Market Leader Home Lands has announced that Central Park Boulevard Port City Colombo has reached a significant construction milestone, with 60% of its piling work now officially completed, just under three months after the project’s launch, placing its rate of progress 10% ahead of plan. With construction progressing ahead of target, the development’s piling programme is advancing strongly, reinforcing Home Lands’ commitment to timely delivery and its ability to execute large-scale developments through sound planning, financial strength, and a fully integrated business model.

A total of 192 piles are being constructed as part of the development, with 9 piling machines mobilised and three major contractors: Access Engineering PLC, Sanken Construction’s SanPiling (Pvt) Ltd., and D P Jayasinghe Piling Company (Pvt) Ltd., currently engaged in the works. Supported by the contractors’ extensive fleets and expertise in piling, the scale of operations reflects the pace and efficiency with which construction is progressing at the site.

Central Park Boulevard Port City Colombo represents a landmark investment in Sri Lanka’s real estate sector, at Port City Colombo. The project investment of USD 150 million by Home Lands, withthe total project value estimated at over USD 300 million,is the largestreal estate investmentby a single Sri Lankan developer, expected to attract large foreign currency inflows into Sri Lanka by way of global marketing efforts targeting a global clientele. Located in the prestigious Central Park District, the ultra-luxury twin-tower development introduces the branded global lifestyle concept to Sri Lanka and offers residents a premium living environment overlooking nearly 40 acres of Central Park and the Indian Ocean.

For investors, Home Lands’ track record provides further confidence in its ability to deliver. As Sri Lanka’s number one, most trusted, and most innovative real estate brand, Home Lands has been recognised as Best Developer – Sri Lanka at the PropertyGuru Asia Property Awards in 2021, 2024, and 2025, and became Sri Lanka’s only real estate Superbrand in 2025. With more than 5,000 residences sold, over 3,750 homes delivered with 400 more units ready to deliver within this year, and over 2,850 units currently under construction, Home Lands brings more than two decades of experience, scale, financial strength, and proven delivery capability to Central Park Boulevard Port City Colombo.

“Construction progress of Central Park Boulevard Port City Colombo is well underway, with 60% of the piling work completed already” said Mr. Nalin Herath, Chairman of Home Lands Group of Companies. “Our vision to bring a truly world class lifestyle development to Port City Colombo takes shape with the steady construction progress of Central Park Boulevard Port City Colombo”

Home Lands has also reinforced its long-term confidence in Port City Colombo through the acquisition of its second land parcel within the Central Park District, shortly after securing its first. The second land parcel acquired, spanning over 3 acres in extent, is similar in size and located adjacent to the land on which Central Park Boulevard Port City Colombo is being constructed. The acquisition further demonstrates the company’s financial strength and continued commitment to investing in Sri Lanka’s future driven by the potential of Port City Colombo.

With piling for Central Park Boulevard now 60% complete and construction progressing ahead of target, Home Lands once again reinforces its commitment to delivering landmark developments on schedule while creating lasting value for homeowners and investors, further strengthening its position as the developer of choice for those seeking the best in lifestyle choices and high returns.

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Sapphire Residences, an architectural masterpiece redefining Colombo’s skyline was unveiled to the media at an exclusive walk-through event. The development located along the prestigious Galle Face Ocean front ushers in a new era of ‘Ultra Luxury Vertical Living’ and positions Sri Lanka as a world class destination for luxury residences.

Developed by WelcomHotels Lanka (Private) Limited, a wholly owned subsidiary of ITC Hotels Limited and part of the globally renowned ITC Group, Sapphire Residences sustainability centric design offers an unparalleled residential experience, combining elegant design, world class amenities and lifestyle.

Situated between the ocean and Beira Lake, the development’s distinctive triangular plan and north-south orientation maximizes views of the ocean, lake and the city.  WelcomHotels Lanka partnered with several of the world’s leading names in conceptualizing the design and construction of the development including Principal Architects Gensler (USA) including celebrated local architects Surath Wickramasinghe Associates, interior designers YOO Inspired by Philippe Starck (UK), Structural Engineers Thornton Tomasetti (USA), landscape designer Burega Farnell (Singapore), security consultant Control Risks, and other leading international design and technical consultants.

Exclusively marketed in partnership with Sotheby’s International Realty, the media were introduced to a preview of the landmark residences. The tour offered a first-hand experience of the amenity spaces and the world-class lifestyle that positions Sapphire Residences amongst South Asia’s most prestigious addresses.

Each of the 132 uber luxury residences in Sapphire is envisioned as a ‘Sky Mansion’ crafted with an elevated sense of luxury, comfort, and privacy for the entire family.  With an average floor to ceiling height of 4 metres and average apartment areas of approx. 5,500 square feet, the Sky Mansions are designed to maximise the panoramic views of the ocean, lake, and the city skyline.  Elevated high above the bustle of the city, these homes are designed for serenity and sophistication, blending contemporary elegance with a sense of openness and airiness.

Residents at Sapphire will also enjoy world-class wellness and lifestyle amenities including an exclusive residents club lounge, pools, fitness zones, entertainment lounges, indoor squash court, multipurpose court, as well as curated spaces for kids and teens. The integration with the adjacent ITC Ratnadipa luxury hotel further compliments resident access to five-star hospitality and world-class dining experiences.

Having achieved the prestigious and globally accepted LEED Platinum certification, Sapphire Residences symbolises ITC Group’s pioneering vision of ‘Responsible Luxury’. From energy efficiency and water conservation to the use of sustainable materials, the development integrates sustainability with uncompromising opulence.  Each Sky Mansion is also equipped with advanced automation features, enabling residents to manage lighting, temperature, and other functions effortlessly, further elevating comfort, security, and energy efficiency.

Subi George, Managing Director, WelcomHotels Lanka (Private) Limited stated, “Sapphire Residences is a landmark development and a statement of confidence in Sri Lanka’s future. Merging world-class design with ITC Group’s philosophy of Responsible Luxury, we are proud to introduce a new benchmark for sustainable, ultra-luxury living in South Asia. The development echoes our vision of creating landmarks which are architecturally iconic as well as environmentally sustainable.”

Neluka De Alwis, Chief Sales and Marketing Officer, Sotheby’s International Realty Sri Lanka added, “Sapphire Residences is a rare opportunity to experience a globally benchmarked lifestyle in the heart of Colombo. Each Sky Mansion has been meticulously designed to offer privacy, space, and panoramic views, and for residents to enjoy seamless access to curated amenities and five-star hospitality. As Sotheby’s International Realty, we are delighted to bring this extraordinary vision to discerning buyers who seek a timeless legacy called home.”

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