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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CONDOMINIUM BUBBLE FEARED

CONDOMINIUM BUBBLE FEARED

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1CONDOMINIUM BUBBLE FEARED Empty CONDOMINIUM BUBBLE FEARED Thu Nov 17, 2016 8:17 am

samaritan


Moderator
Moderator
many have expressed fears of an imminent condominium bubble. Banks are also seen cutting their exposure in this area
http://www.dailymirror.lk/article/Capital-Gain-Tax-only-on-properties-less-than-years-and-not-on-inherited-wealth-FinMin-119156.html


It must be noted projects like Havelock City have delayed project completion dates owing to the fall in sales demand.


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2CONDOMINIUM BUBBLE FEARED Empty Re: CONDOMINIUM BUBBLE FEARED Thu Nov 17, 2016 8:22 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Havelock city is having less demand mainly not due to VAT increment and capital gain tax. Its because of the all new projects which are coming out at similar price range. Supply is increasing

3CONDOMINIUM BUBBLE FEARED Empty Re: CONDOMINIUM BUBBLE FEARED Thu Nov 17, 2016 8:58 am

samaritan


Moderator
Moderator
@jayathu wrote:Havelock city is having less demand mainly not due to VAT increment and capital gain tax. Its because of the all new projects which are coming out at similar price range. Supply is increasing  
True. As stated in the press article there is an oversupply of apartments projected and the taxes will make the situation worse.


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4CONDOMINIUM BUBBLE FEARED Empty Re: CONDOMINIUM BUBBLE FEARED Thu Nov 17, 2016 11:28 am

niru


Manager - Equity Analytics
Manager - Equity Analytics
But still the apartments prices are over value. Builders pricing the apartments blindly high.

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