Real Estate Annual Report 2017 - Sri Lanka

  • ID: 4439928
  • Report
  • Region: Sri Lanka
  • Research Intelligence Unit
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An upward incline in the market is always good news but also carries with it the demands of hard work, er requirements on knowledge and data as well as rising competition. Following a good year for the

Sri Lankan real estate industry last year, 2017 promises to be another exciting year that has already witnessed the enactment of several government initiatives that we expect will serve to build international investor confidence. However, a great deal more remains to be done in this connection. Whilst the growth of residential, commercial, retail and leisure over recent years has been supported by underlying positive sentiments in this assets class, a continuation of such strong growth will increasingly hinge on the island's ability to attract more interest from foreigners and Sri Lankans living overseas.

Luxury apartments have continued to mushroom in all parts of Colombo city as well as in the suburbs and have been met with good demand at the upper-mid range levels whilst the alternative business model offered by commercial property development has also lured many investors into this market segment. However, any conversation on this topic invariably ends up with a debate on the prospect of over-supply in the market. The answer to this question can only be found with reference to the anticipated demand, both domestic and international.

Exciting times await with the Port City now getting into gear whilst the governments long-term objectives envisioned in the Megapolis plan has also started to unravel. As such, Sri Lanka remains to be on course for steady growth in all real estate market segments so long as foreign investor interest is converted into actionable outcomes. Far too often we hear of investors who take the first step but then not the second and the third which often results in missed opportunity.

This annual Sri Lanka Market Report 2017, now into the 12th edition, continues to closely monitor the Sri Lankan market by using a wide range of research tools that includes:

  • Primary surveys
  • Database development and data analysis
  • One-on-one in-depth interviews with private sector and government officials
  • Focus Group Discussions
  • Area observation check lists and surveillance (Case studies)
  • Desk research of available secondary data
  • Modelling and forecasting
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1. Sri Lanka
1.1. Country profile
1.2. Key economic indicators
1.3. Human development
1.4. Inclusive development in the south Asian region
1.5. Ease of doing business in Si Lanka
1.6. Foreign direct investments
1.7. Significance of Colombo - the financial capital

2. Luxury and semi-luxury residential apartments
2.1. Overview
2.2. Overview of recent projects in greater Colombo

3. Analysis by price of the residential apartments

4. Analysis by product

5. Analysis by apartment size

6. Sales-wise analysis of apartments

7. Commercial property
7.1 Historical trend
7.2 Supply of commercial space
7.3 Demand and pricing
7.4 Occupancy levels
7.5 Demand drivers
7.6 Outlook and forecast

8. Retail malls
8.1 Recent trend
8.2 Current supply
8.3 Current demand

9. Land prices in Colombo

10. Tourism and Leisure

11. Risk assessment

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Note: Product cover images may vary from those shown