{"id":948,"date":"2025-01-19T08:12:52","date_gmt":"2025-01-19T02:42:52","guid":{"rendered":"https:\/\/prathap.lk\/?post_type=portfolio&#038;p=948"},"modified":"2025-01-19T08:16:58","modified_gmt":"2025-01-19T02:46:58","slug":"reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality","status":"publish","type":"portfolio","link":"https:\/\/prathap.lk\/index.php\/portfolio-item\/reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality\/","title":{"rendered":"Review of Price Formation of Land and Landed Properties in Colombo: Is it a Myth or Reality?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"948\" class=\"elementor elementor-948\">\n\t\t\t\t<div class=\"elementor-element elementor-element-38aae8f7 e-flex e-con-boxed e-con e-parent\" data-id=\"38aae8f7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8869f49 e-con-full e-flex e-con e-child\" data-id=\"8869f49\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ce1ab7d elementor-widget elementor-widget-heading\" data-id=\"4ce1ab7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Authors:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1131dbd elementor-widget elementor-widget-author-box\" data-id=\"1131dbd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16607eee elementor-widget elementor-widget-author-box\" data-id=\"16607eee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bbf5d07 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"6bbf5d07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.researchgate.net\/profile\/Ranthilaka-Ariyawansa\/publication\/311665669_Review_of_Price_Formation_of_Land_and_Landed_Properties_in_Colombo_Is_it_a_Myth_or_Reality\/links\/5852d1eb08aef7d030a517fd\/Review-of-Price-Formation-of-Land-and-Landed-Properties-in-Colombo-Is-it-a-Myth-or-Reality.pdf?_tp=eyJjb250ZXh0Ijp7ImZpcnN0UGFnZSI6InB1YmxpY2F0aW9uIiwicGFnZSI6InB1YmxpY2F0aW9uIn19\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-download\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M216 0h80c13.3 0 24 10.7 24 24v168h87.7c17.8 0 26.7 21.5 14.1 34.1L269.7 378.3c-7.5 7.5-19.8 7.5-27.3 0L90.1 226.1c-12.6-12.6-3.7-34.1 14.1-34.1H192V24c0-13.3 10.7-24 24-24zm296 376v112c0 13.3-10.7 24-24 24H24c-13.3 0-24-10.7-24-24V376c0-13.3 10.7-24 24-24h146.7l49 49c20.1 20.1 52.5 20.1 72.6 0l49-49H488c13.3 0 24 10.7 24 24zm-124 88c0-11-9-20-20-20s-20 9-20 20 9 20 20 20 20-9 20-20zm64 0c0-11-9-20-20-20s-20 9-20 20 9 20 20 20 20-9 20-20z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-359deec elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"359deec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.researchgate.net\/publication\/311665669_Review_of_Price_Formation_of_Land_and_Landed_Properties_in_Colombo_Is_it_a_Myth_or_Reality\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-bookmark\" viewBox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M336 0H48C21.49 0 0 21.49 0 48v464l192-112 192 112V48c0-26.51-21.49-48-48-48zm0 428.43l-144-84-144 84V54a6 6 0 0 1 6-6h276c3.314 0 6 2.683 6 5.996V428.43z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">References <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6f96eb8d e-con-full e-flex e-con e-child\" data-id=\"6f96eb8d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-716b3bcf elementor-widget elementor-widget-heading\" data-id=\"716b3bcf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Abstract<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7000c5a9 elementor-widget elementor-widget-text-editor\" data-id=\"7000c5a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"nova-legacy-e-text nova-legacy-e-text--size-m nova-legacy-e-text--family-sans-serif nova-legacy-e-text--spacing-none nova-legacy-e-text--color-grey-800 research-detail-middle-section__abstract\">Land and landed properties are fundamental ingredients for the socioeconomic development of a country. In any development project, land and buildings are essentially a part of it as either among its inputs or in the process or among the outputs of the project. On the other hand, land is an inevitable investment or\/and consumption purchase of all individuals, families, organizations and nations. Hence, in a market economy, land and property market is supposed to play a live and a vibrant role instead to be a silent or unreliable sector. However, research on land and property markets in various context raises debatable questions over some concepts associated with land and property markets such as &#8221; informality of markets &#8221; , &#8221; immaturity of markets &#8221; , &#8221; land as dead capital &#8221; , property crimes &#8221; , &#8221; lack of property democracy &#8221; , &#8221; unaffordable land and property prices &#8221; , &#8221; lack of professional engagement &#8221; etc. Even though there are several debatable problems in global land markets, it is clear that all such problems are interrelated and collectively influence the price formation resulting unprofessionally decided property prices in the market disrupting all the socioeconomic goals of such nations. Most of developing cities, including the city of Colombo, with poorly organized land and property markets have been facing this problem as a vicious cycle. Hence, the aim of this paper is to analyze the role of the property markets in general and issue in connections with the price formation of land and landed properties in Colombo in particular. This theoretical discussion is underpinned with some practical cases and life experience of authors. At the end, some recommendations are presented for a moderate situation against the problem.<\/div><div id=\"figures\" class=\"js-target-figures\"><div class=\"nova-legacy-o-grid nova-legacy-o-grid--gutter-none nova-legacy-o-grid--order-normal nova-legacy-o-grid--horizontal-align-left nova-legacy-o-grid--vertical-align-top\"><div class=\"nova-legacy-o-grid__column nova-legacy-o-grid__column--width-12\/12@s-up\"><div class=\"nova-legacy-c-image-strip\"><div class=\"nova-legacy-c-image-strip__container\"><div class=\"publication-figures-image-strip-caption__container\"><div class=\"nova-legacy-o-stack nova-legacy-o-stack--gutter-m nova-legacy-o-stack--spacing-none nova-legacy-o-stack--no-gutter-outside\"><div class=\"nova-legacy-o-stack__item\"><div class=\"nova-legacy-c-image-strip__item\">\u00a0<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2bddbe24 e-flex e-con-boxed e-con e-parent\" data-id=\"2bddbe24\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b17163e elementor-widget elementor-widget-heading\" data-id=\"b17163e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Other Publications<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2465f8fb elementor-widget elementor-widget-mfn_portfolio\" data-id=\"2465f8fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"mfn_portfolio.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"column_filters\"><div class=\"portfolio_wrapper isotope_wrapper \"><ul class=\"portfolio_group lm_wrapper isotope col-3 masonry-hover\"><li class=\"portfolio-item isotope-item category-case-studies  has-thumbnail\"><div class=\"masonry-hover-wrapper\"><div class=\"hover-desc bg-light\" style=\"\"><div class=\"desc-inner\"><h5 class=\"entry-title \" itemprop=\"headline\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/a-critical-analysis-of-land-tenure-and-property-value\/\">A critical analysis of land tenure and property value<\/a><\/h5><div class=\"desc-wrapper\">Authors: Download References Abstract This report refers to a valuation carried out in 2008 for a hotel located in the suburbs of Colombo intended for sale.<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/div><\/div><div class=\"links-wrapper clearfix\"><a class=\"zoom\" href=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14.jpg\" rel=\"prettyphoto\"><i class=\"icon-search\" aria-label=\"zoom image\"><\/i><\/a><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/a-critical-analysis-of-land-tenure-and-property-value\/\"><i class=\"icon-link\" aria-label=\"go to link\"><\/i><\/a><\/div><\/div><div class=\"image-wrapper scale-with-grid\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/a-critical-analysis-of-land-tenure-and-property-value\/\"><img fetchpriority=\"high\" decoding=\"async\" width=\"512\" height=\"800\" src=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14.jpg\" class=\"scale-with-grid wp-post-image\" alt=\"\" itemprop=\"image\" srcset=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14.jpg 512w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-320x500.jpg 320w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-192x300.jpg 192w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-48x75.jpg 48w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/14-480x750.jpg 480w\" sizes=\"(max-width:767px) 480px, 512px\" \/><\/a><\/div><\/div><\/li><li class=\"portfolio-item isotope-item category-case-studies  has-thumbnail\"><div class=\"masonry-hover-wrapper\"><div class=\"hover-desc bg-light\" style=\"\"><div class=\"desc-inner\"><h5 class=\"entry-title \" itemprop=\"headline\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/rising-above-the-tsunami-waves\/\">Rising Above the Tsunami Waves<\/a><\/h5><div class=\"desc-wrapper\">Authors: Information Rising Above the Tsunami Waves , Co-Author, Case studies of PTCRReMP\u2019s Interventions, Post-tsunami Coastal Rehabilitation and Resource Management Programme by IFAD, 2013, Sri Lanka,<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/div><\/div><div class=\"links-wrapper clearfix\"><a class=\"zoom\" href=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13.jpg\" rel=\"prettyphoto\"><i class=\"icon-search\" aria-label=\"zoom image\"><\/i><\/a><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/rising-above-the-tsunami-waves\/\"><i class=\"icon-link\" aria-label=\"go to link\"><\/i><\/a><\/div><\/div><div class=\"image-wrapper scale-with-grid\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/rising-above-the-tsunami-waves\/\"><img decoding=\"async\" width=\"512\" height=\"800\" src=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13.jpg\" class=\"scale-with-grid wp-post-image\" alt=\"\" itemprop=\"image\" srcset=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13.jpg 512w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-320x500.jpg 320w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-192x300.jpg 192w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-48x75.jpg 48w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/13-480x750.jpg 480w\" sizes=\"(max-width:767px) 480px, 512px\" \/><\/a><\/div><\/div><\/li><li class=\"portfolio-item isotope-item category-papers  has-thumbnail\"><div class=\"masonry-hover-wrapper\"><div class=\"hover-desc bg-light\" style=\"\"><div class=\"desc-inner\"><h5 class=\"entry-title \" itemprop=\"headline\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality\/\">Review of Price Formation of Land and Landed Properties in Colombo: Is it a Myth or Reality?<\/a><\/h5><div class=\"desc-wrapper\">Authors: Download References Abstract Land and landed properties are fundamental ingredients for the socioeconomic development of a country. In any development project, land and buildings are<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/div><\/div><div class=\"links-wrapper clearfix\"><a class=\"zoom\" href=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12.jpg\" rel=\"prettyphoto\"><i class=\"icon-search\" aria-label=\"zoom image\"><\/i><\/a><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality\/\"><i class=\"icon-link\" aria-label=\"go to link\"><\/i><\/a><\/div><\/div><div class=\"image-wrapper scale-with-grid\"><a class=\"link\" href=\"https:\/\/prathap.lk\/index.php\/portfolio-item\/reviewofpriceformationoflandandlandedpropertiesincolomboisitamythorreality\/\"><img decoding=\"async\" width=\"512\" height=\"800\" src=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12.jpg\" class=\"scale-with-grid wp-post-image\" alt=\"\" itemprop=\"image\" srcset=\"https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12.jpg 512w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-320x500.jpg 320w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-192x300.jpg 192w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-48x75.jpg 48w, https:\/\/prathap.lk\/wp-content\/uploads\/2025\/01\/12-480x750.jpg 480w\" sizes=\"(max-width:767px) 480px, 512px\" \/><\/a><\/div><\/div><\/li><\/ul><div class=\"column one pager_wrapper pager_lm\"><a rel=\"next\" class=\"pager_load_more button has-icon\" href=\"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio\/948\/page\/2\/\"><span class=\"button_icon\"><i class=\"icon-layout\" aria-hidden=\"true\"><\/i><\/span><span class=\"button_label\">Load more<\/span><\/a><\/div><\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Authors: Download References Abstract Land and landed properties are fundamental ingredients for the socioeconomic development of a country. In any development project, land and buildings are<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":949,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"portfolio-types":[22],"class_list":["post-948","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio-types-papers"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio\/948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio"}],"about":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/types\/portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/comments?post=948"}],"version-history":[{"count":0,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio\/948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/media\/949"}],"wp:attachment":[{"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/media?parent=948"}],"wp:term":[{"taxonomy":"portfolio-types","embeddable":true,"href":"https:\/\/prathap.lk\/index.php\/wp-json\/wp\/v2\/portfolio-types?post=948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}