FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» When will supply chain disruptions ease?
by God Father Today at 1:56 pm

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by God Father Today at 1:39 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Today at 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Today at 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Today at 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Yesterday at 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Yesterday at 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Yesterday at 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Yesterday at 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Yesterday at 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Yesterday at 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Mon Jun 27, 2022 8:03 pm

» Expolanka to continue its winning streak
by samaritan Mon Jun 27, 2022 9:49 am

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Mon Jun 27, 2022 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Mon Jun 27, 2022 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Mon Jun 27, 2022 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Mon Jun 27, 2022 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Mon Jun 27, 2022 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Mon Jun 27, 2022 6:34 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Colombo property prices stagnant

Colombo property prices stagnant

Go down  Message [Page 1 of 1]

1Colombo property prices stagnant Empty Colombo property prices stagnant Sun Jul 01, 2012 12:30 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Written by The Nation

Despite volatility in demand and over supply of land in certain areas of Colombo, prices for neither commercial nor residential property have got adjusted down, a recent report by myeaglefunds of NDB Aviva Wealth Management has stated. According to a Market update and Fund Review by the firm, though sales have reduced in certain areas of Colombo, no correction has been witnessed in the prices.

“The oversupplied locations remain stagnant and are expected to remain so for the next six months. In the residential space, relatively high sales volumes have led to a sharp increase in prices and rental cost of apartments in the heart of Colombo,” the report further noted.

It noted that entry points for high end luxury apartments in Colombo 3 and 4 are in the range of Rs. 36 million – Rs. 60 million for 2-3 room and 1,500 sq ft – 2,700 sq ft respectively.

“Retail buyers appear to be postponing their decisions due to expectations of a price correction and lower interest rates. The demand for bare land in residential areas of Colombo and the immediate suburbs have increased rather steeply. High demand for commercial property segment is evident as companies are looking at long term holding of real estate office space,” this report on real estate further identified.
http://www.nation.lk/edition/biz-news/item/7680-colombo-property-prices-stagnant.html

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum