Factors affecting condominium development in Sri Lanka

The contribution of private developers in condominium development in Sri Lanka has increased due to higher demand and increased profit. Condominium development takes place with the intention of disposing apartments in the future. The developer has to make several decisions in advance regarding the future. The degree of uncertainty inherent in future decisions can be mitigated by gathering as much reliable information regarding the variables in the decision environment. The aim of the study was to grasp a sound knowledge about the condominium profile in Sri Lanka with reference to many factors that help property developers’ decision whether or not to invest in a Condominium project The study has analysed the composition, density, selling prices, occupancy rates and general factors affecting the demand and supply of condominiums in Sri Lanka.