Property Development PLC announced that Mr. Kaluachchigamage Avanthi Kumara Jayatilake has tendered his resignation from the post of Directors/Chiairman of the company effective from October 23, 2018. The company also announced the appointment of Dugganna Mudiyanselage Prabhath Renuka Kumara Bandara as Non-Executive Independent Director, effective from October 23, 2018.