Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by the …
Billionaire Kwek Family’s CDL Sells Stake In Singapore’s South Beach To Malaysia’s IOI Properties
Under the deal, IOI Properties will buy CDL’s 50.1% stake in South Beach in a deal valuing the the property at S$2.75 billion ($2.1 billion).
Why Fitch thinks Dubai’s real estate market is ‘close to the peak’ now
Fitch expert says recent increase in Dubai property prices won’t sustain. Redmond Ramsdale sees 15% correction in Dubai’s real esate market.
Belluna Lanka enters new phase with Sri Lanka as strategic anchor
Marking its new chapter as an independent entity, Belluna Lanka is reinforcing its commitment to regional expansion, reaffirming Sri Lanka’s role at the centre of its South Asian vision. A wholly …
House Hunting in Sri Lanka: Open-Air Grandeur With Ocean Views
Courtesy of The New Sri Lankan House “Sri Lanka has a lot of very friendly people who are very hospitable,” said Pranesh Paramanantha, a real estate professional with Sri Lanka Sotheby’s …
Real Estate Gems In Sri Lanka With Steradian Capital
Springer: When you try to assess what should be fair value for Sri Lanka’s real estate in the future, how does Sri Lanka’s real estate values compare to other country’s markets? Jamaldeen …
Sri Lanka imposes 100% land lax when foreigners buy
How difficult is the property purchase process in Sri Lanka? Foreigners can freely buy properties as long as they are willing to pay the Land Tax for foreigners at 100% of the property value. An …
Will changes in Sri Lanka’s property laws open the floodgates to developers?
Today we are selling the same property for about $15,000 per perch.” He adds: “That’s still five times cheaper than a comparable beach site in Bali.” Beach at Weligama on Sri Lanka’s …
Sri Lanka’s real estate bubble likely to explode in five years
A bubble is emerging in Sri Lanka’s over-crowded real estate industry and likely to explode in another five years, a top government official says. Urban Development Authority (UDA) Chairman, Jagath …
Nepal puts 17,000 security personnel on standby for monsoon response
The government is set to mobilize more than 17,000 security personnel for responding to monsoon-related disasters, in addition to the Nepali Army, which is also on standby, officials at the Ministry …