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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ »  Property on demand in the Sri Lankan city of Colombo

Property on demand in the Sri Lankan city of Colombo

5 posters

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Eng Krishantha

Eng Krishantha
Expert
Expert

As prices of prime apartments rise in Colombo, locals have been priced out of the sector, which is dominated by foreign investors, non-residents and wealthy locals, says top agent, JLL
Most prime apartment projects in the Sri Lankan city of Colombo are purchased by overseas buyers, non-residents and wealthy locals, says a leading agent.
The Sri Lanka property market has seen rising property prices since 2009, thanks to improved confidence in the investment market and Colombo, the largest city and the commercial capital of Sri Lanka, is leading the way, says JLL India......
http://www.opp-connect.com/03/09/2014/overseas-buyers-dominate-apartment-sales-in-colombo-sri-lanka/?
http://www.infolanka.com/news/index3.html

OSEA, CLND,ect... can move very fast..

rangananwr

rangananwr
Manager - Equity Analytics
Manager - Equity Analytics

Its very interesting article thanks ENG Krishantha. Yes its true now colombo is becoming one of incredible place to visit. So it goes with your article. No doubt about OSEA....... Its time to buy
cheers

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

property sector target next year

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

Eng Krishantha wrote:As prices of prime apartments rise in Colombo, locals have been priced out of the sector, which is dominated by foreign investors, non-residents and wealthy locals, says top agent, JLL
Most prime apartment projects in the Sri Lankan city of Colombo are purchased by overseas buyers, non-residents and wealthy locals, says a leading agent.
The Sri Lanka property market has seen rising property prices since 2009, thanks to improved confidence in the investment market and Colombo, the largest city and the commercial capital of Sri Lanka, is leading the way, says JLL India...
Prices of property developers' shares are likely to rise much faster than the price of property itself. To protect myself against downside risks, I would pick companies that have (i) dividend yield >5% and (ii) P/B Ratio <1.

Eng Krishantha

Eng Krishantha
Expert
Expert

Antonym wrote:
Eng Krishantha wrote:As prices of prime apartments rise in Colombo, locals have been priced out of the sector, which is dominated by foreign investors, non-residents and wealthy locals, says top agent, JLL
Most prime apartment projects in the Sri Lankan city of Colombo are purchased by overseas buyers, non-residents and wealthy locals, says a leading agent.
The Sri Lanka property market has seen rising property prices since 2009, thanks to improved confidence in the investment market and Colombo, the largest city and the commercial capital of Sri Lanka, is leading the way, says JLL India...
Prices of property developers' shares are likely to rise much faster than the price of property itself. To protect myself against downside risks, I would pick companies that have (i) dividend yield >5% and (ii) P/B Ratio <1.

Very Happy Very Happy Very Happy
This is just only inform
Decision in your hand...

cheers cheers cheers

rangananwr

rangananwr
Manager - Equity Analytics
Manager - Equity Analytics

Eng Krishantha wrote:
Antonym wrote:
Eng Krishantha wrote:As prices of prime apartments rise in Colombo, locals have been priced out of the sector, which is dominated by foreign investors, non-residents and wealthy locals, says top agent, JLL
Most prime apartment projects in the Sri Lankan city of Colombo are purchased by overseas buyers, non-residents and wealthy locals, says a leading agent.
The Sri Lanka property market has seen rising property prices since 2009, thanks to improved confidence in the investment market and Colombo, the largest city and the commercial capital of Sri Lanka, is leading the way, says JLL India...
Prices of property developers' shares are likely to rise much faster than the price of property itself. To protect myself against downside risks, I would pick companies that have (i) dividend yield >5% and (ii) P/B Ratio <1.

Very Happy Very Happy Very Happy
This is just only inform
Decision in your hand...

cheers cheers cheers

Thats true. Already we have stock.. still I'm collecting

Eng Krishantha

Eng Krishantha
Expert
Expert

Hitachi Monorail System, the world’s prominent entity in establishing the Monorail system of transport, said it wishes to consider its contribution if a Monorail is to be established in Colombo.

The Hitachi Monorail System representative who accompanied Japanese Prime Minister Shinzo Abe on his Sri Lanka visit pointed out that the Monorail system is the most eco-friendly and efficient transportation system.

http://www.adaderana.lk/bizenglish/japanese-company-raises-expectations-on-monorail-in-colombo/

rangananwr

rangananwr
Manager - Equity Analytics
Manager - Equity Analytics

Its look like very positive approach.. Everything is going with OSEA......

Eng Krishantha

Eng Krishantha
Expert
Expert

dinamina.lkමෙයින් උපුටා ගන්නා ලදී.

#අද කොළඹට ලක්ෂ 4000 ක රන් වැස්සක්
#ස්වර්ණාභරණ සාප්පු 83 ක් සහිත Colombo Gold Centre විවෘත වෙයි
#කොළඹ නගරයට අනුචිත අනවශ්‍ය තදබදයක් එක් කළ ශාන්ත ජෝන් #මාළු වෙළෙඳ පොළ ඉවතට
#ඒ වෙනුවට මහල් 5ක නවීන වෙළෙඳ සංකීර්ණයක්
#ගෝඨාභය දැවැන්ත නාගරික සංවර්ධනයේ තවත් ඉලක්කයක් ජයගනී

#ඉදිකිරීම් හා සේවා කටයුතු යුද හමුදාවේ 4වන සේවා ඉංජිනේරු බළකායෙන්

නව යුගයක් කරා ගමන් කරන ශ්‍රී ලංකාව තවත් වැදගත් සන්ධිස්ථානයක් සනිටුහන් කරමින් දැවැන්ත සංවර්ධන ක්‍රියාදාමයේ ප්‍රතිඵලයක් ලෙස ඉදිකළ ‘පිටකොටුව මැණික් හා ස්වර්ණාභරණ වෙළෙඳ සංකීර්ණය’ ආර්ථික සංවර්ධන ඇමැති බැසිල් රාජපක්ෂ මහතාගේ ප්‍රධානත්වයෙන් අද (5) විවෘත කිරීමට නියමිතයි.

කොළඹ නගරය ආසියාවේ ආශ්චර්යවත් නගරය බවට පත්කිරීමේ දැවැන්ත වැඩපිළිවෙළ තුළ හමුවන තවත් සුවිශේෂී සන්ධිස්ථානයක් වන මේ ව්‍යාපෘතිය රාජ්‍ය ආරක්ෂක හා නාගරික සංවර්ධන අමාත්‍යාංශය සහ නාගරික සංවර්ධන අධිකාරිය එක්ව ක්‍රියාත්මක කැර තිබෙන අතර ඒ වෙනුවෙන් වැයකර තිබෙන මුදල රුපියල් මිලියන 400 කි.


http://www.gannadeshiyade.com/2014/09/83-colombo-gold-centre.html

https://www.facebook.com/video.php?v=830706923630883&set=vb.394867817214798&type=2&theater

Pethi

Pethi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Eng Krishantha wrote:Hitachi Monorail System, the world’s prominent entity in establishing the Monorail system of transport, said it wishes to consider its contribution if a Monorail is to be established in Colombo.

The Hitachi Monorail System representative who accompanied Japanese Prime Minister Shinzo Abe on his Sri Lanka visit pointed out that the Monorail system is the most eco-friendly and efficient transportation system.

http://www.adaderana.lk/bizenglish/japanese-company-raises-expectations-on-monorail-in-colombo/

Appreciate your comments. but would infrastructure only make a city knowledge city??


Mono rails are just for tourists to see the city. not for transport people.
do we need such a thing in Colombo? or do we have more things to concentrate?

What we should do is, bring more investments to Sri Lanka, let the foreigners to buy lands/ apartments etc ( with less but clear restrictions).
Look at Singapore, how many billionaires live in Singapore?
give foreign citizens dual citizenship.... this would flow $ freely.


Most of all, punish the convicts and safe the innocent civilians.then
people will realize this is a safe place to live.

Singapore crime level is zero.
Strict rules, less corruption.

These are the basics. If there are no strong foundation, what will happen to the building??

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