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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

GAMPAHA

(1.11.2025)

House (3922)

No of pchs: 16.71

No of bed rooms:04

No of floors: 02

Floor area: 2800 sq.ft

A well maintained spacious two storied house at Sadun yana-Pituwalgoda rd=-Yakkala

Price: Rs.45,000,000/-

Details

GALLE

House (3930)

(30.11.2025)

No of pchs:  22

No of bed rooms: 06

No of floors:02

Floor area: 3,000 sq.ft

An architect designed luxury & spacious house

(fully furnished) at Donald Janz mw-Dangedara.

Rent: Rs.250,000/-pm

Details

KANDY

(10.11.2025)

Bare land (3923)

No of Acres: 12.5 (2000 pchs)

A prime land with a scenic view at Belwood road-Galaha (20 Km from Peradeniya)

Price: Rs.24,000,000/-

(For the full land)

Details

COLOMBO-04

LEASE

Apartments (3903)

No of bed rooms: 02 each

Total floor area: 1550 sq.ft

 apts on the 4th & 1st floors of a building at Kothlawala Gardens (Bet the Galle rd & the Marine drive)

Rent:

Rs.175,000/-pm

(fully furnished-includes linen, cookery & wifi)

Details

BATTARAMULLA

Bare land (3924)

(12.11.2025)

No of pchs: 11.5

A prime land at 6th Lane Prasanna mawatha off Pipe road-Koswatte

Price: Rs.2,100,000/-per pch

Details

PANADURA

LEASE

No of pchs:10

No of bed rooms:04

No of floors:02

Floor area: 3600

A luxury & spacious house on a private rd off Bodirukkama road (off Galle rd aprox 1.5 Km from Panadura junction)

Rent: Rs.125,000/- pm

(semi furnished)

Details

COLOMBO-05

Bare land (3925)

(13.11.25)

No of pchs: 10.24

A prime land at Lionel

Edirisinghe mw-off Seibel avenue (with provisions for expansion)

Price: Rs.8,800,000/-(per pch)

Details

RAGAMA

LEASE

Bungalow (3912)

No of pchs: 160

No of bed rooms: 03

Total floor area:   2000 sq.ft

A single storied newly refurbished bungalow with a large garden area facing Kurukulawa-Dalupitiya road

Rent: Rs.350,000/-

(fully furnished)

Details

MT.LAVINIA

Land with a house (3926)

(14.11.2025)

No of pchs: 17.4

A prime land with an 08 bed roomed two storied livable house at D.R.Wijesiriwardena rd (close to the Mt.lavinia junction)

Prices: 4,900,000/-(per pch)

Details

COLOMBO-10

LEASE

Building (3863)

No of floors: 03 plus RT

No of rooms: 04

Floor area: 6,000 sq.ft

A spacious building with a fully covered roof terrace at Vipuasena mawatha

Rent: Rs.600,000/-pm

(for the full building)

Details

KANDANA

House (3927)

(18.11.2025)

No of pchs: 12

No of bed rooms: 06

Total floor area: 3200 sq.ft

A luxury & spacious two storied (two unit house) at Church road (500 meters to Kandana junction)

Price:Rs.50,000,000/-

(negotiable)

Details

WATTALA

SALE

Land with house (3859)

No of pchs: 20

A prime land with a five bed roomed livable house at 2nd Cross rd-Hekitta road (about 50 meters from the Colombo-Negombo main rd)

Price: Rs.6,000,000/-pp

Details

DEHIWELA

Apartments (3928)

(17.11.2025)

No of bed rooms: 03 & 04

Floor areas:

Ranging from 1328 to 1430 sq.ft

Three & four bed roomed apts (with pool & gym) coming up at Hospital terrace-Kalubowila

-Open for bookings..

Prices: Ranging from  Rs.50,000,000/-upwards..

Details

NAWALA

LEASE

House (3890)

No of pchs: 9.95

No of bed rooms:04

No of floors: 03

Floor area: 3500 sq.ft

A luxury & spacious three storied house at Fifth lane (200 meters from Nawala rd)

Rent: Rs.300,000/-pm

Details             

MT.LAVINIA

Land with a building (3929)

(25.11.2025)

No of pchs: 15

A prime land bordering the beach (after the railway line) down Beach road

Price Rs.4,500,000/-per pch

Details

GALLE

LEASE

Apartment (3867)

No of rooms: 03

Floor area: 750 sq.ft

A newly built luxury apartment with a magnificent sea view

on the 6th floor of Richmond hill

residencies-Wekunagoda

Rent: Rs.85,000/- pm

(fully furnished)

Details

Athurugiriya Mention (ASF-34)

No of bed rooms:-02

Floor area: 850 sq.ft

A two bed roomed apt 2nd floor of Odiliya res-Bakmeegaha rd

(near the Highway exit)

Rs.18,000,000/-

0714920402

Mention (ASF-34)

Colombo-03 (ASF-35)

No of bed rooms:-02

Floor area: 1100 sq.ft

A spacious apt at AStoriaa res-Duplication rd (Opp Mahanama)

Rs.85,000,000/-

0714920402

Mention (ASF-35)

Colombo-03 (ASF-29)

No of bed rooms:-03

Floor area: 1500 sq.ft

A spacious apt on the 1st floor of Palm courts res-6th Lane (next rd to Durdans)

Rs.60,000,000/-

0714920402

Mention (ASF-29)

Colombo-03 (ASF-31)

No of bed rooms:-02

Floor area: 22000 sq.ft

A luxury apt at Crestcat on the 16th floor with sea & Lake view

Rs.75,000,000/-

0714920402

Mention (ASF-31)

Colombo-04 (ASF-32)

No of bed rooms:-02

Floor area: 1000 sq.ft

A newly renovated apt 1st floor of Bambalapitiya flats-Galle rd

Rs.39,000,000/-

0714920402

Mention (ASF-32)

Colombo-05 (ASF-33)

No of bed rooms:-02

Floor area: 800 sq.ft

A two bed roomed ground floor apt at

Edmonton res-Baseline rd (rd adj HNB)

Rs.21,000,000/-

0714920402

Mention (ASF-33)

Colombo-06 (ASF-24)

No of bed rooms:-03

Floor area: 1430 sq.ft

3  bed luxury apts on the 2nd & 4th floors of Global tower hotel-marine drive

Rs.52,000,000/-

0714920402

Mention (ASF-24)

Colombo-06 (ASF-28)

Three bed apt on 6th floor of a Condo at Rudra mw-Road view 1550 sq.ft

Mention (ASF-28)

Colombo-09 (ASF-44)

Three bed apt on 6th floor of AScon res-Baseline rd

1145 sq.ft

Mention (ASF-44

A four bed roomed two storied house & an annex on 20.18 pchs at Privena Gardens (facing Pirivena rd & bordering Pirivena Gardens near Parama Dhamma Cheithiya temple) 

Rs.52,000,000/-

0714920402

Mention (BLF-50)

Ratmalana (BLF-49)

39.3 pchs land with wide Galle rd frontage opp the Colonne Petrol stn at Ratmalana

Rs.6 mil pp

0714920402

Mention (BLF-49)

25 pchs land at Gangadara mw off Templars road (close to the Carlton pre school)

Rs.3.5 mil pp

0714920402

Mention (BLF-48)

Ratmalana (BLF-63)

20 pchs facing Park rd

(adj Sampath bank-Ratmalana)

Rs.5.5 mil pp

0714920402

Mention (BLF-63)

10.85 pchs on a wide private rd off Airport rd (close to the Bata factory)

Rs.3.3 mil pp

0714920402

Mention (BLF-46)

10 pchs rear block at Abeyratne mawatha (walking distance to the junction)

Rs.2 mil pp

0714920402

Mention (BLF-45)

10 pchs with a house at Senanayake ave (off Station rd close to the Marine drive)

Rs.8.5 mil pp

0714920402

Mention (BLF-44)

7.5 pchs with an old house at Poorwaarama rd-Kirulapone

Rs.6.7 mil pp

0714920402

Mention (BLF-43)

50 pchs with an old house at Athula mw end of Pirivena rd

Rs.3.6 mil pp

0714920402

Mention (BLF-42)

18.5 pchs 2nd Circular rd Ransiri Uyana Korathota

Rs.600,000/- pp

0714920402

Mention (BLF-41)

10.67 pchs of sq land facing Wijayamangalarama rd & bordering a private road at Kalubowila-Dehiwela

Rs.6 mil  pp

Location

https://maps.app.goo.gl/imCdy

GFeFzJ2XkTf6

0714920402

Mention (BLF-40)

08 pchs Govikam pedesa off Rathanapitiya rd

Rs.2.5 mil  pp

0714920402

Mention (BLF-39)

10 pchs land on a 10ft wide private rd off Anderson rd Kalubowila

Location https://maps.app.goo.gl/ccpx1

Nnw1B8uFFPV6

Rs.4.6 mil  pp

0714920402

Mention (BLF-36)

Two 10 pch blocks adj each in a gated community area down Chakindarama rd (200 meters from the Galle rd Photos & details

Rs.3.8 mil  pp

0714920402

Mention (BLF-38)

115 pchs at Liyanagoda near Pulinatharama temple Habaraduwa

Rs.500,000/-  pp

0714920402

Mention (BLF-37)

20 pchs with a sold two storied house on a wide private rd off Templar's rd (adj Span tower opp Vidyalaya rd close to the Galle rd)

Rs.6 mil  pp

0714920402

Mention (BLF-51)

Ratmalana (HSF-32)

No of pchs: 17.9

No of bed rooms:-04

Floor area: 3000 sq.ft

Two storied house in a highly residential area at Sirimal Uyana

Rs.95,000,000/-

0714920402

Mention (HSF-32)

Mt.Lavinia (HSF-29)

No of bed rooms:-05

Floor area: 3000 sq.ft

Two storied 5 bed house at Hena rd (150 meters from the Galle rd adj the new sports complex)

Rs.65,000,000/-

0714920402

Mention (HSF-29)

Malabe (HSF-31)

No of bed rooms:-03

Floor area: 3000 sq.ft

Two storied new house in a gated community behind Nevile Fdo hospital-Welivita

Rs.25,500,000/-

0714920402

Mention (HSF-31)

(3.11.2025)

TOYOTA PIXIS JOY (C154)

2016,37,000Km 650 cc Petrol 1st owner Green / White

(Borella)

Price: 6,800,000/-

Details     

(3.11.2025)

NISSAN LEAF (C155)

2012, 150,000 Km 2nd owner

Price: 4,400,000/-

(Rajagiriya)

Details      

(3.11.2025)

BENZ C-180 (C156)

2016,38,000 Km 1600cc Petrol

3rd owner

Price: 20,000,000/-

(Col-06)

Details       

(3.11.2025)

TESLA MODEL Y (C157)

2023,7000 Km Elec,1st owner

Price: 25,000,000/-

(Delkanda Nugegoda)

Details        

(3.11.2025)

BENZ E-200 (C158)

2015,43,000 Km,20000 cc Petrol

3rd owner

Price: 25,200,000/-

(Nawala)

Details         

(14.11.2025)

KIA SORENTO SUV (C159)

2012 160,000 Km 2200 cc Diesel 2nd owner White color

Price: 13,000,000/-

(Ratmalana)

Details         

(14.11.2025)

TOYOTA HILUX PICK UP (C160)

LN166 1998 193,000Km 2800cc Diesel Grey color

Price: 7,200,000/-

(Colombo 03)

Details         

(14.11.2025)

MERCEDES BENZ CLA-180 (C161)

AMG Line 1400 cc 34,000 Km Petrol Turbo 3rd Owner White color

Price: 22,500,000/-

(Kirulapone)

Details         

(14.11.2025)

SUZUKI SWIFT CAR (C162)

2009 115,000Km 1300cc Petrol 2nd Owner White color

Price:6,000,000/-

(Mulleriyawa)

Details         

(14.11.2025)

BENZ VITO (C163)

2017 66,000Km 2200 cc Diesel 2nd owner, silver color

Price: 28,500,000/-

(Kohuwela)

Details         

(23.11.2025)

TOYOTA DOUBLE CAB (C164)

2025 unregistered brand new

2800 cc Diesel

Price: 20,850,000/-

(Kottawa)

Details          

(23.11.2025)

BMW JEEP X540E (C165)

2016 85,000km 2000 cc Hybrid Triptonc 2nd Owner

Price: 26,600,000/-

(WTC weekdays)

Details           

(23.11.2025)

TOYOTA FORTUNA JEEP (C166)

2013 210,000  Km 3000 cc Diesel Pearl white

Price: 20,600,000/-

(Maharagama)

Details            

(23.11.2025)

TOYOTA YARIS CAR (C167)

2023 Unregistered 1000 cc Petrol Pearl white

Price: 10,600,000/-

(Ratmalana)

Details            

(23.11.2025)

AUDI Q2 CAR (C168)

2018 225,000Km 1000 cc Petrol Trip tonic 1st Owner

Price: 13,000,000/-

(Veyangoda)

Details             

Aircraft for sale & rent

in Sri Lanka

Regular flts to Jaffna & back 

Scheduled & charter flts to key destinations in Sri lanka  

Charter flts to key destinations in Sri lanka 

Charter flts outbound from

Sri lanka 

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                                                                                                          

REAL ESTATE NEWS

Sri Lanka's real estate market is in a phase of strong recovery and growth in 2025

Driven by economic stabilization, increased foreign investment, and significant urban development projects like Port City Colombo. Land and apartment prices, particularly in the Western Province, have shown notable appreciation in foreign currency terms, compensating for past currency fluctuations. Key Market Updates (as of late 2025) Market Growth and Forecast: The total real estate market is projected to reach US$558.10 billion in 2025, with the residential segment being the largest contributor.

The market is expected to demonstrate a steady compound annual growth rate (CAGR) of around 2% through 2029. Price Appreciation: Land Prices: Land values, especially in the Colombo district and its suburbs (like Piliyandala and Athurugiriya), have surged, with the overall Western Province seeing an average year-on-year increase of 12% in 2025. Apartment Prices:

The apartment market is stabilizing and prices in Colombo, measured in USD, have recovered to a positive capital gains territory for investors who bought in 2021. Investment Drivers: Foreign Investment: Government incentives, a stable economy, and attractive pricing compared to other Asian hubs (e.g., Singapore, Dubai) have led to a 33% increase in international buyer interest. Urbanization: Rapid urbanization (projected to reach 70-80% by 2030) is driving demand for high-end residential, commercial, and mixed-use developments, especially in major urban centers and well-connected suburbs. Tourism:

The recovering tourism industry has increased demand for beachfront properties and luxury villas, particularly along the southern coast in areas like Galle. Key Projects: The Port City Colombo development is a major game-changer, envisioned as a multi-service Special Economic Zone (SEZ) offering significant tax incentives, 100% foreign ownership, and luxury residential/commercial spaces to attract global investors and high-net-worth individuals. Financing:

The Central Bank's easing of monetary policy has resulted in lower home loan interest rates (averaging around 10%), making property ownership more accessible for local middle-income buyers. Developer Activity: Developers are actively launching new projects, and several that were previously on hold have reached completion, adding new inventory to the market. Overall, the market is characterized by cautious optimism and a transition from speculative activity to long-term, structured investment.

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Sri Lanka’s property sector is showing renewed signs of strength, with Colombo at the centre of rising land values, major acquisitions, and a recovering apartment market that is drawing the attention of both local and international investors.

According to EconomyNext, land prices in the Colombo district rose by 7.7 percent in the second quarter of 2025, underscoring the renewed momentum in the capital city’s property landscape. This growth comes on the heels of increasing investor interest, reflected in record-breaking land transactions and a steady appetite for apartment living despite broader economic challenges.

Record deals signal confidence

Earlier this year, Newswire reported that Home Lands Group acquired a Colombo property valued at Rs. 4.5 billion, marking the largest land deal in the city’s history. The transaction is widely seen as a signal of long-term confidence in the market and a turning point for the property sector after years of economic turbulence.

The momentum has not been confined to headline-grabbing deals. As Lankasara highlighted, Colombo’s property market has been recording steady growth, with demand bolstered by urban expansion, infrastructure projects, and rising middle-class aspirations. Industry experts note that these factors are creating a more favourable investment climate, particularly in prime districts.

Apartments emerge as a strong asset class

While land remains an attractive proposition, apartments are emerging as one of the most resilient asset classes in Sri Lanka. The Financial Times recently posed the question of whether residential apartments are the “best asset class in town,” pointing to their relative stability and long-term appreciation potential. Apartments not only appeal to end-users seeking urban convenience but also offer investors the promise of capital gains and rental income, particularly in sought-after Colombo neighbourhoods.

Supporting this trend, Sri Lanka Guardian analysed the corporate role in housing, noting that developers and large-scale firms are reshaping Colombo’s urban fabric through new condominium and mixed-use projects. With demand for vertical living accelerating, the apartment segment continues to gain ground as a preferred investment avenue.

Data confirms apartment market recovery

Roshan Madawela, Founding Director and CEO of Research Intelligence Unit (RIUNIT) and a member of the Judging Panel of the PropertyGuru Asia Property Awards (Sri Lanka), believes the recent recovery is a pivotal moment for the sector.

“When conducting the latest analysis of our real estate data (Q3 2025), one of the most positive observations that can be made is with respect to the recovery of the apartment market prices as a whole in Colombo measured in USD,” he said. “Whilst average apartment prices, measured in LKR did continue to witness an upward incline, even during Covid and the economic crises, much of the trend can be attributed to the unprecedented currency depreciation that took place in 2022. This rendered the LKR as somewhat useless as a tool to gauge the property market trends, especially if you are an international investor.”

“However, the recovery in USD and other major currencies is all the more impressive because it withstood the depreciation and have since compensated for the drop in value of the LKR. Simply put, if you purchased an apartment property in Colombo in 2021 in foreign currency, you experienced some volatility in prices during 2022/23 but by 2024/25, you are in positive capital gains territory.”

His assessment underscores why Colombo remains attractive to investors, with the city now offering measurable returns in foreign currency terms despite past economic volatility.

Land market shows resilience

Parallel to the apartment market, Colombo’s land sector has demonstrated remarkable resilience. Another Financial Times report observed that demand has been rising steadily across various segments of the land market, driven by a combination of infrastructure upgrades, aspirational buyers, and long-term confidence among developers.

This resilience is evident in both prime city-centre locations and emerging suburban hubs, where affordability and connectivity are drawing sustained buyer interest. Analysts suggest that as infrastructure networks expand, the land market will continue to provide strong opportunities for capital appreciation.

Developers at the forefront of transformation

Within this growth story, developers are playing an increasingly pivotal role in shaping Colombo’s property landscape. Home Lands Skyline (Pvt) Ltd, as previously mentioned, has not only been at the centre of the city’s largest land deal but also emerged as a major force in the residential development space.

At the 2024 PropertyGuru Asia Property Awards (Sri Lanka), Home Lands Skyline was named Best Developer, underscoring its contribution to the sector’s growth and innovation. The company’s projects also earned accolades in key categories:

Best Luxury Condo Development (Colombo): Waterdale Residencies, bordering Colombo 7 Best Waterfront Condo Development: Oceana Beach Resort Apartments & Villas – Wadduwa These recognitions illustrate how Colombo’s growth trajectory is being supported by projects that combine luxury, sustainability, and international appeal. By delivering high-quality residences, developers like Home Lands Skyline are not only enhancing Colombo’s skyline but also reinforcing investor confidence in Sri Lanka’s real estate market.

Building long-term confidence

As Sri Lanka’s property market rebounds, stakeholders are now turning their focus towards long-term sustainability and investor assurance. Analysts argue that stability in currency markets, transparent regulations, and continued urban development will be critical in translating the current momentum into durable growth.

For developers and policymakers, this means prioritising affordability alongside luxury, ensuring infrastructure keeps pace with demand, and maintaining regulatory clarity for both local and foreign investors.

Outlook: A cautious but positive trajectory

While challenges remain, the prevailing mood in Colombo’s property market is one of cautious optimism. Land and apartment values are rising, landmark transactions are being sealed, and award-winning developments are setting benchmarks for design and quality.

The resilience observed during past crises, coupled with the recovery in foreign-currency denominated property values, highlights the sector’s adaptability. With careful stewardship, Colombo is well positioned to cement its status as a competitive real estate destination in South Asia, offering both stability and long-term gains for investors.

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