NEWS LETTER FROM REALITY LANKA NOVEMBER 2026 

 

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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. 

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(All below mentioned prices are negotiable)

FOR SALE

FOR LEASE

       

 

PILIMATAHALAWA

SALE

Commercial cum residential building (4012)

No of pchs: 10.4

No of floors: 04

Floor area: 4000 sq.ft

A four storied building facing Kandy road at Ambil Meegama-Pilimathalawa

(with two office floors & two apts)

Price: Rs.200,000,000/-

Details

 

COLOMBO-05

LEASE

Upper floor

Office/ showroom (4013)

Floor area: 1500 sq.ft

A newly built upper floor space on a wide private road off Havelock road (opp Anula rd & Woodland car sale)

Rs.300,000/-per month

Details

 
       

RAJAGIRIYA

SALE

House (4014)

No of pchs: 27.55

No of bed rooms: 05

N o of floors: 02

Floor area: 4650 sq.ft

A luxury & spacious two storied house with

a landscaped garden at Moragasmulla rd (Aprox one Km from Cotta road)

Price: Rs.110,000,000/-

Details

RAJAGIRIYA

SALE

Factory building (4015)

BOI Factory

Land extent: 1.75 Acres

36,000 Sq.Ft Facility

400 KVA Transformer

Facing Main road

Navagamuva-Ranala

45 mnts to Colombo port

15 mnts to the Highway

Rent: Rs.80/- per sq.ft

Details

 
       

COLOMBO-04

SALE

Apartment (4009)

No of bed rooms: 01

Floor areas: 740 sq.ft

Brand new apt with a sea view facing the Marine drive & bordering Ridgway place

Price Rs.53,000,000/-

(payable in installments)

Details

 
MOUNT LAVINIA

SALE

Bungalow (3961)

No of pchs: 36

No of rooms: 06

No of floors: 03

Floor area: 6000 sq.ft

A luxury & spacious bungalow with a large landscaped garden with a swimming pool & a panoramic beach view down Station road

Prices: Rs.250,000,000/-

Details

       

MT.LAVINIA

SALE

Land with a house (3946)

(25.01.2025)

No of pchs: 10.9

A prime land with an old house close to the

beach at St.Rita's road (adj Dinemore restaurant at Galle rd)

Price Rs.3,300,000/-per pch

Details

 

BADULLA

SALE

Cultivated estate (3962)

Extent: 68 Acres

A cultivated estate with 20acres Cinnamon, one Acre Black pepper & a two bed roomed house & staff quarters in a  highly elevated scenic location at Haldumulla-We Eliya

Price:Rs.75,000,000/-

(For the entire land)

Details                

COLOMBO-05

SALE

Apt building (3992)

No of pchs: 13

No of bed rooms: 09 (each apt 03)

Total floor area: 4525 sq.ft

A three storied apt building with three separate apts at Mahasen mw (off Thimbirigasyaya rd-bordering Col-07)

Price: Rs.250,000,000/-

(negotiable)

Details

 

COLOMBO-15

SALE

Apartment (3989)

No of bed rooms: 02

Floor area: 741 sq.ft

A three bed roomed luxury apt with all facilities with easy access to the Port city & close to the Colombo port at Ramanathan mawatha

Price: Rs.70,000,000/-

(ready to occupy)

Details

NAWALA

SALE

Building (3994)

No of pchs: 11

No of floors: 03

Floor areas: 6000 q.ft

A newly built building with two apts (with provisions for another on the ground floor) at Third Lane-Koswatte.

Price: Rs.250,000,000/-

Details

 

BENTOTA

HOTEL FOR SALE

 (3834)

Land extent: 200 pchs

Plus 2000 pchs Paddy

An ongoing hotel with 06 rooms in a scenic location by a paddy field, large swimming pool, restaurant for 50 pax & 2 industrial kitchens at Yalagama-Induruwa.

Price:Rs.360,000,000/-

Details

       

PILIYANDALA

SALE

Land with buildings (3977)

Extent: 72 pchs

A prime land with two buildings

Thuduwa rd-Madapatha

(Sold for the land value only)

Price: 1,000,000/-per pch

Details

 

BADULLA

SALE

Cultivated estate (3962)

Extent: 68 Acres

A cultivated estate with 20acres Cinnamon, one Acre Black pepper & a two bed roomed house & staff quarters in a  highly elevated scenic location at Haldumulla-We Eliya

Price:Rs.75,000,000/-

(For the entire land)

Details                

MOUNT LAVINIA

House (3960B)

No of pchs: 15

No of bed rooms: 03

No of floors: 02

Floor area: 2000 sq.ft

A luxury & spacious house on a wide private rd off Templar's rd (close to the Galle rd)

Price: Rs.85,000,000/-

Details

KADAWATHA

SALE

Bare land (3933)

(11.12.2025)

Extent: 40 pchs

Prime land with a partly built five bed roomed two storied house at ARalia Uyana-Pahala Biyanwila

(800 meters from Kandy rd)

Price: Rs.3,000,000/- per pch

Details

 
       
MOUNT LAVINIA

Bungalow (3961)

No of pchs: 36

No of rooms: 06

No of floors: 03

Floor area: 6000 sq.ft

A luxury & spacious bungalow with a large landscaped garden with a swimming pool & a panoramic beach view down Station road

Prices: Rs.250,000,000/-

Details

MORATUWA

SALE

Bare land (3934)

(15.12.2025)

No of pchs: 40

A prime land bordering the Bolgoda lake at Thelawala rd-Katubedda

(End of Rahula mw)

Price: Rs.2,800,000/-per pch

Details

       

MT.LAVINIA

SALE

Land with a house (3946)

(25.01.2025)

No of pchs: 10.9

A prime land with an old house close to the

beach at St.Rita's road (adj Dinemore restaurant at Galle rd)

Price Rs.3,300,000/-per pch

Details

COLOMBO-04

SALE

Land with a house (3981)

No of bed rooms: 10.6

A prime land with a house with 20 ft road frontage facing Laurie's rd (opp the Majestic city mall)

Price Rs.190,000,000/-(full)

(Sold for the land value only)

Details

       

KELANIYA

SALE

House (3947)

(26.01.2025)

No of pchs:10.5

No of bed rooms: 05

No of floors: 02

Floor area: 3000 sq.ft

A luxury & spacious house with landscaped garden at Samarasinghe road (off Vihara mw 500 meters from the Temple)

Price: Rs.45,000,000/-

Details

KALUTARA

SALE

House (3980)

No of pchs: 12

No of bed rooms: 03

Total floor area: 5000 sq.ft

A three storied (two unit house )facing Colombo-Mathugama main rd (bordering anotheer rd from behind) at Malaboda junction.

Price: 40,000,000/-

Details

       

PANADURA

SALE

Land with commercial properties

(3940)

No of pchs: 307

A prime land with a building, bungalow & a Telecom tower facing Horana road at Wekada.

Price: Rs.15,000,000/-per pch

Details

MT.LAVINIA

SALE

Newly refurbished colonial type

bungalow with a another two storied building behind (3937A)

(31.12.2025)

No of pchs: 26

No of rooms: (bungalow) 04

Building (GF) 02 (UF) 03

Floor areas: bungalow-1800 sq.ft

Prices: 125,000,000/-

(With all furniture)

 Details                   

       

ETHUL KOTTE

SALE

Land with a house (3941)

(15.01.2025)

No of pchs : 10.9

A prime land with an old house

at Maligawa road (with walking distance to Main Kotte road)

Price: Rs.5,500,000/-per pch

(Sold for the land value only)

Details

ETHUL KOTTE

SALE

Beach land (3942)

No of pchs: 45

A prime beach land 50 meters from Mirissa beach within the Mirissa Tourist zone

2nd block from the CMB-Matara main rd.

Price: Rs.1,800,000/- per pch

Details

       

COLOMBO-10

SALE

Apartment (3978)

(14.06.2026)

No of bed rooms: 02

Total floor area: 1200 sq.ft

A two bed roomed spacious apt on the 4 th (top) floor of White park res Maligakanada rd (bordering Resovier Lane)

Price: Rs.24,000,000/-

Details

NUWARA ELIYA

SALE

Bungalow (3938)

No of pchs: 50

Floor area: 3200 sq.ft

An architect designed luxury & spacious single storied bungalow with a landscaped garden at Weddurburn rd (1.5 Km from the town)

Price: Rs.180,000,000/-

Details

       

KANDY

SALE

Bare land (3979)

Extent: 118 pchs

A prime land on a highly elevated scenic location walking distance from the lake round at Ampitiya road (close to Mahamaya & Dharmaraja schools)

Price: Rs.82,000,000/-(full land)

Details

   
       

 

Charter & scheduled flts

Helicopter for charter to fly to anywhere in Sri Lanka

charter flights outbound from sri lanka

Charter flts outbound from

Sri lanka 

 
       
       
       
Automobiles
       

(05.10.2026)

MITSUBISHI MONTERO GLS (C341) 2015,150,000 Km 3200 cc Diesel turbo triptonin 2nd owner (CAP-XXXX)

Rs.27,500,000/-

(Col-03)

Details         

(05.10.2026)

AUDI Q2 (C342)

2018,115,000 Km 990 cc pet 2nd owner Dark Grey (CBD-4XXX)

Rs.13,200,000/-

(Col-08)

Details          

       

(05.10.2026)

SUZUKI ALTO (C343)

2014,151,000 Km 800cc petrol

manual 3rd owner White color

(CAD-1XXX)

Rs.3,700,000/-

(Homagama)

Details           

(05.10.2026)

TOYOTA ESQUIRE (C344)

2015, 98,000Km 1800 cc Petrol 3rd owner Light green color(CAG-6XXX)

Rs.16,500,000/-

(Kandy)

Details            

       

(05.10.2026)

DAIHATSU TERRIOUS JEEP (C345)

2012, 130,000 Km 1500 cc Petrol  2nd owner Pearl white color (KU-8XXX)

Rs.7,700,000/-

(Bandaragama)

Details             

(14.10.2026)

MERC BENC C180 (C346)

2017 125,000 Km 1690 cc pet2nd owner (PBJ-7XXX))

Rs.18,700,000/-

(Hospital rd-Homagama)

Details              

       

(14.10.2026)

TOYOTA LAND CRUISER (C347)

2011, 229,000 Km 4600 cc Petrol 1st owner (KO-1XXX))

Rs.35,000,000/-

(Dutugemunu st-Kohuwela)

Details              

(14.10.2026)

JET TOUR SUV (C348)

2026,4000 KM 1498 cc Pet Pugin Hybrid 1st owner

(CCD-1XXX)

Rs.28,200,000/-

(Dutugemunu st-Kohuwela)

Details              

       

(14.10.2026)

TOYOTA HIACE VAN (C349)

2016, 58,400 Km 2980 cc Diesel Turbo 1st owner (PM-0XXX)

Rs.26,700,000/-

(Kawdana rd-Dehiwela)

Details              

(14.10.2026)

PRIUS ALFA CX (C350)

2014,23,000 Km 1800cc Petrol Hybrid 1st owner (CAP-0XXX)

Rs.11,200,000/-

(Hokandara)

Details              

       

(21.10.2026)

MERC BENZ W210 FACELIFT COMPRESSOR (C351)

2000,159,000 Km,2000 cc petrol

2nd owner (GA-XXXX)

Rs.6,500,000/-

(Ratnapura)

Details              

(21.10.2026)

AUDI A3 (C352)

2018, 127,000 Km 1200 cc Petrol Turbo 2nd owner (CAJ-XXXX)

Rs.13,900,000/-

(Col-05)

Details              

       

(21.10.2026)

NISSAN XTRAIL (C353)

2001,235,000 Km 2500 cc petrol 4th owner (KA-XXXX)

Rs.5,100,000/-

(Kalubowila)

Details              

(21.10.2026)

MERC BENZ E200 CDI (C354)

139,000 Km 2011 2000 cc pet 5th owner (KJ-XXXX)

Rs.12,200,000/-

(Col-07)

Details              

       

(29.10.2026)

MERC BENZ E200 (C356)

2016 19,025 Km 2000 cc Petrol 2nd owner (CAU-XXXX)

Rs.30,500,000/-

(Colombo-06)

Details              

(29.10.2026)

TOYOTA HILUX JEEP (C357)

2011, 135,000 Km 2500cc Disel Turbo Manual 1st owner  (PD-XXXX)

Rs.15,200,000/-

(Colombo-03)

Details               

       

(29.10.2026)

BYD SUV ATTO3 (C358)

5,600 Km 1st owner 480Km on one charge (CBP-XXXX)

Rs.16,700,000/-

(Colombo-03)

Details                

(29.10.2026)

HY HUNDAI TUCSUN CAR (C359)

2013, 113,000 KM 2000 cc Diesel 3rd owner (KX-XXXX)

Rs.7,500,000/-

(Mahabage)

Details                 

       

(29.10.2026)

TOYOTA COROLLA 110 CAR (C360)

2000, 157,000 Km 1500 cc PetrolManual 4th owner

(GA-XXXX)

Rs.4,200,000/-

(Malabe)

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                                                                                                          

 

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REAL ESTATE NEWS

Sri Lanka to recover Rs9.7bn Port City Treasury spend with first land lease

Sri Lanka can recover the entire 9.7 billion rupees spent by the Treasury on the Colombo Port City once it leases its first state-owned land parcel, officials told parliament’s Committee on Public Finance (COPF).

The Ministry of Finance informed the committee that 9.7 billion rupees had been allocated from the budget for the development.

COPF Chairman Harsha de Silva asked for a detailed breakdown of the spending, questioning whether the state had received equity, a loan repayment, or if the allocation was treated as a grant.

“It’s the budgeted amount as government money. It’s not a grant or it’s not a loan. It’s a government budgeted amount,” A Saarrankan, Additional Director General of the Corporate Affairs Division at the Ministry of Finance, said.

Colombo Port City Economic Commission (CPCEC) Chairman Harsha Amarasekera told the committee that the state is now positioned to market its first land parcel because 7 private project company plots have already been leased, fulfilling the required proportion of one government plot for every seven.

The commission has already identified four government plots and is preparing to market one of them to investors, Amarasekera said.

“The moment that is done, all of such funds, sans the 1 percent, goes to the Consolidated Fund… So with the sale of the first government plot, the totality of the moneys thus far spent would be recovered by the state,” Amarasekera said.

The committee noted that the 1 percent commission on transactions completed so far amounts to roughly 400 million rupees, pointing to a cumulative lease value of around 40 billion rupees for those plots on 99-year lease agreements.

Officials added that the project company had sold land at approximately 3,000 US dollars per square metre.

Providing a breakdown of the overall property allocation, CPCEC Director General Revan Wickramasuriya said all land was vested with the Commission under a presidential grant via the State Lands Ordinance.

Out of 118 total land parcels in the Port City, 46 were leased to the Project Company, 10 of which have since been surrendered and leased to specific investors.

The government holds 28 marketable land parcels, with the remainder reserved for public areas and parks.

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Sri Lanka's real estate market is seeing major high-rise investments and rising land values, spearheaded by landmark developments in Colombo.

Major Projects & Investments
  • Central Park Boulevard (Port City Colombo): Home Lands Group signed a Sales and Purchase Agreement with CHEC Port City Colombo to develop a $150 million twin-tower high-rise project (total value over $300 million). It represents the largest real estate investment by a single local developer. [1]
  • Port City Tax Exemption Debate: The Advocata Institute recently raised concerns that tax exemptions for residential real estate within Port City distort the broader tax regime and should be reassessed.  [1]
  •  The luxury apartment phase has officially completed construction and received its Certificate of Conformity (COC), making units move-in ready.
Market Trends & Land Values
  • Colombo Land Valuation Indicator (LVI): The LVI for Colombo District rose to 271.6 in the first half of 2026, marking a 3.7% increase from the second half of 2025.
    • Residential Land: Up 6.7% year-on-year to 284.9.
    • Commercial Land: Up 5.7% to 268.9.
    • Industrial Land: Up 5.2% to 261.0. [2]
  • Apartment and House Prices: Overall apartment sale prices in Q2 approached the Rs. 99 million mark (up roughly 20.7% year-on-year), though overall condominium transaction volume dipped by about 6.7% during Q2 according to Central Bank data.[2]
  • Stock Market Performance: Real estate companies listed on the Colombo Stock Exchange (CSE) have experienced mixed short-term movement, dropping about 3.7% over a 7-day span amid regional geopolitical shifts, though the sector is up roughly 14.9% over the past year.
Sri Lanka's real estate market in 2026 exhibits moderate growth in land values alongside a downward stabilization of bank borrowing rates. Following the economic adjustments of recent years, real estate has resurfaced as an attractive asset alternative compared to traditional fixed-income instruments like fixed deposits.
Residential Land Prices by District
According to the latest land indices from market trackers and the Central Bank, average property values per perch vary significantly depending on urban proximity:
  • Colombo City (Colombo 1–15): Averages roughly LKR 12 million to 15.2 million per perch. Demand remains strong despite premium valuations, with prime areas like Colombo 7 scaling significantly higher. [3]
  • Colombo Suburbs & District: Averages LKR 2.2 million to 2.7 million per perch (e.g., Dehiwala sits around LKR 5–6 million/perch, while pockets like Piliyandala average LKR 600,000–800,000/perch). Residential plots across the district grew by 6.7% year-on-year  [4]
  • Gampaha District: Emerged as a notable hotspot with a major 15% year-on-year surge, averaging around LKR 769,000 to LKR 970,000 per perch due to high demand for affordable commuting hubs outside the city.  [5]
  • Kandy District: Averages roughly LKR 1.23 million per perch, supporting steady real estate demand in the Central Province. [6]
  • Other Provinces: Broad residential averages sit around LKR 1.44 million per perch in the Central Province, LKR 730,000 in the Southern Province (Galle/Matara averages hover around LKR 980,000–LKR 1M), and down to LKR 209,000 in the North West.[7]
Housing Loan Interest Rates from Major Banks
From peak highs of mid-20% a few years ago, commercial mortgage rates have cooled significantly down to a baseline of 9.5% to 14.0% per annum:
Financial Institution Starting Interest Rate (p.a.) Key Terms & Features Source / Link
National Savings Bank (NSB) 9.50% (1st Home Owner Loan)
11.00% – 11.50% (General)
• Fixed for 3 years on 1st home scheme up to Rs. 5–10 Mn.
• Repayment up to 20+ years depending on employment.
NSB Lending Rates
Bank of Ceylon (BOC) 10.00% • Maximum quantum of LKR 100 Million.
• 14-day processing window; covers up to 75% of land purchase value.
BOC Housing Loan
Hattion National Bank (HNB) 12.00% (Average baseline) • Minimum monthly income threshold of LKR 100,000.
• Repayment up to 25 years with step-up & residual options.
HNB Home Loans
Commercial Bank 12.00% – 14.00% • Rapid approval windows (within 3 days).
• Quantum spans LKR 500,000 to LKR 50.0 Million.
ComBank Home Loans
Sampath Bank 13.00% (With salary transfer)
14.00% (Without salary transfer)
• Initial 5-year fixed rate benchmarked to monthly AWPLR.
• Covers up to 70% of total land/house project cost.
Sampath Sevana Loans
People's Bank 13.00% – 15.5% (Variable) • "Jayaniwasa" scheme tailored for steady income earners.
• No fixed upper borrowing limits; up to 20 years tenure.
People's Bank Loans

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