PropertyGuru Asia Property Awards (Sri Lanka) unveils shortlist for historic Colombo gala dinner

Global investors look to building large-scale projects in and out of Colombo.

- More than 300 of the island's real estate leaders and decision-makers to attend the event

- Megapolis & Western Development Minister Champika Ranawaka to deliver keynote

- Pradeep Moraes of Altair named first-ever Sri Lanka Real Estate Personality of the Year

Update: As of 17 July 2020, PropertyGuru Asia Property Awards (Sri Lanka) has withdrawn the accolades for Blue Ocean Group in line with our Terms & Conditions. 

COLOMBO, Sri Lanka - 20 June 2018: Sri Lanka's now-vibrant real estate market has developed greatly in recent years. Whilst the current growth trajectory has given way for many opportunities to continuously arise, the sector's growth has also seen alongside it the rise in property prices.

Analysts project that the luxury homes segment could potentially be oversupplying the Sri Lankan market by 2020. However, the generally unsaturated property market seems to be headed towards a bouyant future, boosted by easing of buying restrictions and influx of new quality projects and joint venture initiatives.

According to Prof. Chitra Weddikkara, managing director at QServe Pte Ltd, "construction is the barometer of our economy. The many tower cranes on the horizon indicate that the local construction sector is performing well. One of the reasons for this increase in activity is the launch and ongoing development of several high-rise projects. This advantage is due to the untapped and unsaturated property market in Sri Lanka."

The renowned professor and commentator is a member of the independent judging panel of the second annual PropertyGuru Asia Property Awards (Sri Lanka) 2018, which will be held at the Shangri-La Hotel, Colombo for the first-time ever this 12 July.

"The Colombo skyline in the last decade has been starved of construction but due to the development vision of the policy makers in Sri Lanka, we have the Megapolis development plan and the Port City Colombo project, to name a few. These developments have given global investors incentives to look into the untapped market to construct large scale projects in and out of Colombo."

Many of the current development on the island will be recognised at the historic local edition of the prestigious PropertyGuru Asia Property Awards programme, which follows the well-received first Sri Lanka competition in November 2017 that took place in Singapore, where nine of the finest developers and projects from Sri Lanka received the industry's highest honours.

"Once again Sri Lanka's real estate industry has cause for celebration with the first-ever local staging of PropertyGuru Asia Property Awards. Not only is this a huge honour for our growing property industry, but more importantly, it is an opportunity for the island to benefit from much needed positive international publicity, said another member of the 2018 awards judging panel Roshan Madawela, chief executive officer of Research Intelligence Unit.

He added that the event would open doors for many people and global investors to discover the country's property sector. "Almost everyone who sets foot on this beautiful island sees the true potential of what ‘could be' achieved here. I sincerely hope that the PropertyGuru Asia Property Awards will represent a further step in the direction of fulfilling the promise that Sri Lanka offers."

Nominations for the Developer, Development and Design categories are being accepted until 11 May, with the official shortlist to be revealed in the first week of June.

There are open categories for residential projects in the following locations across the island: Colombo; Southern (Galle, Matara, Hambantota); Central (Kandy, Nuwara Eliya, Matale); and North east (Jaffna, Kilinochchi, Mannar, Mullaitivu, Vavuniya).

In addition, there are special awards that will be given to developers with outstanding corporate social responsibility (CSR) and sustainable development initiatives.

OFFICIAL SHORTLIST OF NOMINEES

PropertyGuru Asia Property Awards (Sri Lanka) 2018

DEVELOPER AWARDS

Best Developer

• Winner to be revealed on 12 July 2018 at the gala dinner in Colombo

Best Boutique Developer

• Capital TRUST Residencies (Pvt.) Ltd.

Special Recognition in CSR

• Winner to be revealed on 12 July 2018 at the gala dinner in Colombo

Special Recognition in Sustainable Development

• Maga Engineering (Pvt) Limited​

DEVELOPMENT AWARDS 

Best Luxury Condo Development (Colombo)

• Altair by Indocean Developers (Pvt) Ltd
• Capitol TwinPeaks by Capitol Developers - Sanken Group
• Colombo City Centre by Colombo City Centre Partners (Pvt) Ltd

Best Mid End Condo Development (Colombo)

• Capital TRUST Residencies - Thimbirigasyaya Road by Capital TRUST Residencies (Pvt.) Ltd.
• Prime Wrendale - Rajagiriya by Prime Group

Best Affordable Condo Development (Colombo)

• Blue Ocean @ No. 502, Havelock Road, Colombo 06 by Blue Ocean Group of Companies
• Blue Ocean @ No. 37/3, Beach Road, Mount Lavinia by Blue Ocean Group of Companies
• Capital TRUST Residencies - Fortress by Capital TRUST Residencies (Pvt.) Ltd.

Best Housing Development (Colombo)

• Ariyana Resort Apartments by Home Lands Skyline (Pvt) Ltd
• Nano Homes Project by Landmark Developer

Best Condo Development (Southern)

• Richmond Hill Residencies, Galle by Walkers CML Properties (Private) Limited
• Serenia Residences by Serenia Limited
• South Coast Residencies by Walkers CML Properties (Private) Limited

Best Condo Development (Central)

• Dynasty Residence by GVR Lanka (pvt) Ltd

Best Office Development

• MAGA ONE by Maga Engineering (Pvt) Ltd

Best Hotel Development

• Mandarina Colombo by Macksons Properties

Best Mixed Use Development

• Astoria by AVIC International Hotels Lanka Ltd
• Colombo City Centre by Colombo City Centre Partners (Pvt) Ltd

DESIGN AWARDS

• Altair by Indocean Developers (Pvt) Ltd

Best Mid End Condo Architectural Design

• Blue Ocean @ 19^th Lane, Colombo 03 by Blue Ocean Group of Companies
• Blue Ocean @ King Alfred Place, Colombo 03 by Blue Ocean Group of Companies
• Clearpoint Residencies, Rajagiriya, Sri Lanka by Maga Engineering (Pvt) Limited​

Best Affordable Condo Architectural Design

• Grace by Walkers CML Properties (Private) Limited
• Havelock Heights by Walkers CML Properties (Private) Limited

Best Condo Interior Design

• Blue Ocean @ 19^th Lane, Colombo 03 by Blue Ocean Group of Companies
• Blue Ocean @ Gregory's Road, Colombo 07 by Blue Ocean Group of Companies
• Blue Ocean @ King Alfred Place, Colombo 03 by Blue Ocean Group of Companies
• Capitol TwinPeaks by Capitol Developers - Sanken Group
• Capital TRUST Residencies - Thimbirigasyaya Road by Capital TRUST Residencies (Pvt.) Ltd.

Best Housing Architectural Design

• Ariyana Resort Apartments by Home Lands Skyline (Pvt) Ltd
• Nano Homes Project by Landmark Developer

SPECIAL AWARDS 

Best Green Development

• Ariyana Resort Apartments by Home Lands Skyline (Pvt) Ltd
• Clearpoint Residencies, Rajagiriya, Sri Lanka by Maga Engineering (Pvt) Limited
• MAGA ONE by Maga Engineering (Pvt) Ltd

Special Recognition for Public Facility

• Winner to be revealed on 12 July 2018 at the gala dinner in Colombo

BEST OF SRI LANKA AWARDS 

Best Condo Development (Sri Lanka)

• Winner to be revealed on 12 July 2018 at the gala dinner in Colombo

Best Housing Development (Sri Lanka)

• Winner to be revealed on 12 July 2018 at the gala dinner in Colombo

PUBLISHER'S CHOICE 

Sri Lanka Real Estate Personality of the Year

• Pradeep Moraes, Director, Indocean Developers (Pvt) Ltd, and Chairman, Condominium Developers Association of Sri Lanka (CDASL)

For more information about, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com/sri-lanka-property-awards/

-END- 

Note to editors: Use of the official PropertyGuru Asia Property Awards (Sri Lanka) logo is limited to the publication of this article only.

For further enquiries or media interviews, please contact:         

About PropertyGuru Asia Property Awards:

PropertyGuru's Asia Property Awards, established in 2005, are the region's biggest and most prestigious real estate awards series. Asia Property Awards are recognised as the ultimate hallmark of industry excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, fair and transparent. In 2018, the Awards expanded to cover 17 key markets around the region, featuring 12 gala dinners and associated ceremonies in 11 countries, each one hosting up to 600 senior industry leaders to recognise excellence within each Asian market. Local awards culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place alongside the two-day PropertyGuru Asia Real Estate Summit in Bangkok on 8-9 November 2018.

For more information, please visit AsiaPropertyAwards.com

About PropertyGuru Group:

PropertyGuru Group is Asia's leading online property company and the preferred destination for over 25 million property seekers to find their dream home, every month.  PropertyGuru and its group companies empower the property seekers with the widest option of more than 2 million homes, in-depth insights and solutions that enable them to make confident property decision across Singapore, Malaysia, Thailand, Indonesia and Vietnam.

PropertyGuru.com.sg was launched in 2007 and revolutionised the Singapore property market by taking it online and made property search transparent for the property seeker. Over the decade, the group has grown from a regional property media powerhouse to a high-growth technology company with a robust portfolio of No.1 property portals, award-winning mobile apps; best-in-class developer sales enablement platform, ePropertyTrack and a host of industry-leading property offerings such as awards, events and publications - across eleven countries in Asia.  

For more information, please visit PropertyGuruGroup.com