The trailblazers behind Sri Lanka’s snappy new city development voice out their support for Asia’s leading tech and thought leadership platform
As we host our second virtual edition of the annual PropertyGuru Asia Real Estate Summit, the premier gathering of the globe’s leaders and innovators in the real estate and tech sectors, we are grateful to have the endorsement and support of the brilliant minds behind Port City Colombo as our official Platinum Sponsor this year.
Port City Colombo is a spanking new mega city development, built on 269 hectares of reclaimed land owned by the Government of Sri Lanka. It is the first ever Special Economic Zone (SEZ) of the country dedicated for financial and services with specialised laws for business-friendly regulations. Out of 269 ha, approximately 91 hectares of land will be dedicated to common amenities such as beach, walkways, waterways, parks, green shaded roads, etc., whereas 179 ha will be for the development of Grade A office buildings, retail destinations, hotels, residential developments, medical and educational facilities, an integrated resort, a luxury marina, and other lifestyle developments.
Around 179 ha of developable land area is demarcated into 74 land parcels and made available for investors to purchase leasehold rights for 99 years to develop this mega city as per the Masterplan. This new city aims to become the most liveable city in South Asia, focusing on sustainable solutions and users’ convenience.
According to Yamuna Jayaratne, Director – Sales and Marketing at Port City Colombo, the partnership with the Summit will “provide visibility to the [development] with other developers, especially from South Asia and Asia Pacific regions, which are our key targets.”
The 2021 virtual summit will highlight “Data Revolution” in the real estate industry, tackling smart cities and technology, groundbreaking innovations, accessible data, green finance, and sustainable solutions.
Our platinum sponsor for this year shares the same vision as our leaders, and their support for our platform will help enlighten and encourage industry players to pursue the notion of a sustainable built environment that can nurture generations to come.
Port City Colombo is developed by CHEC Port City Colombo (Pvt) Ltd through China Harbour Engineering Company (CHEC), part of multi-award winner China Communications Construction Company Limited (CCCC). It will be built as an extension of the existing Colombo Central Business District, with an initial investment of USD1.4 billion and an expected USD15 billion total investment upon completion.
Established in 2015, PropertyGuru Asia Real Estate Summit is the premier gathering of the industry’s finest minds, top-level business leaders and decision-makers. Designed to ‘educate, innovate and inspire,’ the Summit focuses on advancements in property technology, green building, sustainability, and innovation.
More than 500 registered delegates, comprising real estate and proptech experts, climate heroes, sustainability champions, trendsetters, and tech startup executives from around the region and beyond participate to refresh thinking, exchange ideas and connect with peers at the PropertyGuru Asia Real Estate Summit Virtual Edition, which features global keynotes, case studies, panel discussions, interactive booths and exhibition halls, and online networking.
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