{"id":358,"date":"2017-08-21T17:35:14","date_gmt":"2017-08-21T12:05:14","guid":{"rendered":"https:\/\/www.lankapropertyweb.com\/property-news\/?p=358"},"modified":"2019-11-08T14:09:12","modified_gmt":"2019-11-08T08:39:12","slug":"sri-lanka-asias-next-property-hotspot","status":"publish","type":"post","link":"https:\/\/www.lankapropertyweb.com\/property-news\/sri-lanka-asias-next-property-hotspot\/","title":{"rendered":"Sri Lanka \u2013 Asia\u2019s Next Property Hotspot?"},"content":{"rendered":"\n<p><em>With <strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.lankapropertyweb.com\/land\/index.php\" target=\"_blank\">land<\/a><\/strong> and <strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.lankapropertyweb.com\/forsale-all-House.html\" target=\"_blank\">house<\/a><\/strong> prices seeing unprecedented appreciation in 2017 alone, Sri Lanka has emerged as Asia\u2019s new destination for attractive real estate returns with its prime <strong><a href=\"https:\/\/www.lankapropertyweb.com\/land\/sale-all-Beachfront+land.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">beachfront land<\/a><\/strong>, seaside condos, high-end luxury serviced apartments and more.<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"text-decoration: underline;\"><strong>From Holiday Destination to Property Hotspot Location<\/strong><\/span><\/h4>\n\n\n\n<div class=\"wp-block-image wp-image-359\"><figure class=\"alignright\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-300x200.jpg\" alt=\"\" class=\"wp-image-359\"\/><figcaption>Galle Face<\/figcaption><\/figure><\/div>\n\n\n\n<p>Given the uncertainty of Brexit and other global developments coupled with a slowdown in traditional property markets i.e. Malaysia, Singapore and China, the Indian Ocean island paradise of Sri Lanka has become the new&nbsp;\u201csexy\u201d destination for property investors. Over the years, Sri Lanka has established a track record for handsome returns and high rental yields while providing investors the best of price, location and property choices.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"text-decoration: underline;\"><strong>Real Estate \u2013 Really Good Returns<\/strong><\/span><\/h4>\n\n\n\n<p><strong><a href=\"https:\/\/www.lankapropertyweb.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Real estate<\/a><\/strong> has proven over time to be a sound asset class for capital preservation and wealth creation. Its tangible, physical nature gives investors a solid assurance over paper assets while rental allow for passive income. Financing can be secured to facilitate ownership. Land can be developed while refurbishments to completed homes will yield better capital returns ranging 20%-200%.<\/p>\n\n\n\n<p>In Sri Lanka, real estate has far outperformed any other asset class since 2014..<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"226\" src=\"https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/2-300x226.png\" alt=\"\" class=\"wp-image-360\"\/><\/figure><\/div>\n\n\n\n<p><em>Source: Candor Group<\/em><\/p>\n\n\n\n<p><em>According to research by Candor Group, properties in Sri Lanka, (specifically in the Colombo city area) have yielded better returns than any other investment class.<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><u>Right Place, Right Time \u2013 At the Epicentre of Dynamic Growth <\/u><\/strong><\/h4>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/3-300x169.jpg\" alt=\"\" class=\"wp-image-361\"\/><\/figure><\/div>\n\n\n\n<p>The end of the civil war in 2009 marked a \u201crenaissance\u201d for the island. Supported by massive rebuilding, surging tourism and increased foreign investor confidence, according to the World Bank, Sri Lanka\u2019s growth is set to accelerate to 5.1% by 2019. GDP per capita rose from US$2,819 to US$3,835 \u2013 by 36% from 2010-2016. Based on this trend, the World Bank could soon classify Sri Lanka as an \u201cupper middle-income country\u201d on par with Malaysia, Thailand, Maldives and Brazil. Mega infrastructure projects are also having a multiplier effect on local real estate values. These include the Hambantota Port, the <strong><a href=\"https:\/\/www.lankapropertyweb.com\/area\/colombo\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Colombo<\/a><\/strong> Southport construction as well as works for an additional terminal at Bandaranaike International Airport. The latter will see passenger capacity expand 150% to 15 million from its current six million.<\/p>\n\n\n\n<p>The US$3 billion Northern Expressway and other road projects will open up new opportunities while enhancing connectivity and accessibility nationwide.<\/p>\n\n\n\n<p>Source: Colombo Port City<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><u>\u2018Investment Opportunities Abound In 20-30 Year Growth Market\u201d<\/u><\/strong><\/h4>\n\n\n\n<p>An indication of the sterling growth is evident in the rise of property values in recent years. Leading property website <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.lankapropertyweb.com\/\" target=\"_blank\">LankaPropertyWeb.com<\/a>\u2019s House Price Index shows that <a href=\"https:\/\/www.lankapropertyweb.com\/sale\/index.php?searchbox=Colombo+city&amp;location=Colombo+All_0%23%23&amp;max=&amp;search_area=&amp;type=Apartment&amp;BR=3&amp;min=&amp;posted_date=&amp;search=1&amp;srch_words=\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">average apartment prices in Colombo (for a 3-bed)<\/a> have appreciated 6.2% in 2017 and land prices even higher based on asking price values. An apartment will see rental yields of 6-8% typically.<\/p>\n\n\n\n<p>In comparison to real estate, other investment options have been slow or unexciting.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><u>Leverage on Local Knowledge &amp; Insight to Start Investing Successfully<\/u><\/strong><\/h4>\n\n\n\n<p>Rather than go it alone, get the best of local knowledge and insight to reap profitable rewards from Sri Lanka\u2019s property boom (and other investment options) at the \u2018Investor Forum Sri Lanka\u2019 on 30<sup>th<\/sup> August held at Kingsbury Hotel.<\/p>\n\n\n\n<p>Listen to Candor\u2019s Ravi Abeysuriya, JLL\u2019s Sunil Subramanian and Liang Thow Ming, CSMO of CHEC Port City and other experts share on the best investment options available at the moment. Organised by LankaPropertyWeb.com and <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"http:\/\/www.rbrealtors.net\/home.php\" target=\"_blank\">RB Realtors &amp; Consultants<\/a>. For more information, please visit <a href=\"http:\/\/www.LankaPropertyWeb.com\/events\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">www.LankaPropertyWeb.com\/events<\/a>.<\/p>\n\n\n\n<p>Have you checked out our new site <strong><a href=\"https:\/\/house.lk\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">house.lk<\/a><\/strong>?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With land and house prices seeing unprecedented appreciation in 2017 alone, Sri Lanka has emerged as Asia\u2019s new destination for attractive real estate returns with its prime beachfront land, seaside condos, high-end luxury serviced apartments and more. From Holiday Destination to Property Hotspot Location Given the uncertainty of Brexit and other global developments coupled with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[49,50,39,26],"class_list":["post-358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news","tag-colombo","tag-galle-face","tag-property","tag-real-estate"],"rttpg_featured_image_url":{"full":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1.jpg",1379,920,false],"landscape":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1.jpg",1379,920,false],"portraits":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1.jpg",1379,920,false],"thumbnail":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-150x150.jpg",150,150,true],"medium":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-300x200.jpg",300,200,true],"large":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-1536x1536.jpg",1536,1536,true],"2048x2048":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-2048x2048.jpg",2048,2048,true],"image-size-150x150":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-150x150.jpg",150,150,true],"image-size-550x550":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-550x550.jpg",550,550,true],"image-size-550x550-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-1100x1100.jpg",1100,1100,true],"photo-album-thumbnail-small":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-150x100.jpg",150,100,true],"photo-album-thumbnail-square":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-500x500.jpg",500,500,true],"employees-large":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-500x500.jpg",500,500,true],"employees-small":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-225x225.jpg",225,225,true],"blog-magazine-thumbnail":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-200x200.jpg",200,200,true],"blog-magazine-thumbnail-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-400x400.jpg",400,400,true],"woocommerce-recent-carousel":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-330x260.jpg",330,260,true],"blog-carousel":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-245x180.jpg",245,180,true],"blog-carousel-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-490x360.jpg",490,360,true],"blog-showcase":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-260x180.jpg",260,180,true],"blog-showcase-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-520x360.jpg",520,360,true],"portfolio-x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-300x300.jpg",300,300,true],"portfolio-two_x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-600x300.jpg",600,300,true],"portfolio-four_x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-1200x300.jpg",1200,300,true],"portfolio-x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-300x600.jpg",300,600,true],"portfolio-two_x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-600x600.jpg",600,600,true],"portfolio-three_x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-900x600.jpg",900,600,true],"portfolio-three_x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-900x300.jpg",900,300,true],"portfolio-four_x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-1200x600.jpg",1200,600,true],"portfolio-x_x-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-600x600.jpg",600,600,true],"portfolio-two_x_x-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-1200x600.jpg",1200,600,true],"portfolio-four_x_x-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-2400x600.jpg",2400,600,true],"portfolio-x_two_x-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/08\/1-600x1200.jpg",600,1200,true],"portfolio-two_x_two_x-@2x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href=\"https:\/\/www.lankapropertyweb.com\/property-news\/category\/property-news\/\" rel=\"category tag\">Property News<\/a>","rttpg_excerpt":"With land and house prices seeing unprecedented appreciation in 2017 alone, Sri Lanka has emerged as Asia\u2019s new destination for attractive real estate returns with its prime beachfront land, seaside condos, high-end luxury serviced apartments and more. From Holiday Destination to Property Hotspot Location Given the uncertainty of Brexit and other global developments coupled with&hellip;","_links":{"self":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts\/358"}],"collection":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/comments?post=358"}],"version-history":[{"count":8,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts\/358\/revisions"}],"predecessor-version":[{"id":2039,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts\/358\/revisions\/2039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/media\/359"}],"wp:attachment":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/media?parent=358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/categories?post=358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/tags?post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}