An iconic Sri Lankan property development continues to attract significant international investor interest, its developer reports following participation in a major industry event in China. Indocean Developers, promoter of the rapidly-rising Altair twin tower in Colombo, was among 138 top notch exhibitors from 37 countries at the Luxury Property Showcase…
Thursday, 19th January 2017, Colombo: Blue Mountain Apartments, part of the Blue Mountain Group, held the ground-breaking ceremony of its most iconic development project and one of the biggest such projects to-date – Achilleion, Colombo's first 7 star luxury apartment complex, on 19th of January, amongst a distinguished gathering of…

Iconic Developments breaks ground for Iconic Galaxy

Wednesday, 18 January 2017 20:12 Written by
- 261 luxury apartment housing units will be ready for occupation by end 2020 - Leverages on the booming real estate and housing scope to offer world-class housing at affordable prices Colombo: January 18th 2017: Leading infrastructure and property developer, Iconic Developments Ltd, the developer of Iconic 110 Parliament Road,…
The real estate giant Prime Group announced acquisition of 75.5% of stake in Summit Finance PLC for Rs. 510 million from Sarvodaya Development Finance Ltd. Summit Finance PLC will be re branded as Prime Finance PLC and will continue as a subsidiary of Prime Group. Prime Group will invest a…
Over 50% of all apartments have already been sold Tuesday, 17th January 2017, Colombo: Blue Mountain Apartments, part of the Blue Mountain Group, is set to commence the construction of its most iconic development project to date – Achilleion, Colombo's first 7 star luxury apartment complex. The ground-breaking ceremony will…
COLOMBO, JANUARY 16, 2017: 2016 was a challenging year for real estate. Most of the year was rapt with uncertainty in the aftermath of two seismic events—Brexit and the US elections. Anyone thinking of buying property became hesitant and decided that it was more prudent to wait until there is…

Real estate trends in colombo region, sri lanka 2016

Wednesday, 21 December 2016 18:58 Written by
COLOMBO, DECEMBER 21 2016: As Sri Lanka’s fastest growing city and its capital, Colombo’s real estate sector has attracted the attention of investors from far and wide. Sri Lanka’s property market has grown immensely since the declaration of peace and it now attracts locals, foreigners and expats alike. Leading property…
Colombo, Wednesday 14th December 2016: Tucked away in a secluded part of one of the most attractive locations within the city of Colombo – Mount Lavinia, Avenue 9 is an enchanting abode that combines comfort, convenience, and quality. Strategically located away from the hustle and bustle of the busy roads,…
Construction on Prime Grand, an upmarket, 36 floor, 316 unit apartment complex by Prime Group got under way on the 6th of December, 2016 at Ward Place. Currently the largest and tallest apartment project in the prestigious neighbourhood, built on a land over an acre in extent and fully owned…
Wednesday, November 30, 2016, Colombo : In keeping with its commitment to enabling people's lifestyles and aspirations, Blue Mountain proudly launches its Yakkala 'Sinhasana Pura' Residential Land Project, a mere 2 kilometres from the Kandy Road. Envisioned as a 'city within a city' concept, the project features commercial and residential…