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Message: <blockquote data-quote="arunat" data-source="post: 24294427" data-attributes="member: 253101"><p>Take a drive around Colombo and see how many new apartments are being built. When all these are complete who is going to live in them? Where are they going to find so many families who are able to pay that kind of rent? I am also thinking of buying an apartment in Colombo. I had a look at the display apartment of the twin peaks next to JAIC Hilton. They want US$480,000.00 for a small two bedroom unit. That is more than Rs 80M. If you buy it as an investment you need to get a rent of at least Rs 8M per year or 650,000 PM. Who can afford to pay that kind of rent? I have decided to wait till all these apartments are built before buying anything. That is my 2 cents worth, but you have to decide what is best for you.</p></blockquote><p></p>

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