Several residential projects are expected to be completed in the years head, including John Keells Holdings’s $850m Cinnamon Life waterfront project, which is billed as the largest private sector investment in the country, according to the company’s website. The 4.5m-sq-foot integrated resort is scheduled for completion in 2018 and will include an 800-room hotel, apartment and office complexes, a convention centre and a shopping mall.
Colombo’s Havelock City mixed-use development is also expanding, investing some $130m to add another four residential towers and nearly 650 units. Other luxury residential projects, such as the Astoria luxury condominium development, two 194-metre Shangri La residential towers and the 240-metre Altair skyscraper, will further add to stock in the city.
Expansion of Sri Lanka Property Market
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