No outright sale of land to foreigners

Thursday, 21 February 2013 15:51

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.

Comments

-1+6 # mack 2013-02-21 05:30

how much land SL politicians own and bought in Europe,Australi a and America's??? what's wrong if foreigners buy land here??

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-1+54 # HK 2013-02-21 15:58

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

-1+61 # sripala 2013-02-21 16:08

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

-44+4 # Michael Perera 2013-02-21 16:11

at last... something commendable...

-0+52 # DeSelva 2013-02-21 16:11

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

-36+1 # saranga 2013-02-21 16:11

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

-0+41 # mirakRajBanda 2013-02-21 16:16

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

-0+34 # Dushy Ranetunge 2013-02-21 16:17

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?

-0+40 # Ela Malli 2013-02-21 16:18

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

-0+33 # ramkumar 2013-02-21 16:23

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

-0+27 # Kodituwakkuarachchi 2013-02-21 16:27

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

-0+28 # Rata Haraka 2013-02-21 16:28

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.

-0+27 # Andrew Pitugala 2013-02-21 16:32

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

-0+25 # Ramzeel 2013-02-21 16:35

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

-1+30 # DeSelva 2013-02-21 16:36

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

-2+13 # R.Dias 2013-02-21 16:45

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

-0+22 # BADA-YATA-GEMMBA 2013-02-21 16:58

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

-0+30 # Lal 2013-02-21 16:58

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

-0+21 # Sim 2013-02-21 17:10

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

-0+2 # lin USA 2013-02-22 05:30

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.

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-0+9 # Lucky Weeramantry 2013-02-22 06:24

Only The Wastelands Are Left Now.

-2+2 # Johann Gunasekara 2013-02-22 13:22

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.

-0+1 # ravivararo 2013-02-22 17:36

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

-0+1 # Silva de Mervin 2013-02-22 18:23

Has Gota allowed this as he is a US citizen?

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