No outright sale of land to foreigners

21 February 2013 10:21 am - 24 - {{hitsCtrl.values.hits}}

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Cabinet has decided to prohibit the outright transfer of property to foreigners, taking into consideration the increasing demand for foreign investment with the expansion of developmental activities by the Government.

Cabinet approval was granted to make regulations under the State Land Ordinance and to introduce amendments to the Notaries Ordinance and Registration of Documents Ordinance for the implementation of regulations pertaining to state and private lands in the country.

The new regulations will prohibit foreigners from obtaining absolute ownership of state or private lands in Sri Lanka. But the leasing of such lands on a long term lease basis would be permitted.

The prohibition will not apply to the purchasing of lands for foreign embassies and high commissions based in Sri Lanka. The Cabinet memo had been jointly presented by Ministers John Seneviratne and Janaka Bandara Tennakone.

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Comments - 24

Ramzeel Thursday, 21 February 2013 11:05 AM

Its like closing the stable after the horses have bolted because all the prime lands in Colombo have already been sold or leased..

Silva de Mervin Friday, 22 February 2013 12:53 PM

Has Gota allowed this as he is a US citizen?

ravivararo Friday, 22 February 2013 12:06 PM

can that Australia hospital management buy any land for his well treatment.

Johann Gunasekara Friday, 22 February 2013 07:52 AM

Good decision, there should also be cap on the area of land that can be sold without being reviewed by national security, as foreigners can buy land in the names of locals, who can't demonstrate how they got the finances.

Lucky Weeramantry Friday, 22 February 2013 12:54 AM

Only The Wastelands Are Left Now.

lin USA Friday, 22 February 2013 12:00 AM

Hehehe..... donot know what Hehi is talking of. you sri Lankan lands being sold already and the dam politico have theri share to buy land in abroad. come back to reality sir. via DM Android App

mack Thursday, 21 February 2013 12:00 AM

how much land SL politicians own and bought in Europe,Australia and America's??? what's wrong if foreigners buy land here?? via DM Android App

Sim Thursday, 21 February 2013 11:40 AM

Is the government going to take back the lands given on lease?

Lal Thursday, 21 February 2013 11:28 AM

I do not know from which mouth this man speaks... Many precious lands have already sold to Chinese and Indians

BADA-YATA-GEMMBA Thursday, 21 February 2013 11:28 AM

FUTURE INVESTMENTS FROM EXPATS/FOREINERS?????
ARN,TTHEY TALKING TROUGH THIER BACSIDE??

R.Dias Thursday, 21 February 2013 11:15 AM

keheliya is speaking the truth...hi...hi..hiii

DeSelva Thursday, 21 February 2013 11:06 AM

Except the Chinese....the Whole country is being sold to the Chinese for a song

HK Thursday, 21 February 2013 10:28 AM

Already sold now nothing left.. Right time right decided !

Andrew Pitugala Thursday, 21 February 2013 11:02 AM

Well! well! well! All the prime lands have been already disposed of !!!!! Cannot handle any more commissions !!!!

Rata Haraka Thursday, 21 February 2013 10:58 AM

This is like a tennis match. Can't sell to foreigners, can sell to foreigners. Can't sell, can sell. Can't sell, can sell. Haiyo malli.

Kodituwakkuarachchi Thursday, 21 February 2013 10:57 AM

In other words all all the sellable lands have been sold and the tills are filled to the brim.

ramkumar Thursday, 21 February 2013 10:53 AM

Were all the lands sold already their loved ones (china, Iran, Cuba, Russia etc) What about our politicos having properties in other country.

Dushy Ranetunge Thursday, 21 February 2013 10:47 AM

What about the first foreigners who landed with Vijaya? and does this mean Sri Lankan's should not be allowed to buy land in other countries?

mirakRajBanda Thursday, 21 February 2013 10:46 AM

Except the big family !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ela Malli Thursday, 21 February 2013 10:48 AM

Very good...by the way..hows is your land in Australia? Who paid for it? Sri Lanka taxes?

saranga Thursday, 21 February 2013 10:41 AM

gud decisions buy the goverment,M R dont try to be like J R jayawardena,vijaya kumaratunga used to say to JR 'IDAM PERETHAYA'..

DeSelva Thursday, 21 February 2013 10:41 AM

does this mean Gota need to hurry up and garb everything asap

Michael Perera Thursday, 21 February 2013 10:41 AM

at last... something commendable...

sripala Thursday, 21 February 2013 10:38 AM

country is sold to china.. what else. shame on us.

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No outright sale of land to foreigners

Comments - 24

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