Yanjian Group Won the Bid for 400 Medium-Income Housing Projects in Sri Lanka
2018-3-9
 

On February 27, 2018, Yanjian group received a letter of award from Sri Lanka government for Thalawathugoda 400 medium-income housing projects of the Urban Development Authority. The project is located in Colombo, the capital of Sri Lanka. Its owner is the Sri Lanka Urban Development Authority (UDA), the construction area of the project is about 78,218 square meters, including two blocks, and each block has 30 storeys (including two basements). The total construction cost is 6.997 billion Rs (about RMB 285 million Yuan). The duration is 912 days.

 

This project is the second government-owned residential project to be co-operated with the Urban Development Authority in Sri Lanka following the successful bid of Borella 400 middle-income housing projects of the Urban Development Authority and secured by the Sri Lanka Urban Development Authority with a 50% progress payment. This project has further consolidate the dominant position of Yanjian Group in Sri Lanka's housing market and wins a good start for the development of Sri Lanka in 2018.