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Royal Park Condominium celebrates 25 years of luxury living

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Sri Lanka’s first luxury condominium complex, Royal Park condominium recently marked 25 years, a momentous milestone in providing luxury accommodation to a generation that grew up in sprawling multi-bedroom homes.

Built and developed by Keangnam Enterprises (previously Keangnam Korea) in 1997, the property consists of 248 luxury apartments housed within the condominium’s two towers, each comprising of 24 floors, complete with two penthouses in each tower. Approximately 1,500 workers were involved in the construction of the condominium, a news release from the developer said.

“Despite being one of Sri Lanka’s first true luxury, condominium developments, Royal Park’s construction proceeded at record pace for its time, having handed over its units to the community’s first residents just over three and a half years from commencement of construction.”

Sharing his experiences on the continuing legacy of Royal Park 25 years on, Keangnam (Ceylon), General Manager overlooking Royal Park at its inception, and a resident of the complex for almost 20 years, Major General (Rtd) Tilak Paranagama, emphasized the importance of mutual respect and camaraderie displayed by residents of Royal Park over the years.

“It’s been an absolute pleasure to live at Royal Park, as the common value system here is based on decency and respectfulness of each other. It is an extremely homely atmosphere, and the design and layout of the premises too lends itself to ensuring that residents have ample space for daily fellowship,” he said.

He also noted that with condominiums being a new concept to Sri Lankans in the mid-1990’s, the development of the complex also came with its share of novel challenges.

“As it was the first of its kind, we had to make sure that each unit was constructed perfectly. My team and I would personally look into every aspect from planning the construction, including preparation and initiation of survey plans, electrical and water meters for each individual apartment.

“I was also part of establishing Royal Park’s first ever Management Committee and together, we formulated a comprehensive constitution for it. 25 years later. I am incidentally the only surviving member of the original Management Council, but I’m happy to see that the systems, and most importantly the culture that we created back then still continues to thrive to this day,” he reminisced. Over time, Royal Park has been home to almost three generations, with children who moved in with their parents during the last 25 years, now residing with their own young families, contributing to the strong sense of family and community.

“I first moved into Royal Park when I was around nine years old, and I have since met people of all ages, races and nationalities – everywhere from Azerbaijan to Zimbabwe. Royal Park is definitely a paradise for any child growing up, as there is always a friend around to keep you company, and some of my closest friends are people I met here. Royal Park has always had a beautiful community – they are always down to have a good time, but most importantly they will always be there for you in your time of need,” added Tashiya Ekanayake (29), a current resident of the Condominium.

The complex is especially ideal for children of all ages who are presented with a very different experience from a typical high-rise, most often creating lifelong friendships with each other. The children’s play area comes alive every evening, kids riding bicycles on the path surrounding the beautiful gardens, teenagers playing basketball and residents joining each other for fellowship in the vast common areas, are all familiar sights at Royal Park.

Royal Park Condominium provides a truly holistic living experience, achieving that perfect balance in offering its residents a modern living space while retaining an extremely homely atmosphere. Spread across a sprawling four acres in the heart of Colombo, Royal Park boasts of beautiful manicured gardens; its tending being overlooked by a devoted resident.

Two large Ehela trees greet you at the entrance of the premises, with its long winding driveway leading to a large spacious sunlit lobby. Just beyond is a large ground floor pool and kiddies pool, bordered by a children’s play area, restaurant and sitting area, tennis court and jogging/ walking tracks.

The facility is also complete with all modern amenities, a well-equipped gym, sauna, squash court, table tennis court, a Cargills Express mini supermarket, salon, laundry, and an ATM just adjacent to the main entrance. In addition, the spacious apartments offer spectacular views of the Royal Colombo Golf club, the Kinda Canal Wetland which is home to remarkable birdlife, the Colombo skyline, the port and the ocean beyond, giving Royal Park a truly unique appeal. A competent resident-run Management Council overlooks all aspects of the management and maintenance of the premises, complete with monthly meetings and Annual General Meetings carried out with the participation of the Condominium Management Authority.

As such, regular maintenance upgrades, daily maintenance and attention to detail ensures that the complex remains pristine, safe and comfortable to all its residents. In maintaining these high standards of safety and quality of the common facilities, upgrades in the Service Elevators, Main Control Panels, fuel storage, submersible pumps, lobby and restaurant areas to name a few, were carried out during the last financial year only.

The management, safety and maintenance of the premises is handled by competent staff members consisting of the Condominium Manager Ms.Christine Hassim, Command Center Coordinator Mr. W A C Wanasinghe and Engineering and Maintenance Head, Mr. Indika Deshapriya, and their respective teams.The permanent staff at the complex consists of 29 dedicated team members, whilst 29 sub contractors’ staff diligently handle areas such as security, janitorial and accounts, many of whom have been employed at Royal Park for over a decade, adding familiarity and a sense of safety and comfort to the residents.Royal Park Condominium has truly stood the test of time, weathered many a storm, and celebrates this significant milestone triumphant in its ability to remain a home to many more generations to come. (Royal Park news release)



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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