Millennium Housing Developers PLC
CCSELK:MHDL.N00006.40
LKR
+0.10
(+1.59%)
ISIN
LK0425N00005
Return %
Stock
S&P 500
1Y
-7.25
14.20
3Y
106.45
81.12
5Y
4.92
68.34
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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- Sector
- Consumer durables
- Industry
- Homebuilding
- Address
- Colombo Sri Lanka
- IPO Date
- Dec 30, 2013
- Website
- mhdplc.com
- Similar Companies
- Business
- Millennium Housing Developers PLC is a Sri Lanka-based real estate development company engaged in the planning, development, construction, and marketing of master-planned townships, gated housing communities, and luxury residential apartment complexes. The company offers a comprehensive portfolio of real estate products and property solutions, including large-scale integrated township developments under the flagship Millennium City brand; mid-rise and high-rise luxury vertical living units developed under The Heights brand portfolio; subdivided residential land plots with integrated road, electricity, and drainage infrastructure; customized architectural planning, structural design, and civil construction services; turnkey project execution and engineering management; and post-handover property management, facility maintenance, and community administration services. Founded in 1998 and headquartered in Colombo, Sri Lanka, the company primarily serves domestic middle- to high-income homebuyers, non-resident Sri Lankan expatriates, and property investors seeking long-term residential capital appreciation and rental yields across the Western Province and expanding suburban growth corridors. In recent developments, Millennium Housing Developers PLC has accelerated its strategic transition toward high-density urban residential projects, expanded joint venture and land-share development partnerships to optimize capital deployment, integrated sustainable construction methodologies and localized material sourcing to mitigate macroeconomic and supply-chain pressures, and restructured project financing pipelines to enhance liquidity and accelerate delivery across its urban residential project portfolio.