Prime Lands Residencies PLC has officially handed over its premium residential development “43 by the Sea,” marking the completion of one of Colombo’s distinctive luxury apartment projects located along Marine Drive.
Construction of the project commenced in 2023 and has now been fully completed, fulfilling the commitment made to homeowners who invested in the development from its early stages.
The official handover ceremony recently brought together homeowners for an evening celebrating the completion of the project and the beginning of a new residential community overlooking the ocean. For buyers who selected the property based on its coastal location, urban accessibility, and the developer’s reputation, the event marked the successful realisation of the project as envisioned.
Located on Marine Drive in Colombo, the development has been designed around the concept of combining city living with oceanfront surroundings. Residents benefit from close access to schools, hospitals, commercial centres, and lifestyle destinations while enjoying uninterrupted coastal views.
The project, developed with all required approvals, is now fully sold out, with transfer deeds prepared for execution.
Rising 12 floors above ground level, “43 by the Sea” features an exclusive collection of three-bedroom and four-bedroom apartments designed to maximise both space and sea views. The development aims to combine modern urban convenience with a premium coastal living experience.
According to Prime Lands Residencies PLC, the completion and official handover of the project reflect the company’s broader development philosophy centred on delivering projects on promise and maintaining long-term trust with homeowners and investors.
Sri Lanka enters new digital payments era with launch of PayPal
PayPal has officially launched its services in Sri Lanka, marking a major milestone in the country’s digital payments and e-commerce landscape through partnerships with several leading local banks.
The announcement was made at a special event attended by senior representatives from Commercial Bank of Ceylon, Sampath Bank, and Bank of Ceylon, highlighting the banking sector’s collective effort to expand access to global digital payment services for Sri Lankan consumers and businesses.
Speaking at the event, Commercial Bank CEO Sanath Manatunge described the initiative as an important step toward shaping the future of digital commerce in Sri Lanka, emphasising the need for collaboration in building modern payment ecosystems.
The introduction of PayPal is expected to significantly improve access to international online payment capabilities for Sri Lankans, particularly freelancers, entrepreneurs, exporters, and digital businesses engaged in cross-border commerce.
The move is also expected to strengthen Sri Lanka’s broader digital economy by enabling easier participation in global online marketplaces, improving transaction convenience, and supporting the country’s growing digital services sector.
‘43 by the Sea’ officially handed over as Prime Lands Residencies delivers landmark project
