Sri Lanka's economy has emerged from civil devastation to post some of the highest growth numbers in the region recently.
With demand rising fast, real estate and construction have attracted significant investment captial.
Sri Lanka has one of the lowest urbanization rates in the world, due to well developed island wide infrastructure like electricity, high housing prices in urban areas, and low population growth.
Riding a new wave of tourism arrivals, a number of international hotel brands are under constuction in Colombo, including Shangri La, Grand Hyatt, and Movenpick.
Major construction is underway for a number of premium residential high rise apartments in Colombo, but low uptake threatens the long-term viability of this segment.