SriLanka, Sept. 9 -- There is a great deal of excitement about the expansion of luxury real estate in Sri Lanka, especially with the grand openings of luxury apartment complex projects by two leading real estate companies in Sri Lanka. The key promise of these apartment projects is a substantial appreciation in value. The premise is simple: you invest in a luxury apartment today, and you can double your money in four years. This is an appealing pitch, and a substantially higher return than investing in a business or in low-risk government securities.

Central Bank's latest condominium market survey for the first quarter of 2026 shows that, more than 20% of condominiums are purchased for investment purposes. High-end and luxury apartments ...