Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Monday, 5 October 2015
Sri Lanka to see oversupply in the luxury property market
Supply is set to overtake demand at the high end of Sri Lanka’s residential property market, with a series of large-scale projects under way in and around Colombo.
The supply of luxury apartments in the commercial capital could reach 6000 units by 2018-19, according to a recent report by the Research Intelligence Unit (RIU), up from 783 in 2009 and 2657 this year.