Skyline in Colombo to change rapidly by 2019

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Surging property prices, rising rentals and demand seen growing for corporate space in Colombo and the suburbs were among a host of interesting issues that surfaced at a recent panel discussion on the real estate market. There was general agreement that joint marketing of the property markets through overseas roadshows was necessary to market the new corporate space.

Panellists Sunil Subramaniam, Head – Transactions, JLL Sri Lanka; Roshanie Jayasundera-Moraes, Executive Vice President and Chief Marketing Officer of the JKH Property Group; and Ravi Abeysuriya, Group Director/CEO – Candor Group brought to the table many aspects of the property and rental market at last week’s monthly meeting of the Sunday Times Business Club (STBC). The forum was on “Sri Lanka’s real estate market: Present and future trends” at the Kingsbury Colombo, the club’s host hotel. Mr. Subramaniam, an expatriate property consultant at JLL, said the Indian interest in the Sri Lanka property market as well as the Chinese interest was growing at present.

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