






{"id":7832,"date":"2020-04-23T16:59:03","date_gmt":"2020-04-23T09:59:03","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=7832"},"modified":"2024-09-19T18:56:47","modified_gmt":"2024-09-19T11:56:47","slug":"real-estate-firms-in-sri-lanka-ask-to-resume-operations-as-soon-as-practically-possible","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/real-estate-firms-in-sri-lanka-ask-to-resume-operations-as-soon-as-practically-possible\/","title":{"rendered":"Real estate firms in Sri Lanka ask to resume operations as soon as practically possible"},"content":{"rendered":"<p><span class=\"TextRun SCXW173747756 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW173747756 BCX0\" data-wac-het=\"1\">The association also requested clarification of the control imports proposed, among other <\/span><\/span><span class=\"TextRun SCXW173747756 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW173747756 BCX0\" data-wac-het=\"1\">demands<\/span><\/span><span class=\"EOP SCXW173747756 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<figure id=\"attachment_7833\" aria-describedby=\"caption-attachment-7833\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-7833\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/04\/shutterstock_1464068951.jpg\" alt=\"\" width=\"1000\" height=\"556\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/04\/shutterstock_1464068951.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/04\/shutterstock_1464068951-300x167.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/04\/shutterstock_1464068951-768x427.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-7833\" class=\"wp-caption-text\">Aerial view of Colombo Port City. ShobiyaClinton\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">T<\/span><span data-contrast=\"auto\">he\u00a0<\/span><span data-contrast=\"auto\">Condominium<\/span><span data-contrast=\"auto\">\u00a0Developers Association of Sri Lanka (CDASL)\u00a0<\/span><span data-contrast=\"auto\">has\u00a0<\/span><span data-contrast=\"auto\">requested\u00a0<\/span><span data-contrast=\"auto\">President Gotabaya Rajapaksa t<\/span><span data-contrast=\"auto\">o allow their firms to\u00a0<\/span><span data-contrast=\"auto\">resume operations<\/span><span data-contrast=\"auto\"> of construction projects as soon as possible<\/span><span data-contrast=\"auto\">, which\u00a0<\/span><span data-contrast=\"auto\">have been\u00a0<\/span><span data-contrast=\"auto\">ordered\u00a0<\/span><span data-contrast=\"auto\">to close\u00a0<\/span><span data-contrast=\"auto\">to help curb the virus<\/span><span data-contrast=\"auto\">, reported\u00a0<\/span><a href=\"https:\/\/economynext.com\/sri-lanka-property-developers-seek-to-re-start-work-clarity-on-import-controls-66794\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">EconomyNext<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The association have also\u00a0<\/span><span data-contrast=\"auto\">asked for<\/span><span data-contrast=\"auto\"> development firms to be eligible for credit relief, as well as to<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">clarify\u00a0<\/span><span data-contrast=\"auto\">the import controls that were proposed<\/span><span data-contrast=\"auto\">\u00a0since the central bank\u00a0<\/span><span data-contrast=\"auto\">introduced liquidity measures to de-stabilise the local currency.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThere is some ambiguity on imports of building materials and equipment since the authorities have made statements regarding imports being restricted to essential items only.\u00a0A clarification on this would be helpful to avoid further disruption in project supply chains,\u201d said CDASL.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">According to the country\u2019s politicians, all imports will be banned, except for fuel and medicine. They have also advised the public to grow horse gram or <\/span><span data-contrast=\"auto\">kollu, grains and vegetables since there are shortages in generated forex and printed money.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/rajapaksa-family-returns-to-power-sri-lanka-real-estate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Sri Lankan real estate industry welcomes Rajapaksa family\u2019s return to power<\/strong><\/a><\/p>\n<p><span data-contrast=\"auto\">The association has also<\/span><span data-contrast=\"auto\"> sought assistance for para tariffs on imported inputs and to alleviate cash flow pressures on contractors and developers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Moreover, they suggested allowing <\/span><span data-contrast=\"auto\">foreigners based in the country to purchase apartments using their domestic revenues<\/span><span data-contrast=\"auto\"> without needing to send their money from overseas, otherwise <\/span><span data-contrast=\"auto\">enable them to<\/span><span data-contrast=\"auto\">\u00a0get a port<\/span><span data-contrast=\"auto\">ion of their f<\/span><span data-contrast=\"auto\">unds from local banks.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Prime Group, our Best Luxury Condo Development (Colombo) winner at<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">the<\/span><span data-contrast=\"auto\">\u00a0<\/span><a href=\"https:\/\/www.asiapropertyawards.com\/en\/award\/srilanka\/archive2019\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">3rd Asia Property Awards (Sri Lanka)<\/span><\/a><span data-contrast=\"auto\">, wh<\/span><span data-contrast=\"auto\">ich\u00a0<\/span><span data-contrast=\"auto\">also won three other trophies including the highest accolade of the night, will be among the projects that will benefit from these demands<\/span><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">Know<\/span><\/i><i><span data-contrast=\"auto\">\u00a0of any award-worthy homes, condos, flats, or other real estate projects in\u00a0<\/span><\/i><i><span data-contrast=\"auto\">Sri Lanka<\/span><\/i><i><span data-contrast=\"auto\">? Nominate them for the\u00a0<\/span><\/i><i><span data-contrast=\"auto\">4<\/span><\/i><i><span data-contrast=\"auto\">th\u00a0<\/span><\/i><i><span data-contrast=\"auto\">Asia<\/span><\/i><i><span data-contrast=\"auto\">\u00a0Property Awards<\/span><\/i><i><span data-contrast=\"auto\">\u00a0(Sri Lanka)<\/span><\/i><i><span data-contrast=\"auto\">.<\/span><\/i><i><span data-contrast=\"auto\">\u00a0Simply visit\u00a0<\/span><\/i><a href=\"https:\/\/www.asiapropertyawards.com\/en\/award\/asia-property-awards-sri-lanka\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-contrast=\"none\">asiapropertyawards.com\/en\/award\/asia-property-awards-sri-lanka\/<\/span><\/a><i><span data-contrast=\"auto\">\u00a0<\/span><\/i><i><span data-contrast=\"auto\">for more details.<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\" data-wac-het=\"1\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The association also requested clarification of the control imports proposed, among other demands\u00a0<\/p>\n","protected":false},"author":9,"featured_media":20544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[101,92],"tags":[750,638,120],"class_list":["post-7832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-property-awards","category-news","tag-covid-19","tag-real-estate","tag-sri-lanka","news_country-sri-lanka","news_author-gynen-kyra-toriano"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate firms in Sri Lanka ask to resume operations as soon as practically possible | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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