offering a harmonious blend of modern comforts with 418 apartments, Viman is designed to provide a secure, family-friendly environment with convenient access to Colombo city, while retaining the charm of a small-town setting.

Nayana Mawilmada, President – Property Sector of John Keells Holdings PLC stated, “We are extremely excited to launch Viman, the latest frontier of John Keells Properties. We believe that Viman is more than just a home. It is a lifestyle engulfed in the warmth of a small town. Inspired by the principles of balance, nature, and modern convenience, Viman offers a thoughtfully designed collection of residences that embrace eco-consciousness, accessibility to multiple locations, and a nurturing sense of community.”

Located in the heart of Ja-Ela, residents will enjoy easy access to an array of conveniences including supermarkets, banks, restaurants and hospitals. Furthermore, Viman offers the distinct advantage of proximity to the Colombo Port access highway, facilitating exceptional connectivity between Ja-Ela and Colombo. This strategic location not only enhances convenience but also ensures efficient travel for residents and businesses alike.

Nestled within a lush central garden, Viman boasts a range of amenities, including a swimming pool, gymnasium, meditation courts, clubhouse, a kids play area, cycling and walking spaces, and a multipurpose outdoor sports court, in addition to electric vehicle charging. These features create a peaceful sanctuary for residents to reconnect with themselves and provide an ideal space for families to thrive.

Notably, Viman will feature energy-efficient solar-powered homes, abundant green spaces, and foster a strong sense of community, exemplifying John Keells Properties’ commitment to prioritize both modern comforts and a sustainable lifestyle.

With a diverse portfolio of groundbreaking developments including The Emperor, The Monarch, 7th Sense, OnThree20, TRI-ZEN, and the Cinnamon Life Integrated Resort, John Keells Properties, has consistently been at the forefront of the development of residential condominiums and has played an important role in shaping Sri Lanka’s urban residential landscape.

For more information about ‘Viman’ and to explore the future of residential living, contact John Keells Properties on 076 062 062.

Newer Posts

Older Posts

HNB renews partnership with Iconic Developments to offer homeowners exclusive deals

Prime Lands Residencies Clinches Dual Honors at TAGS Awards 2023

John Keells Properties partners DFCC Bank to offer flexible home financing for Viman Ja-Ela

LankaPropertyWeb Partners with eMediaLinks to Promote Sri Lankan Properties to Chinese and North American Investors

HNB and Expo Property sign MOU to offer customers exclusive benefits for Expo Grand Condominium

Orel Corporation Partners Prime Residencies for Their Iconic Project, The Palace Gampaha

Prime group unveils revolutionary 1% payment plan with ‘The Colombo Border’

SLT-MOBITEL partners with Global Housing & Real Estate (Pvt) Ltd to power Ocean Breeze Hotel Residencies with SLT-MOBITEL Fibre

HNB renews partnership with Prime Group for exclusive home loans

John Keells Properties launches ‘Viman’, their latest residential development.