Research

Colombo Property Market Monitor 4Q20

A comprehensive real estate market update of Colombo City for 4Q20

February 28, 2021

Real Estate market of Colombo remains resilient albeit the challenges of the second wave of COVID-19 during 4Q20. Signs of recovery was noticeable towards the end of 4Q20 with relaxation of lockdown restrictions anticipating the festival season. The Colombo Stock market showcased a stellar quarter, driven by rising investor confidence and the growth of the retail investor base. The ASPI garnered record highs of 10.5% in December YOY, since the lows of May 2020 the growth stood at 59%.The commencement of vaccinations and the opening of foreign tourism into the country further solidifies the positive economic outlook for 2021.

Key highlights:

  • Economic recovery is anticipated in 2021
  • Leasing demand was primarily driven by renewals
  • Recovering demand for residential apartments
  • Retail malls continue to offer rental concessions
  • New developments in the hotel sector

Fill out this form to download report

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

What is the future of capital?