SL property developers promote Colombo projects

Sri Lankan property developers ventured into the Chinese market for the first time when some of the country's property developments were showcased at the Beijing International Property Show recently.

Indocean Developers, the promoter of 'Altair', the iconic twin tower high rise, and Waterfront Properties (Pvt) Ltd., (a member of the John Keells Group) developer of 'Cinnamon Life' represented the sector at this show, which featured 360 international stalls of exhibitors from over 30 countries and averaged 8,000 to 10,000 visitors per day.

Director, Indocean Developers, Pradeep Moraes said, "The scale and quality of some of the on-going building projects in Colombo justify looking at property development as a new segment of our export economy, as they have the potential to attract investors from many countries."

"While each project will compete in the market for buyers, there is a strong case for leading property developers to work together to position and market the sector overseas," he said.

He said that the Beijing International Property Show attracted exhibitors from the USA, Canada, Australia, New Zealand, the UK, Spain, Portugal, Germany, Italy, Netherlands, Greece, Korea, Japan, Singapore, Malaysia, Thailand, UAE, Cyprus, Latvia and Bulgaria, all seeking buyers from China.