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Will the price of apartments come down or go up Vote_lcap68%Will the price of apartments come down or go up Vote_rcap 68% [ 178 ]
Will the price of apartments come down or go up Vote_lcap18%Will the price of apartments come down or go up Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Will the price of apartments come down or go up

Will the price of apartments come down or go up

4 posters

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bandulawee


Manager - Equity Analytics
Manager - Equity Analytics
There seems to be a high demand for up market apartment complexes like Havelock City with all amnesties including gardens, walkaways, super markets, theaters etc whereas the demand for stand alone apartments in the suburbs are on the decline. Builders should take a lesson from Havelock and plan for other amnesties with along with the apartment blocks to make it more attractive.

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
@bandulawee wrote:There seems to be a high demand for up market apartment complexes like Havelock City with all amnesties including gardens, walkaways, super markets, theaters etc whereas the demand for stand alone apartments in the suburbs are on the decline. Builders should take a lesson from Havelock and plan for other amnesties with along with the apartment blocks to make it more attractive.
Richer gets richer and middle class becoming poorer.That's the explanation.

Pethi

Pethi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@dhanurrox wrote:
@bandulawee wrote:There seems to be a high demand for up market apartment complexes like Havelock City with all amnesties including gardens, walkaways, super markets, theaters etc whereas the demand for stand alone apartments in the suburbs are on the decline. Builders should take a lesson from Havelock and plan for other amnesties with along with the apartment blocks to make it more attractive.
Richer gets richer and middle class becoming poorer.That's the explanation.

Apartment living is not for every one.

Apartments are good for people who work full time married or living together without children. People buy apartments not because they are better (in develop countries). because they can not afford to live in stand alone houses. they are working hard to convert their luxurious apartment to a house. specially after having kids.  

but sri Lanka it is different.

This is a 2 way thing. if the city grows very very big with huge capital markets, the apartment living increases because people flows in to the city even from overseas to work and do business..I am doubt how long it will take sri Lanka to grow such big like EX SINGAPORE

Apartment living increased Wellawatte, Havlock town area due to wealthy Tamils came to colombo from Jaffana during war. and they were sponsored by their relatives, parents, children abroad.

we don't have that market any more. but if Colombo grows bigger with foreign investments, this is possible

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Except the richest, upper middle class is struggling to acquire city bound apartment relying on stable income generated locally or from overseas. Moreover, most apartment residents are financed by their foreign settled parties with long term objectives. Richest class can acquire the best locations conveniently & high return of rental income flows in effortlessly where no upper class gains such.

Pethi

Pethi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@worthiness wrote:Except the richest, upper middle class is struggling to acquire city bound apartment relying on stable income generated locally or from overseas. Moreover, most apartment residents are financed by their foreign settled parties with long term objectives. Richest class can acquire the best locations conveniently & high return of rental income flows in effortlessly where no upper class gains such.

yes all the people i know who own Colombo apartments live their temporarily. until they go overseas. they are sponsored by their relatives overseas. I personally know few wealthy families who own couple of apartments because they think it is safe for them to live here during winter time UK & USA.
they are scared to live alone because they think when people realize how rich they are and therefore.... they will be vulnerable.

SYDNEY, NEW YORK, LONDON, HONG KONG there are apartments just like pigeon houses. I have seen them. it is another way of slums. these people have no option. they don't live there hapily but no other option.

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