In another major milestone for Sri Lanka’s premier real-estate developer, John Keells Properties (JKP) celebrated the completion of the structural work for all three towers of its highly anticipated TRI-ZEN smart residences with a special ‘Topping Off’ ceremony.
The event was marked with a private ceremony attended by the senior management of John Keells Properties including John Keells Holdings Chairman Krishan Balendra, together with representatives from the development’s joint venture partner, Indra Traders (Pvt) Ltd and the contractor, China State Construction Engineering Corporation Ltd.
“We take this opportunity to congratulate our teams for their tireless efforts in keeping construction on TRI-ZEN moving at a steady pace despite facing often unprecedented challenges owing to the pandemic. With this milestone, we are now moving into the final phases of construction, and we look forward to handing over the apartments to our customers in 2023.,” TRI-ZEN Development Manager Lumbini Pathirage said.
A tradition among builders across the globe, the topping off ceremony marks the placement of the last structural element at the final roof height and celebrates the accomplishment of the structural construction crews and the transition to interior construction.
Enhancing Colombo’s skyline with three towers of 52, 54, and 52 floors respectively, TRI-ZEN will comprise a total of 891 smart apartment units. Featuring over 35 amenities, including two swimming pools, opulent function rooms, two Gymnasiums, a rooftop badminton court, a café and a minimart, TRI-ZEN is designed to offer residents the pinnacle in modern, cosmopolitan, smart living.
“Achieving this milestone on target, despite the unprecedented challenges our country has faced in the last 3 years, is a remarkable achievement. It is testament to the absolute grit, determination and professionalism of our incredible team and the strength and stability of John Keells Properties” said Nayana Mawilmada, President of the Property Group. “We set out on this project with the aim of redefining the entire concept of urban living in Sri Lanka. The record sales we have seen on TRI-ZEN shows that this vision is embraced by both investors and homebuyers alike. In volatile economic times, real estate is perhaps the most attractive and stable asset class to invest in. The unique value proposition and concept of TRI-ZEN, its unbeatable location right in the centre of Colombo, and the unmatched reliability and execution capacity of john Keells Properties truly sets this project apart from the rest” he added.
Located in the heart of the city at Union Place, each unit at TRI-ZEN will incorporate cutting-edge design principles to deliver unmatched convenience and comfort, in addition to over an acre of community space
Each of the residential buildings will feature a mix of one, two, and three bedroomed units, with two-bedroomed apartments starting from Rs. 37 million. Each apartment is furnished with a range of world-class smart home technologies and design elements, allowing residents to live in an affluent and modern environment.
The industry leader in property development and management, John Keells Properties is renowned for its contribution to the city’s transforming skyline and lifestyle. For more information, visit the TRI-ZEN website.
Sri Lanka’s economic confidence index plummets
‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.
Key findings of the survey:
Government approval rating drops from 10% to 3%
The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.
The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.
1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.
2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.
3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.
Implementation of “Mood of
The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.
Decline in share market in the wake of rate hike reports
By Hiran H.Senewiratne
CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.
“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.
Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.
Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.
In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.
The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.
Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.
Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.
Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’
In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.
The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.
With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision
BASL urges President to de-escalate tensions in different parts of country
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