Monday, 6 December 2010

Sri Lanka property project resumed by Shing Kwan

The Singapore-based Shing Kwan group has re-activated its big Havelock City residential and commercial property project in Sri Lanka with plans to build 800 more apartments, its chairman S P Tao said.

"This country is going to get better, and better and better," Tao said at the formal launch of the remaining phases of the 350 million US dollar project in the heart of the capital Colombo.

Construction work has begun on the second phase of the project, being done by the Colombo-listed Overseas Realty (Ceylon), in which Shing Kwan has a majority stake, the balance being held by state-owned Bank of Ceylon.


(Source: LBO)

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