The investment opportunities in Sri Lanka’s property development sector generated significant interest at the 2019 Luxury Properties Showcase Ltd. (LPS) exhibition in Shanghai, China, according to Altair, one of the leading participants from South Asia at the invitation-only event, which attracted a record 12,500 elite property investors from around the world.
The RCGC Altair Open Championship was contested by 60 golfers from all over the Country with M.Dharma from India, being the sole overseas entry from overseas.
“Cities must have iconic buildings and structures; this is key to a city’s uniqueness and character,” says Mohandas Saini, Managing Director and CEO of Shapoorji Pallonji International.
The apparent boom in the luxury apartments market is not a bubble the industry claims, with future buildings pointing to great potential and investments despite some concerns.
Sri Lanka made its strongest effort to woo interest from Hong Kong-based companies, fund managers and investors, highlighting recent macroeconomic progress as well as measures to boost higher inclusive growth from which foreign firms could benefit.
Otis has been selected to provide high-speed elevators to the Altair project in Colombo, which when complete will be the tallest residential building in Sri Lanka and will have the country’s fastest elevators.
A large number of Omanis are turning to Sri Lanka to invest in property, infrastructure development and the farming sector, officials said.
Altair, Sri Lanka’s iconic luxury residential high-rise development launched to a receptive crowd in Maldives this week. In an event held at Hotel Jen in Male, Altair team along with it’s local partners DAMAS Real Estate made presentations to prospective apartment buyers.