Low Value

May 2 (LBO) — A lower than expected valuation of prime commercial property belonging to Sathosa may delay its sale to a state bank, a top official said.The chief government valuer has assessed the 225 perches property at Union Place at a much lower price than originally expected by the trade ministry, an official said. […]

Government abandons plan to sell Union Place land through open auction

Mar. 16 (LBO) — The trade ministry had abandoned an earlier plan to sell a prime commercial property in Colombo belonging to a state trading agency by open auction, and instead decided to transfer the land to a government bank, an official said.Trade Ministry Secretary R M K Ratnayake says the Union Place land belonging […]

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