Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Condominium sales at the price rage of 25Mn to 50Mn shows surge in 4Q 2023

ConstructionApr 24, 2024
Condominium sales at the price rage of 25Mn to 50Mn shows surge in 4Q 2023

A significant portion of transactions, approximately 68%, were reported in the price category between LKR 25 million to LKR 50 million. Conversely, transactions reported in the price category below LKR 25 million experienced a notable decline during the fourth quarter of 2023.

Despite this trend, there was marginal growth observed in the real estate sector, as indicated by the gross domestic production of the country in the last quarter of 2023. This suggests a mixed performance in the real estate market, with certain price categories seeing robust activity while others experience a slowdown.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.