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TRI-ZEN reports surging demand as project crosses 45% completion

A combination of low interest rates and the launch of real estate-focused financial products is leading a trend towards investing in apartments, according to John Keells Holdings Vice President, Head of Sales and Marketing (Property Group), Nadeem Shums. Sri Lanka’s financial sector has reached a phase of low interest rates - for fixed income products and housing loans. Together with strong...

Sri Lanka property price disinflation in the capital Colombo ends

The slowdown in property price gains in Sri Lanka’s capital Colombo (disinflation) had ended with a near double digit annual gain, according to an index compiled by the country’s Central Bank. Land, residential and commercial property prices inflated a little under 20 percent in 2018 amid a strong economy recovery where pro-cyclical liquidity injections to target an output gap triggered a currency...


Sri Lanka’s Real Estate Market Transitioning

“Sri Lanka’s real estate industry is the frontier that will uplift and elevate the nation, on a global scale,” says a hopeful (Eng.) Ranjith Gunatilleke – the current President of the Chamber of Construction Industries of Sri Lanka, a Chartered Engineer and an entrepreneur in the construction industry. Eng. Gunatilleke entered the real estate and construction industry in 1976 serving as a Civil...

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