Sri Lanka's real estate sector navigates “transitional period” amidst new supply

Sri Lanka's real estate sector is currently in a pivotal transitional phase, where its strong long-term potential is being tested by the short-term challenge of absorbing a significant new supply of properties, according to the latest annual report from the diversified conglomerate Carson Cumberbatch PLC.

- By NISHEL FERNANDO

The report paints a picture of a sector buoyed by national economic recovery and significant urban development, yet tempered by cautious market activity.

Colombo's urban landscape has undergone a dynamic transformation, with the completion of several landmark developments reshaping the city’s skyline. The annual report highlights considerable progress in key infrastructure projects such as the Port Access Elevated Highway, Central Expressway and regulatory enhancements within the Colombo Port City, all of which signal a long-term vision for Colombo's evolution as a major commercial hub.