PROPERTY BUBBLE IS IMMINENT !

ice4083 · 26 Re: PROPERTY BUBBLE IS IMMINENT ! Thu Mar 16, 2017 10:55 am

ice4083

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My friend in Aussie tells me that apartment prices here are even more expensive than best places in Melbourne. He also told me that gambling Chinese people move into developing countries like ours when they see property development and do a pump & dump with the apartments too. They get out at the right time and we will find our usual fools holding on to properties twice their value soon.

jayathu · 27 Re: PROPERTY BUBBLE IS IMMINENT ! Thu Mar 16, 2017 11:02 am

jayathu

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@ice4083 this happens at luxury apartment category, like what happened at Sydney. Chinese investors bought heavily into sydney high end apartments and started selling off after some time. Now prices of those has come down. Again beginning of this yr in Aussie Sydney high end market experiencing inflow of money Chinese investors due to lower prices which is prevailing.

anges · 28 PROPERTY BUBBLE IS IMMINENT ! Sun Aug 13, 2017 10:21 pm

anges

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PROPERTY BUBBLE IS IMMINENT SPECIALLY IN THE WESTERN PROVINCE ACCORDING TO THE BANK VALUERS ! THEY SAY LANDS HAVE BEEN SOLD AT 200%-600% MORE THAN THE MARKET VALUE ! I AM SURPRISE PEOPLE DO BUY AT THAT RATES ! CRAZY AS IT SOUNDS BUT IT SEEMS TO BE HAPPENING ! STAY SAFE GUYS ..........!!!!!!!!!

Teller · 29 Re: PROPERTY BUBBLE IS IMMINENT ! Mon Aug 14, 2017 12:39 am

Teller

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Agreed.

samaritan · 30 Re: PROPERTY BUBBLE IS IMMINENT ! Mon Aug 14, 2017 9:30 am

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anges wrote:PROPERTY BUBBLE IS IMMINENT SPECIALLY IN THE WESTERN PROVINCE ACCORDING TO THE BANK VALUERS ! THEY SAY LANDS HAVE BEEN SOLD AT 200%-600% MORE THAN THE MARKET VALUE ! I AM SURPRISE PEOPLE DO BUY AT THAT RATES ! CRAZY AS IT SOUNDS BUT IT SEEMS TO BE HAPPENING ! STAY SAFE GUYS ..........!!!!!!!!!

Most of the transactions were by Property developers. As at now the Agents/Brokers are trying to keep prices at that level but transactions are not taking place. Even rental demand for high end apartments have slumped.

CENTRAL BANK HAS WRITTEN TO IMF EXPRESSING CONCERNS OVER ASSET BUBBLE POSSIBILITY & TO LIMIT CREDIT FLOW TO REAL ESTATE SECTOR.
https://www.pressreader.com/sri-lanka/daily-mirror-sri-lanka/20170814/282037622267350

(Mirror Business of today)

reyaz · 31 Re: PROPERTY BUBBLE IS IMMINENT ! Tue Aug 15, 2017 10:05 am

reyaz

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Bubble burst is a good thing because everyone is thinking of moving from colombo to Hambantota

nilantha suranga · 32 Re: PROPERTY BUBBLE IS IMMINENT ! Fri Sep 22, 2023 1:02 pm

nilantha suranga

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reyaz wrote:Bubble burst is a good thing because everyone is thinking of moving from colombo to Hambantota

Heard PLR will announce final dividend of Rs 0.40..
Good to hold property stocks..

sandamal · 33 Re: PROPERTY BUBBLE IS IMMINENT ! Tue Sep 26, 2023 12:08 pm

sandamal

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nilantha suranga wrote:

reyaz wrote:Bubble burst is a good thing because everyone is thinking of moving from colombo to Hambantota

Heard PLR will announce final dividend of Rs 0.40..
Good to hold property stocks..

when will this announcement drop ?