TY - JOUR
T1 - Factors affecting condominium development in Sri Lanka
AU - Senaratne, Sepani
AU - Zainudeen, Nisa
AU - Weddikkara, Chitra
PY - 2006
Y1 - 2006
N2 - 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.
AB - 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.
UR - http://handle.uws.edu.au:8081/1959.7/527941
UR - http://www.sljol.info/index.php/BESL/article/view/1948/1612
U2 - 10.4038/besl.v7i1.1949
DO - 10.4038/besl.v7i1.1949
M3 - Article
SN - 1391-5983
VL - 7
SP - 23
EP - 28
JO - Built Environment Sri Lanka
JF - Built Environment Sri Lanka
IS - 1
ER -