Millennium Housing Developers PLC
CCSELK:MHDL.N00006.20
LKR
-0.20
(-3.12%)
Millennium Housing Developers PLC
CSELK:MHDL.N0000
(Colombo Stock Exchange)
Recent
price
6.20
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div
yld
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ROIC.AI
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- 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.