Sunday, 15 July 2012

Colombo suburb land price trends positive : RIU study

Suburbs of Sri Lanka’s business capital Colombo are experiencing positive trends in terms of land prices, according to the second in a series of research reports published by the local office of KPMG in association with Research Intelligence Unit (RIU).The report, entitled “Changing cityscape: Real estate market brief; Issue II – 2012″, revealed that the 14-year average land price in Mount Lavinia was Rs. 629,074 per perch. And that the average land price per perch was Rs. 1.392 million over the last 12 months. However, the report also noted that there was significant variation between different areas of the municipality, while also indicating that land prices in the area had recorded a high of Rs. 3 million per perch.


(Source: Sunday Times)

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