From Reality Lanka

 

 Real estate & web advertising in Sri Lanka

We bring properties in Sri Lanka to where ever you are!

If you are looking for a property in Sri Lanka for Lease or to buy we have a wide range of Properties to select from in many areas to suit your budget & requirements, you could visit our website www.realitylanka.com for photos & details of over 1000 properties such as houses, bare lands, factories, estates, hotels & guest houses. etc.etc. 

Please note that this is a promotional email of our services, in case  you do not find the following information useful please forward it to anyone who will find this useful and if you do not wish to receive our newsletters in the future please click on the unsubscribe link at the bottom of this page.

Thank you!

Lonely planet names Sri Lanka as one of the ten best destinations to travel in year 2019

Sri Lanka real estate market: 2019 predictions

Predicting the future is a pretty thankless task, at the best of times, and it is a brave person who is prepared to forecast without caveating their predictions extensively. Outlining potential trends, over the coming year, in real estate asset classes and sub-markets, has become something of a tradition in professional real estate advisory, and, here, JLL Sri Lanka sets out its vision for the coming year, identifying some the challenges and opportunities that might lie ahead in the residential sector. Since the cessation of hostilities in 2009, Sri Lanka’s emerging real estate market has benefited from positive sentiment driven by the ‘peace dividend’ and, more latterly, a period of consolidation, as the market settles into a more established pattern, governed by quantifiable drivers, such as supply and demand dynamics, economic indicators and government policies. However, Sri Lanka’s fledgling real estate market remains susceptible to external influences, largely due to geo-political sensitivities associated with the island’s strategic location along the maritime component of China’s One Belt, One Road initiative, and vulnerable to a lack of direction and leadership at ministerial level, due to issues including a lack of transparency and an inconsistent policy framework. 2019 looks set to be as patchy as 2018 proved to be, with certain sectors ‘out of sync’, being at different stages of their respective cycles and others enjoying more capacity to respond to changing circumstances; but with game changers such as Port City looming on the near horizon, and long-awaited infrastructure finally being delivered, successful real estate outcomes will be dependent upon sound strategy.

Residential

The residential sector is the most visible of real estate asset classes, certainly in Colombo, and closest to most people’s personal aspirations, so is a de facto benchmark for Sri Lankan real estate. 2018 was characterized by Central Bank concerns over a potential bubble being inflated and bank lending exposure to the real estate sector, feeding through to market sentiment and a muted performance overall. With significant unsold inventory remaining at many high profile Colombo projects, new supply entering the market with ITC, The One (Krissh) and One Colombo (Tata), the luxury residential sector already looked set for another challenging year, but suffered another body blow in the 2018 budget, with the reintroduction of 15% VAT on new condominium sales. January has seen brisk sales for some projects and disappointment for others, so the picture remains unclear, but with over-supply concerns and increased buyer costs to contend with, developers will have to discount/incentivize and up their marketing game, if sales volumes are to be maintained.

Port City

Port City will become a reality during 2019 with the launch of serviced development plot sales to second-tier investors/developers and the commencement of a mixed use pilot project to showcase the master planned mega project to a global audience. Quite apart from its sheer size, delivering 180 hectares of development land, much of it sea front, and 50 hectares of public open spaces, Port City will become a real estate disruptor, moving away from the traditional ‘perch’ land sale measurement to an internationally more prevalent square metre model, and driving infrastructure connectivity with new road and light rail provision. With virtual ‘freezone status’ legislation being drafted to support the International Financial City model, international, regional and Sri Lankan developers are actively exploring land acquisition proposals at Port City and it remains to be seen how this activity will impact on brownfield/greenfield land site prices in the existing city. Investors sitting on land banked plots which have traditionally commanded premium prices, by virtue of sea view and CBD location, might discover weakened buyer sentiment in the face of competition from clean title, serviced development plots with sea front location, being released into the market by Port City during 2019.

Infrastructure development

New infrastructure is becoming a differentiator and the opening of the Rajagiriya flyover bodes well for the residential sector in those suburbs that see improved traffic flows, with the opening of this important new road. Speculators and developers will be watching closely and trying to predict which areas are next in line to benefit from infrastructure improvements.

Infrastructure will also support low-cost and affordable housing provision in outlying suburbs, where land prices are still at a level that allows commercial development to take place in these sectors, but have, until recently, not been viable locations for the city commuter. This sector is further enhanced by accumulated demand over a considerable period and an acute under-supply of properly affordable/low income housing supported by incentivized payment schemes and regulated financing, so we see tremendous opportunity in this sector, either as public/private partnerships or private development enterprises.

Apartment market

One final note regarding the residential sector, with reference to apartment rentals: despite a slowdown in construction as a response to lacklustre sales, increased supply, especially in the luxury sector, at projects such as Astoria and Shangri La will feed into the market during 2019, as buy-to-let investors receive their apartments. While there is still sufficient demand in the market to absorb the majority of this new inventory, older apartment blocks which might be displaying signs of age or lacking in amenities, will come under increased pressure to secure tenants unless asking rents reflect the disparity in appeal.

--------------------------------------------------

 
 

  

(All below mentioned prices are negotiable)

FOR SALE

FOR LEASE

       

 

MATALE

SALE

Bungalow with cultivation(2760)

No of Acres: 10

No of bed rooms: 05

No of floors: 03

Total floor area: 4000 sq.ft

A luxury & spacious bungalow on a highly elevated scenic location at Elkaduwa

Price:Rs.95,000,000/- (negotiable)

Details

 

DEHIWELA

LEASE

Apartments (2765)

No of rooms: 02 & 03

Floor area:1350 sq.ft (each)

02 & 03 bed roomed apts in a brand new four storied building at Rodrigo road (close to the Dehiwela junction)

Rent:Rs.80,000/-pm

Details

       

PANADURA

SALE

Commercial building

(2761)

No of pchs: 20

No of floors: 03

Total floor area: 6000 sq.ft

A spacious three storied building with high roofing at Rickgahawatte-Dibedda.

Price: Rs.27,000,000/-

(negotiable)

Details

RAJAGIRIYA

LEASE

Apartment (2768)

No of bed rooms: 04

Total floor area:  2320 sq.ft

A brand new four bed roomed luxury apt at Fairway elements residencies-Buthgamuwa rd

Rent: Rs.250,000/-pm

Details

       

MOUNT LAVINIA

SALE

House (2762)

No of pchs: 11.5

No of bed rooms: 05

Floor area: 4200 sq.ft

A spacious two unit house at Mount avenue (off Hotel rd close to the Mt.lavinia hotel)

Price: Rs.70,000,000/-

(negotiable)

Details

MARAWILA

LEASE

House (2758)

No of pchs: 123.4

No of floors : 08

Floor area: 6,000 sq.ft

A luxury & spacious two storied house with a large landscaped garden area at Thalwila road.

Rent: Rs.120,000/-pm

(fully furnishd)

Details

       

KANDY

SALE

Investment opportunity (2763)

Land extent: 16  Acres

Chalets with

01-02 & 03 bed rooms

A five star hotel with all facilities at a higly elevated scenic location in Teldeniya

Each unit: Rs.15,000,000/-onwards.

Details

Mt.LAVINIA

LEASE

Apartments (2717)

Each apt consists

No of bed rooms:03

Total; floor area: 4000 sq.ft

Two luxury apts (fully furnished) 0n the first & second floors of a luxury house (with separate entrances) facing Templers road about 50 meters from the Gallle road

Rent-(First floor)Rs.175,000/-pm

(Second floor)Rs.150,000/-pm

(fully furnished)

Details

       

COLOMBO-06

SALE

Apartment (2764)

No of bed rooms: 03

Total floor area 950 sq.ft

A three bed roomed apt at Oasis residencies-Anula road

Price Rs.20,000,000/-

(negotiable)

Details

CHILAW

LEASE

Echo friendly hotel / bungalow

(chil-2704)

No of Acres: 38

No of bed rooms: 06

38 acres of cultivated land with with a luxury & spacious bungalow with a swimming pool surrounded by a  paddy field, jungle & water front at Willathathawa.

Rent:USD.2500/- per montth

(All bed rooms fully furnished-Electricity free by Solar power-water supply free as well)

Details

       

COLOMBO-11

SALE

Commercial Building (2766)

No of pchs: 2.7

No of floors: 03

Floor area: 1575  sq.ft

A three storied building facing Prince street.

Price: Rs.92,000,000/-

(negotiable)

Details

JA ELA

LEASE

House (2680)

No of pchs: 20

No of bed rooms: 04

Floor area: 2425 sq.ft

A luxury & spacious house elegantly furnished with exclusive antique furniture at Weliketiya-Pamunugama

Rent:Rs.125,000/- per month (fully furnished)

Details

       

NUWARA ELIYA

SALE

Guest house (2767)

No of pchs:50

No of rooms:05

Total floor area: 2,500 sq.ft

A single storied spacious holiday bungalow with a large landscaped rear garden area at Wedderbern road (behind the Victoria park)

Price: Rs.110,000,000/-

Details

COLOMBO-06

LEASE

Apartment (2694)

No of rooms: 03

Total floor area: 1850 sq.ft

A luxury & spacious apt elegantly furnished on the 6th floor of the Sunset East tower-Trillium residencies-Elvitigala mw

Rent: USD.1,800/-pm

(fully furnished)

Details

       

COLOMBO-03

SALE

Apartment (2769)

No of bed rooms: 03

Floor area: 1,392 sq.ft

A luxury & spacious apt (fully furnished) with a spectacular view on the 19th floor of Crescat residencies-Galle face.

Price: Rs. 65,000,000/-

(negotiable)

Details

COLOMBO-03

LEASE

Colonial bungalow (2693)

No of pchs: 18

No of bed rooms:04

Total floor area: 4000 sq.ft

A luxury & spacious colonial type bungalow facing Abdul Gaffoor mw (and bordering a private rd)

Rent:

Rs.525,000/-per month

(commercial use)

Rs.425,000/-per month

(residential use)

Details

       

YATIYANTOTA

SALE

Bare land(2754A)

No of pchs: 300

A prime land facing the Avisawela Hatton road (easy access road from Colombo to Nuwar Eliya) at Kabulumulla (about 08 Km fm Avisawella)

Prices: Rs.100,000/- per pch

Details 

KANDY

LEASE

House(2696)

Land extent: 12  pchs

No of floors: 02

No of bed rooms: 04

Total floor area: 3500 sq.ft

A luxury & spacious house with a landscaped garden at Weerakoon Gardens

Price: Rs.75,000/-pm

Details

       

YATIYANTOTA

SALE

Bungalow(2754B)

No of pchs: 160

A spacious two storied bungalow facing the Avisawela Hatton road (easy access road from Colombo to Nuwara Eliya) at (about 08 Km fm Avisawella)

Prices: Rs.100,000/- per pch

Details  

COLOMBO-02

LEASE

Office space (2691)

No of floors avlble-03

Floor area (2nd F): 3304 sq.ft

Floor area (4th F): 1850 sq.ft

Floor area (5th F): 1950 sq.ft

A brand new six storied building at Glennie street (former Elephant House premises)

Rent: Rs.190/-pr sq.ft per month

Details

       

EHTUL KOTTE

SALE

House (2752)

No of pchs: 13.5

No of bed rooms: 06

Total floor area: 2,200 sq.ft

A spacious two unit luxury house at New Ediriweeera mawatha (close to the Telecom)

Price: Rs.55,000,000/-

(negotiable)

Details 

COLOMBO-07

LEASE

Bungalow (2710)

No of pchs: 18

No of bed rooms: 06

Total floor area: 5000 sq.ft

A luxury & situated down Cambridge place (close to the Colombo Museum)  Rent:Rs.800,000/-pm

Details 

       

GALLE

SALE

Bare land (2746)

Extent 76 pchs

A prime bare land about 800 meters town & the beach at Liyanagedera-Habaraduwa.

Price: Rs.140,000/- per pch

Details

 

 

COLOMBO-05

LEASEThree buildings (2625)

No of pchs: 400

Building (1)-3 floors

9,000 sq.ft

Building (2)-5 floors

25,000 sq.ft

Building (3)-7 floors

105,000 sq.ft

Three separate buildings in the same premises at Kirimandala mw (adj the Asiri surgical hospital)

Rent: (refer to dtls)

Details

       

COLOMBO-02

SALE

Apartment (2755A)

No of bed rooms: 03

Total floor area: 1850 sq.ft

A luxury duplex apt (connecting two floors) with furniture & an panoramic view on the 13th & 14th floors of Tow-2 at the 320 residencies-Union place.

Price: Rs.88,000,000/-

(negotiable)

Details    

RAJAGIRIYA

LEASE

Apartment (2702)

No of bed rooms: 03

Total floor area: 1680sq.ft

A brand new three bed roomed luxury apt at Fairway elements residencies-Buthgamuwa rd

Rent: USD.1,750/-pm

(fully furnished)

Details

       

KANDY

SALE

Holiday bungalow (2770)

Land extent: 139  pchs

No of bed rooms: 05+02

Total floor area: 4000 sq.ft

A luxury & spacious holiday bungalow with a large garden, swimming pool & badminton courts at Haloya-Gampola.

Price: Rs.55,000,000/-

(negotiable)

Details

RAJAGIRIYA

LEASE

House (2772)

No of pchs: 16

No of bed rooms: 04

Total floor area: 2400 sq.ft

A two storied luxury & spacious house with a landscaped garden bordering a paddy field at Kalapaluwawa.

Rent: 200,000/-pm

(fully furnished)

Details

       

COLOMBO-06

SALE

Bare land (2771)

No of pchs: 98

A prime land facing the Marine drive (adj Charliment rd & the KFC restaurant)

Price Rs.16,500,000/-per pch

(negotiable)

Details

MAHARAGAMA

LEASE

House (2773)

No of pchs:13

No of floors:02

No of bed rooms: 05

Total floor area: 3600 sq.ft

A brand new two storied (two unit) house at Samagi mawatha-Navinna.

Rent: (both units) Rs.125,000/-

(Each unit)-Rs.60,000/-pm

Details

       

MAHARAGAMA

SALE

House (2773)

No of pchs:13

No of floors:02

No of bed rooms: 05

Total floor area: 3600 sq.ft

A brand new two storied (two unit) house at Samagi mawatha-Navinna.

Price: Rs.45,000,000/-

(negotiable)

Details

COLOMBO-03

LEASE

Apartment (2777)

No of bed rooms:03

Total floor area: 1400 sq.ft

A luxury & spacious apt on the 3rd floor of a private building down Temple lane-close to the Galle road.

Rent:Rs.125,000/- per month

(could be furnished  if required)

Details

       

UNAWATUNA

SALE

Holiday bungalow (2774)

Extent: 104 pchs

No of rooms: 10

No of buildings: 03

Total floor area: 5000 sq.ft

A luxury & spacious holiday bungalow with a large landscaped garden with a sea view at Matara rd-Unawatuna

Price: Rs.220,000,000/-

(negotiable)

Details

NEGOMBO

LEASE

House (2778)

No of pchs: 16.5

No of bed rooms:05

A luxury & spacious two storied house with a landscaped garden area at Temple lane (lessthan one Km from the town)

Rent:Rs.125,000/-pm

(semi furnished)

Details

 
       

COLOMBO-04

SALE

Bare land (2775)

No of pchs: 12

A prime land facing De vos ave (between the Galle rd & Duplication rd-close to the Bambalapitiya junction) Price: Rs.13,000,000/-per pch

(negotiable)

Details

WATTALA

LEASE

Ware house (2723)

No of pchs: 150

Total floor area: 25,000 sq.ft

A single storied high roofed solidly built ware house at Hamilton Canal rd (04 Km from Negombo rd)

Price: Rs.55/-(per sq.ft per month) (negotiable)

Details

       

DEHIWELA

SALE

House (2776)

No of pchs: 6.07 pchs

No of bed rooms: 04

Floor area: 2600 sq.ft

A brand new luxury & spacious house with a roof top terrace on a private road off Anderson rd.

Price: Rs.39,000,000/-

(negotiable)

Details

ALUTHGAMA

LEASE

Restaurant (2724A)

No of floors: 02

Total floor area: 2000 sq.ft

An on going restaurant facing the Galle road at Aluhgama junction

Rent: Rs.250,000,000/-

(inclusive of all furniture, fittings, equipment & on going business)

Details

       
 
 
 

If interested in any of the below given properties please contact us 

 

                          Reality Lanka Tel/fax: 2716920   Hotline: 0714920402    Viber: 0779004642   Email: info@realitylanka.com                                                                                                          

 

Location

 

Code No. Details price /rent
       

Apt-Lease-Ratmalana

136A Three bed roomed ground & upper floor separate newly built Apts at Upul pedesa-Sirimal uyana

Rs.80,000/-pm

 
       

Land-Sale-Dehiwela

136B 8.69 pchs bare land on a private rd off Kalubowila rd

Rs.3.5 mil pp

       

Land-Sale-Col-06

136C 23.17 pchs down William rd ( private rd adj Nithyakalyani opp the Roxy petrol shed)

Rs.6.5 mil pp

       

Office-lease-Col-03

136D A four bed roomed two storied house (2250 sq.ft) (two car parks) at Unity place off Inner flower road

Rs.275,000/-pm

       

Office-lease-Col-03

136E A one bed roomed luxury apt (with an extra room) (800 sq.ft) on the 7th floor of Premier pacific res-Duplication rd

Rs.110,000/-pm

(fully furnished)

 

       

Apt-lease-Dehiwela

136F A two bed roomed luxury ap (900 sq.ft) on the first floor of Exelsiour res-Vanderwet place

Rs.65,000/-pm

 

       

Apt-lease-Col-09

136H A two bed roomed apt (800 sq.ft) on the 5th floor of Ascon res-Baseline rd (fully furnished)

 

 

Rs.80,000/-pm

(fully furnished)

 

       

Office-lease-Col-05

136K A two bed roomed single storied house (1000 sqft) (03 parking) on a private rd off Thimbirigasyaya rd (close to Elvitigala mw side)

 

Rs.100,000/-pm

 

       

Office-lease-Col-05

136L 6.25 pchs with an old house at Piyarathanarama rd (close to the zoo)

 

 

Rs.3.8 mil pp

 

       

Apt-lease-Rajagiriya

136M A four bed roomed penthouse apt with furniture & a magnificent view apt(2180 sq.ft) on the 20 th floor of Fairway elements res-Buthgamuwa rd

Rs.300,000/-pm

(fully furnished)

       

Apt-lease-Col-03

136N A two bed roomed apt (950 sq.ft) on the 3rd floor of Prince courts res-Aloe ave (adj panasonic showroom)

 

 

Rs.90,000/-pm

(fully furnished)

 

       

Office-lease-Col-04

136O Second floor of a building facing Duplication rd (opp former house of fashion) (1125 sqft-Rs.175,000/-pm(750 sqft-Rs.145,000/-pm) (500 sqft-Rs.100,000/-pm) (As given)
       

House-lease-Col-04

136P A four bed roomed two storied house (fully furnished) on 6.5 pchs at Maries rd (bet the Galle rd & the Marine drive)

 

 

Rs.650,000/-pm

(fully furnished)

 

       

Apt-sale-Mt.lavinia

137A A three bed roomed apt (1325 sq.ft) on the 3rd floor of a new condo building-Siripala rd (Deed avlble)

 

 

Rs.23 mil

 

       

Apt-sale-Dehiwela

137B Newly coming up three bed roomed apts (1450 sqft each) at Marine Heights-Station rd (open for bookings-project over Aug 2020)

 

Rs.25.5 mil on..

 

 

       

Apt-sale-Dehiwela

137C A two bed roomed apt with sea view (950 sq.ft) on the 3rd floor of Vishnu res-42nd Lane (adj Arpico off Galle rd)

 

 

Rs.18.5 mil

 

 

       

Office-Lease-Col-06

137D A four storied building (1000 sq.ft each floor) with four car parks facing Baseline rd (opp Best Westen hotel)

 

Rs.125,000/-pm

(per floor)

Rs.325,000/-pm

(full bldg)

       

Apt-Sale-Col-04

137E A four bed roomed luxury apt (with furniture & deeds) (1800 sqft) on the 7th floor of Vishnu residencies-Shubery Gardens

Rs. 46.5 mil

       

Apt-Lease-Dehiwela

137F A three bed roomed brand new apt (1050 sq.ft) on the 1st floor of Exello res-Vanderwert place

 

 

Rs.80,000/-pm

 

       

Land-Sale-Battaramulla

137G 52 pchs land with an old house at Bodiraja mw-Jayanthipura (opp the parliment grounds) Rs.4 mil  pp
       

Office-Lease-Col-03

137H Three bed roomed second floor (1350 sq.ft-01 AC-01 parking) at Temple lane (bet Galle rd & Dup rd) Rs.125,000/-pm
       

House-Lease-Mt.lavinia

137K Three bed roomed single storied house fully furnished on 14.5 pchs at Satisara mw (off Templars rd)

 

 

Rs.80,000/-pm

(fully furnished)

 

       

Apt-Sale-Col-05

137L A two bed roomed ground floor apt (800 sq.ft) at Anderson flats-Park rd (adj Shalika grounds-Deed avlble)

 

Rs. 14.5 mil

 

       

Office-Lease-Col-03

137M Third floor office space (400-1000-1450 sq.ft) with ac,security,standby gene opp Mcdonalds-facing the Galle rd

Rs.285/-per sq.ft pm

       

Office-Lease-Nugegoda

137N A newly refurbished two storied building on a private rd adj Pan Asia bank-Nawala rd (ground floor-1600 sq.ft) (upper floor-3300 sq.ft)

GF-Rs.330,000/-pm

UF-Rs.200,000/-pm

       
Other properties...
 
Apts Sale / Lease 
Bare lands
Buildings
Estates 
Factories & ware houses
Hotels 
Office space 
Short term accom.  
Search area wise.. 

 

 

Our overseas representatives

 

Advertising details

 

Would you like to advertise your property on our website..

 

The property requirements you are looking for..

 

Current land values in Sri Lanka

 

We value your suggestions please..

 

Performance of our website

 

View our past news letters

 

Unsubscribe

Check out our face book page

 

For more info contact 0094 11 2716920 or 0094 714920402 

For more properties visit www.realitylanka.com