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53 perches prime land bordering Colombo-04-situated down Charliment road (adjoining Savoy cinema)-For sale (Ideally suited for property development)   Details
(All below mentioned prices are negotiable)
FOR SALE		FOR LEASE
	MORATUWA Apartment building (aptsmor-1756) No of pchs: 16.5 No of units built: 02 Each with : 03 bed rooms Floor area of each unit: 750 sq.ft A ground floor fully completed apt building situated down Frazer avenue-between the Old & New Galle roads. Price: Rs.14,000,000/- Details		RAJAGIRIYA House (gh-hpl-raj-1755) No of pchs: 50 No of bed rooms: 03 Total floor area: 3300 sq.ft A barnd new spacious luxury house (fully furnished) with a large landscaped garden & a swimming pool sitauted close to the Kotikawatte junction. Rent: Rs.80,000/-(Long term) Rs.3,000/-(per day) (Short term) Details
	HORANA Standard, semi-luxury & luxury houses (hpshor-1757) Prime plots of lands with custom built houses available for sale about 5 KM from the Horaana town along the Horana-Ratnapura highway (opposite the Body line factory) Price:Rs.100,000/- per pch (negotiable) Details		COLOMBO-15 Apartment building (aptslcol-15-1761) No of pchs: 07 No of floors: 03 Total floor area: 4200 sq.ft No of bed rooms: 03 (each apt) A three storied building with an apt on each floor situated down Mosque lane-Modera. Rent: Rs.15,0000/- per month (Upper floor apt) Details
	ETHUL KOTTE House (hpseko-1758) No of pchs: 22.5 No of bed rooms: 04 A newly refurbished spacious semi luxury house situated down Weediya Bandara mawatha-close to the main road. Price: Rs.26,500,000/- (negotiable) Details		PITA-KOTTE House (hpspit-1705) No of pchs: 08 No of bed rooms: 04 Total floor area: 2800 sq.ft A luxury & spacious house situated down a private roadway close to the Pita Kotte junction. Rent: Rs.80,000/-pm (semi furnished) Details
	MALABE House (hpsmal-1759) No of pchs: 10 No of bed rooms: 03 A uniquely designed almost new luxury & spacious house at St.katherine park-off Hokandara road. Price: Rs.11,000,000/- (negotiable) Details		NAWALA Upper floor unit of a two unit house (aptlnaw-1722) No of bed rooms: 03 Total floor area: 2000 sq.ft A spacious upper floor unit with two levels-furnished or unfurnished-situated at Walawatta place off Galpotte-Nawala.Rent: Rs.60,0000/-(unfurnished) Rs.75,000/-(furnished) (negotiable depending on references) Details
	AUTHURUGIRIYA Super luxury house (hpspit-1760) No of pchs: 15 No of bed rooms: 07 Total floor area: 10,000 sq.ft A uniqly designed five storied super luxury house situated down Raja Maha Vihara road. Price: Rs.65,000,000/- (inclusive of all furniture) (price negotiable) Details		COLOMBO-05 Apartment (aptlcol05-1727) No of bed rooms: 03 Total floor area : 1999 sq.ft A three bed roomed luxury & spacious apt ( furnished or unfurnished) on the 7 th floor of Renaissance residencies situated down Siripa road. Rent: Rs.135,000/-(unfurnished) Rs.175,000/-(fully furnished) Details
	COLOMBO-15 Apartment building (aptslcol-15-1761) No of pchs: 07 No of floors: 03 Total floor area: 4200 sq.ft No of bed rooms: 03 (each apt) A three storied building with an apt on each floor situated down Mosque lane-Modera. Price: Rs.20,000,000/- (for the building) Details		BATTARAMULLA House (hplat-1691) No of pchs: 21 No of bed rooms: 05 Total floor area: 3200 sq.ft A newly built luxury & spacious house (fully furnished) with a large landscaped garden area down 9 th lane (facing two roadways)-Wickramasinghepura. Rent: Rs.150,000/-pm (negotiable) Details
	MORATUWA Bare land (blsmor-1762b) No of pchs: 480 A prime land facing the Bolgoda river (in an Island at Gorakana) off the Old Galle road. Price: Rs.350,000/-per pch Details		NUGEGODA Building (bldgs/off-nug-1618) No of pchs: 12 No of floors: 03 Total floor area: 6000 sq.ft A spacious three storied building inclusive of furniture & equipment (currently functioning as a computer institute/hotel school) situated by the High-Level road close to the Delkanda junction. Rent: Rs.200,000/- pm (negotiable) Details
	BATTARAMULLA House (hpsbat-1763) No of pchs: 07 No of bed rooms: 04 Total floor area: 1850 sq.ft A brand new luxury house situated at Shakthipura-Koswatte (with approach roadways from Koswatte as well as Thalahena) Details		KANDY Apartments (aptlkan-1731b) No of bed rooms: 02 each Floor area: 1200 sq.ft (each) Three luxury apats on three floors (fully furnished) situated at Kuda Ratwatte mawatha (on short or long term basis) Rent: Rs.40,000/- pm (short term) Rs.30,000/-pm (long term) Details
	WATTALA House (hpswat-1765) No of pchs: 19 No of bed rooms: 06 Total floor area: 4500 sq.ft A three unit spacious semi luxury house with a large landscaped garden area situated by the Kerawalapitiya road-Hendala. Price: Rs.15,500,000/- (negotiable) Details		WATTALA House (hplwat-1764) No of pchs: 14 No of bed rooms: 05 Total floor area: 3500 sq.ft A newly built luxury house (fully furnished) situated by the Colombo-Negombo highway at Mabole. Rent: Rs.100,000/- pm (negotiable) Details
	MORATUWA House (hpsmor-1766) No of pchs: 16 No of bed rooms: 03 Total flor area: 4000 sq.ft A luxury & spacious house sitauted down Diggala road close to the Keselwatte junction. Price: Rs.16,500,000/- (negotiable) Details		COLOMBO-02 Office space (offlcol02-1767) No of floors 06 (inc GF) Floor areas: GF-1570 sq.ft 1st-1519 sq.ft 2nd-1519 sq.ft 3rd-1519 sq.ft 4th-3445 sq.ft 5th-2685 sq.ft A newly refurbished spacious modern building situated facing Union place (opp: Salaka) with ample parking behind. Rent: (see details) Details
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Ninety7@Siglap

Designed by Aamer  Architects-Singapore

Singapore and Kuala Lumpur-based practice Aamer  Architects has completed the Ninety7@Siglap project. This award winning tropical three story curved house is located in Singapore and was designed for a bachelor and entrepreneur to accommodate his feature family ! According to Aamer Taher, ”He had very clear instructions on what he needs were and left the architectural form and style to us, only intervening on functional aspects of the design”.

This project won the 2011 SIA Architectural Design Award in the category individual house.”The jury was impressed with the result of what was very close collaboration between architect and owner, which turned out to be very up-to-date take on tropical language of architecture. Once inside the house, the sensibilities and sencivities in the spaces are apparent. The architect & the owner opted to locate the bed room areas at the ground level, facing the pool in a private and exclusive cabana-style setting. The living and dinning/entertainment areas were located at the4 second floor commanding the view towards the city. This arrangement  gave rise to the opportunity to create the deep fluid-form patio areas  which wraps around the spaces of the house. The patios doubled up as extended entertainment areas and an environmental filter for the internal areas in proper. The living areas are able to be fully opened up back side and front, to maximize the views and natural light and ventilation without fear of the sun and rain.

On the ground level, the architect create two resort style “Cabana” bed rooms with a large open and covered terrace for poolside parties. A sculpture metal ‘drum’ anchors the ‘ship’ to the ground and houses the toilet/shower and barbeque pantry. Roof gardens ad timber decks provide added insulation from the sun.

Living and dinning on the second level, connected with external verandahs/ terraces that flow upwards and fold into the roof form with deep overhangs for sufficient shade and channeling the breeze through the whole house. Master and family room are placed on the third level having the best views.

On its own, this is beautifully crafted house. What is also does is to give its terraced neighborhood a timely update by the way of its unique and progressive but pleasantly white walled, modestly-scaled architectural presence.

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50% of Colombo condos sell out pre-construction

Most condominiums (considered luxury real estate) in the country's business capital of Colombo experience an average pre-construction sale ratio of around 50%, according to a report by the local office of global big four audit firm KPMG, in conjunction with Research Intelligence Unit (RIU).

The report titled 'Sri Lanka Real Estate Market Brief', said that "more prestigious developments like the Empire, Emperor, Lumiere and Trillium tend to sell around 80% of their units by completion of construction. Meanwhile, the established buildings like Royal Park and Iceland Residencies have very few apartments available for sale or re-sale."

The report further revealed that "around one quarter of apartments in two new high-rise projects scheduled for construction by one of Sri Lanka's main condominium developers have been reserved even before construction has started. Out of the 226 apartments built in the first phase, only 10 remained to be sold."

At the same time, it also emerged that this was not always the case with regard to the apartment segment in general. The report quoted Priyantha Perera, Group Director of Sierra Construction and Chairman of the Contractors Association of Sri Lanka, as stating: "Currently, we have too many apartments in Colombo where the market is over-supplied. Most people who buy these apartments do so for renting out and very few actually live there. If we take Colombo 06 for example, we find that since the dawn of peace, people who originated from the north have now returned to Jaffna and surrounding areas. This has resulted in a slackening of demand for high-end properties that were previously experiencing strong demand from locals and expats."

Additionally, the report also cautioned that, as most condominium sales were due to Sri Lankans currently living abroad, this may not be a sustainable source of future sales. However, also added was that "we can note that on the supply-side, developers have been actively expanding the number of condominium projects that silhouette the landscape. For the most part, RIU research indicates high levels of occupancy with pre-sales moving fast enough to encourage further entry of players and projects."

With regard to land prices, the report indicated that "Colombo 1 areas, like Main Street, can fetch values of around Rs. 9-10 million per-perch whilst Sea Street sells at around Rs. 8 million. Five million rupees may currently buy you one perch in Colombo 3, four million for Colombo 4 and Colombo 6. Parts of Colombo 5 like Thimbirigasyaya market at around Rs. 3.5 million per perch whilst properties in Colombo 8, Borella, average at around Rs. 4.4 million. The Research Intelligence Unit forecasts double digit growth in the post 2013 period." Also revealed, there was a rising demand for housing, which was currently estimated at around 90,000 units per year.

Meanwhile, the report also commented that an "overwhelming factor that impacts the land market is the heavy presence of the state and the dynamics within various state bodies, especially in Colombo 01 and 02. For example, according to RIU sources, the D.R Wijewardene Mawatha and Banking Square areas of Colombo 01 used to be owned by various state institutions like the [Colombo Municipal Council] and the Ports Authority.

However, now many such lands are being vested under one state authority - the Urban Development Authority (UDA). Many lands in this area have been vested already and others are currently in the process of being transferred to the UDA. Typically the UDA's policy is to give out these lands to investors, both foreign and local, on 66 or 99 year leases which is in accordance with the government's policy, as stipulated in the recent budget. The UDA has recently invited investors, both foreign and local, to engage in discussions for a number of such developments." Also cited, "RIU sources indicate that the UDA received US$ 23 million for a 99 year lease of the two acres of land on Sir James Peiris Mawatha."

Further, the report also went on to add: "Consequently, the private land values in Colombo 01 and Colombo 02 can be expected to experience significant appreciation... In the current climate, investors predominantly from China and India are set to give a complete makeover to the Colombo 01 and 02 areas over the next two years."

It also stated that "the future land market in the inner city area is likely to be drastically transformed towards an exclusively high-end area" and that "those that do hold private property in the inner city areas are likely to witness significant appreciation in prices."

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