Challenges faced by SL’s real estate market; A direct reflection of the economy

S. Thumilan, chairman of Blue Ocean Group of Companies

Real estate is one of the Sri Lanka’s major revenue-generating sources. The country’s post-war impressive growth has led this sector to have an increased demand for residential property from the high and middle-income sectors.

The size and scale of the real estate market have always been an attractive and lucrative sector for many investors.

However, times have changed expressively in Sri Lanka that the norm of real estate being a great investment with better returns remains ambiguous with plenty of challenges keeping the real estate industry from achieving its true potential.

A conversation with S. Thumilan, Chairman of Blue Ocean Group of Companies reveals that the internal and external factors faced by Sri Lanka’s real estate developers are quite discouraging yet are also preventable in the long term.

Continue reading at Lanka Business Online:


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