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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2429

Mr. Van der Kolff - the new Managing Director of Lamudi Sri Lanka

Colombo, 12 February, (Asiantribune.com):

Hugh van der Kolff has been appointed the Managing Director of Lamudi Sri Lanka (www.lamudi.lk), the leading online real estate platform. Hugh, who was previously the Business Development Manager for the Myanmar branch of the global real estate brand, has been appointed to head Lamudi Sri Lanka following the departure of former Managing Director, Wilhelm Hammes.

Mr. van der Kolff, 26, has a unique educational background, having completed his Bachelors degree in Applied Physics at the Delft University of Technology in the Netherlands. He further pursued his double Masters degree in Applied Physics (Medical Applications) and Management of Technology.

When asked about combining his interest in e-commerce with his background in physics, he said: “I worked in a couple of different software companies during my studies, and began to demonstrate more interest towards e-commerce, This is why I pursued a masters in applied physics and management of technology. I first began as a developer and tester, and later progressed to a more management-focused function”.

He began his career with Rocket Internet in mid 2013 at an online jewellery venture named 21Diamonds in Munich, Germany. Rocket Internet is the parent company of more than 174 ventures in 40 countries, including Lamudi. He moved from 21Diamonds to the global online real estate platform last year. During 2014, he played a central role in boosting the growth of House.com.mm, as Lamudi is known in Myanmar.

Myanmar is another growing country with a developing real estate sector which has recently attracted record levels of investment. Similarly, Sri Lanka has seen a significant jump in foreign and local investments which in turn have assisted in the growth of the real estate market.

“When compared to Myanmar, the real estate sector in Sri Lanka is a bit more mature, yet in the rapid growing stage. This is because the market in Myanmar has started to expand more recently than Sri Lanka,” Mr van der Kolff said. “However, Sri Lanka has less restrictions for foreign investments as foreigners are allowed to lease property for a span of 99 years and own apartments on or above the fourth floor, whereas Myanmar does not allow ownership rights for foreigners.”

He further stated that Sri Lanka is quite a tech-savvy country since internet usage is growing at a steady pace in comparison to Myanmar where Internet is at its very first stage of adoption, making it quite an unknown channel to trade real estate.

As for his plans for Lamudi in Sri Lanka, Mr. van der Kolff wants to strong embed Lamudi in the country’s real estate market. “We'll focus on building a close relationship with our current agents and developers while simultaneously expanding our current customer base. Looking back to when we began last year, Lamudi Sri Lanka has made a huge leap forward, however there is still work to be done,” he said.

About Lamudi

Lamudi was globally founded on October 13 2013 by Rocket Internet. The Sri Lanka branch opened in May 2014. The company is currently available in 28 countries across Asia, Africa, the Middle East and Latin America. The leading real estate portal offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.

- Asian Tribune -

Hugh van der Kolff
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