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Sri Lanka debuts within the biennial JLL Global Transparency Index 2016 on the back of strong economic reforms

~ Growing Services sector, upcoming Infrastructure Investments and increased global investor interest slots the country favourably against others to move up the transparency rankings over next few years. JLL’s Global Real Estate Transparency Index (GRETI) 2016 is out and Sri Lanka has made its debut in this highly-credible and well-known index. Compared to similar market…

(0)Comments | July 13, 2016 8:29 pm

June tourist arrivals on the up: 16.2% growth during first six months of 2016

Tourist arrivals into Sri Lanka 964,267 during the first six months of 2016, which is a growth of 16.2 per cent when compared against the same period of last year, reveal latest statistics. Sri Lanka Tourism Development Authority recently released its latest data according to which 118,038 tourists have arrived in Sri Lanka during June…

(0)Comments | July 5, 2016 11:55 am

The Rise of Apartments in Colombo

Apartments have gained a high demand and are known to be one of the fast selling types of Real Estate. Notable projects have been carried out by various developers which have earned them a high rank in the real estate market. Lamudi explores how the rise of apartments have made an impact on the real…

(0)Comments | March 27, 2016 10:07 pm

Real Estate Growth In Colombo

Lamudi Sri Lanka explores how the real estate market in Colombo has changed When it comes to searching for real estate, Colombo is the most popular area in Sri Lanka for property-seekers. According to Lamudi Sri Lanka, more than 70 percent of website searches are for property in the country’s commercial capital. Property demand in…

(0)Comments | February 18, 2016 1:27 pm

Scarcity of multi-tenanted Grade A office buildings in Colombo

Ms. Gagan Singh, Chairperson – Jones Lang LaSalle Sri Lanka In office real estate, vacancy levels in prime commercial areas play a vital role in deciding who shall have the better bargaining power while executing the transactions. Minimal vacancy levels in commercial pockets give developers an edge while negotiating. Office occupiers always find it tough…

(0)Comments | February 14, 2016 6:54 pm

More women executives mean more profits: study

Companies with 30 per cent female executives rake in as much as six percentage points more in profits, according to a study, feeding into a global debate over the scarcity of women in decision-making business roles. The conclusion stems from a study of about 22,000 publicly-traded companies in 91 countries ranging from Mexico to Norway…

(0)Comments | February 11, 2016 9:18 am

How is sustainable development significant to Sri Lanka?

New research reveals 79 percent of real estate agents surveyed in Sri Lanka believe interest in green buildings increased between 2014 and 2015. This is according to the recently-released Lamudi Real Estate Market Report, which shares insight into sustainability in Sri Lanka. One survey conducted by Lamudi Sri Lanka showed over 64 percent of respondents…

(0)Comments | February 3, 2016 11:54 am

Sri Lankans Forecast Positive Growth Of Local Real Estate Market

Global property portal releases new research on local property industry A new survey has revealed 41 percent of Sri Lankans believe demand for houses will increase in the next 12 months. According to a newly-released report from Lamudi Sri Lanka, over 50 percent of respondents expect demand for both affordable and luxury apartments to grow…

(0)Comments | January 26, 2016 1:55 pm

Maruti registrations skids by 31% in Sri Lanka

Registrations of Maruti model motorcars have reportedly dropped by 31 per cent in Sri Lanka during December 2015. While 5,631 Maruti motorcars had been registered in Sri Lanka during November 2015, this number has dropped to 3,882 in December. The highest number of Maruti registration has been during the month of September in 2015 with…

(0)Comments | January 25, 2016 1:39 pm

Sri Lankan Seafarers – the opportune moment

Professor (Capt.) Nalaka Jayakody continuous to urge authorities, government and the people of Sri Lanka to tap into the enormous opportunities of seafaring by investing, collaborating and promoting the profession both locally and globally. With the country being strategically positioned and blessed in abundance of resources with access to affordable first-class maritime training, Sri Lanka…

(0)Comments | January 20, 2016 2:51 pm