Wednesday 30 September 2015

3 BEDROOM APARTMENT FOR RENT AT HAVELOCK CITY


Brand new 3 bedroom apartment for long term rent and it’s quiet!!!

– Furnished
– 1496 sqft
– 3 bedrooms
– 3 bathrooms (including servants)– Large Living area with balcony
– Fully tiled, fully air conditioned
– Servant’s room with separate entrance
– Hydraulic gas
– 01 Parking slot (Can rent another slot if needed)
– Super tight security

Apartment Facilities

– 2 acre garden (Will be 7 acres once the project is complete)
– Swimming pool and gym
– Snacks bar
– Audio Visual Room
– Squash
– Supermarket
– Huge sitting area on the 2nd level
– Reception Hall/ Conference Hall for events

Bills to be borne by the tenant

1. Electricity
2. Water
3. Gas
4. Maintenance
5. Any other utility bill such as TV,Internet, Phone etc

Rent: USD 1800/month
Minimum period of stay: 01 Year
Preferred clients: Working Expats/Foreigners

For further details, please write to info.mistert@gmail.com


3 BEDROOM APARTMENT FOR RENT AT HAVELOCK CITY

Buying Your First Investment Property? Top Ten Tips


  • See For Your Self
You remember seeing it in paper, watching it on TV, and may have impatiently closed it away as it irritatingly peeped at you over your favorite web page. But now that you are interested and consider it as a property worth purchasing, stop planning on what media tells you. Go see it with your own eyes. Virtual impressions can be unbelievably misleading.

  • Walk Around the Place
Once you have set foot on the property inspect it your own way, better if accompanied with a person who knows his way around the place. If it is a seven-storey, visit each of them. Leave no stone unturned. Hype –free, you would realize the actual state of things. Pay attention to what is missing. Leg work pays. But always watch your step.

  • Talk With Neighbours
They are the people who have lived nearby, seen it all these years and hopefully know what it is really behind that fence and what had really happened. You can’t underestimate their opinions in most occasions. Communicating with them also help you to form an idea about the kind of neighbourhood your property is in. Friendly neighbours make life easy and good.

  • Note down the Facilities
These add value to your property. If you are going to rent it out, then see it in the perspective of the prospective tenants. Maybe they would be mainly concerned with the convenience of travel and transportation. So how far is it to the nearest bus-stop / railway station and how frequent are the busses / rails? How far is it to shopping malls, food outlets and entertainment centers? Make a list. Amenities matter.

  • Note down the Drawbacks
The property may be located in an industrial area, close to factory wastage and likely on highly polluted soil.  There can be issues regarding water supply, electricity and telecommunications. Make another list. This one would be more critical than the first. Perhaps it would compel you to abandon the project altogether. Better. Wise decisions come with patience.

  • Understand Pros And Cons
Back at home, in peace and quiet sit down and slowly go over what you had learnt. Compare the two lists. Weigh the positive factors against the negative. If the benefits outstrip drawbacks you are most probably in the right track. At this stage it is prudent to spend some money on in-depth-fact-finding tasks, as follows.

  • Check Legal Background
There is a general belief among us Sri Lankan that if you want to buy property with clear title, Land Sales Companies are the most reliable and trustworthy. Wrong. A myth. Some Real Estates sold by some Land Sales Companies are entailed with so complicated a raft of legal issues that it leaves the buyer entirely helpless. Do not act on presumptions. Hire an experienced lawyer and follow his advice.

  • Send an Architect
It can be waved off as groundless superstition. But an architect qualified in “Vastu Shastra” is a person who can immediately notice the constructional errors of a building within and without. To you and me the structure would look all right, but to him it would not. An architect would inform how much it would cost you to rectify the defects. The fee you pay him may save you years of unwanted repairs and refurbishments.     

  • Send an Assessor
You are informed about the selling price. You are okay with it since you have ample cash at hand. But wait a moment. Are you sure you are about to pay the just price? Don’t you feel that you should, just to be on the safe side, send some knowledgeable person to look over the property one more time and verify that you are not wasting your money,? Send an assessor, you won’t regret it.

  • Calculate Cash Flows
This is an investment you are going to do, so it is all about making a profit. Either you are going to rent the property or resell it when the markets become favorable. Calculate how much your initial cost would be taking into consideration the stamp duty, refurbishment expenses and left over leasing payments. How much interest you would receive if you invest the same amount in the stock market or treasury bills? Is it worth all the trouble? Simplest math is the basis for strongest logic.  


Buying Your First Investment Property? Top Ten Tips

Tuesday 29 September 2015

Sri Lanka to see oversupply in luxury property market: Study

Supply is set to overtake demand at the high end of Sri Lanka’s residential property market, with a series of large-scale projects under way in and around Colombo.
The supply of luxury apartments in the commercial capital could reach 6000 units by 2018-19, according to a recent report by the Research Intelligence Unit (RIU), up from 783 in 2009 and 2657 this year.

Potential for oversupply

Several residential projects are expected to be completed in the years head, including John Keells Holdings’s $850m Cinnamon Life waterfront project, which is billed as the largest private sector investment in the country, according to the company’s website. The 4.5m-sq-foot integrated resort is scheduled for completion in 2018 and will include an 800-room hotel, apartment and office complexes, a convention centre and a shopping mall.
Colombo’s Havelock City mixed-use development is also expanding, investing some $130m to add another four residential towers and nearly 650 units. Other luxury residential projects, such as the Astoria luxury condominium development, two 194-metre Shangri La residential towers and the 240-metre Altair skyscraper, will further add to stock in the city.
Though sales are steady, the increase in the supply of top-end residential units in the capital could outstrip existing demand. “In the premium residential segment, insufficient demand will be a problem,” Pravir Samarasinghe, CEO of Overseas Realty (Ceylon) – the company developing Havelock City – told OBG. “There is a maximum offtake of 500 units a year in Colombo, and there are probably, Read More>>

 


Monday 28 September 2015

Semi Luxury house for immediate sale- near global towers wellwatte




http://www.mylankaproperty.com/wp-content/uploads/2015/09/20140501_102552.jpg
Newly painted and refurbished!

Only for Tamil Hindu/Christian family Please

4.5 perch land! Very well maintained house!

3 story house with balcony and sea view.

3rd floor is large roof top with beach view..

Master bed room has air condition and hot water system.

4 large bedroom all with attached bathrooms.

Large living area and remote control garage.

Beautiful- Kitchen with plenty of shelves and cupboards..

Kitchen has got granite bench top!

balcony on both sides of the house for very good sea breeze.

Whole house is tiled and has a small back yard with the kitchen.

House is located in a very quite place. Not near the main road and also near shops and train station.

4.5 Perch of land

for details please contact-

Mrs Indrani Kalakandan/ Mr Pluenthiran on – 0776170037, 2589625

0716629726 or email

0773322884

Price Neg..Please call to view – !!

Thank you


Semi Luxury house for immediate sale- near global towers wellwatte

Moving Nightmare or Breeze: Your Choice

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After a long heavy tussle you have managed to get your dream property. Now it’s time to move. Moving can be as smooth as a gentle breeze or a walk through a thorny forest depending on how prepared you are. Clearly being unprepared means you will face a lot of problems, and worse comes to worse you may even loose some of your stuff while they are being transported to your new home. To avoid these nightmares you need to keep an open eye on the following points.

1. Strategy… Always Plan

It is always good to start from the end and then move back when planning. Picture yourself in your new home with everything in place. Now work your way back to how you got everything done. Did you move everything by yourself? Or did you hire professional services? Are they available for the day you want to move? When do you need to book them? These are important things you need to consider.

The most important thing to consider next is whether you have the budget to carry out your strategy. Don’t forget to include moves fees, transportation expenses, and insurance. Also keep in mind that there will be some minor expenses which you will need to undertake after moving.

2. Homework on your Movers

What you want to look here will be the license and the insurance offered by the Mover. Do not try to get a quotation over the phone. Always go for onsite- estimates because there is no way anyone can give you an approximate figure without actually seeing the work that is required. Failing to do so will result in disputes and which will result in wastage of time and additional cost. Always remember that cheap can be expensive. Hiring a low mover with the lowest estimate may lead to incompetence. Most experienced mover prepare inventory sheets, make sure you check every item on it before signing off.

3. Proper Packing

Start packing early. We are not talking about packing a simple box, it’s the whole house we are talking about here which will definitely take a lot of time. If you wait for the last moment, things could get very messy.

You know what you value most. Remember to add padding to prevent stuff from moving here and there inside the box which can lead to breakage. Plastic wrapping is a good way to protect if your movers use open vehicles like pickups and Lorries. Have your own inventory sheet prepared so that you can cross check with the one given by your mover. Also note that you may need to leave some stuff behind. It’s sad but it’s one of the dark sides of moving. But make sure that you don’t leave anything of sentimental value because they are priceless.

LABEL THE BOX. This can save you a lot of trouble during the moving and also while unpacking. You can label by box number and can also indicate where you want the box to be in your new home. One way to do it is to make a box out of different color tape on the floor and pack the box that needs to go to that room with same color of tape. This will make unpacking so much easy.


Moving Nightmare or Breeze: Your Choice

Friday 25 September 2015

HOUSE FOR RENT




http://www.mylankaproperty.com/wp-content/uploads/2015/09/house-for-rent-mylankaproperty001.png
Spacious,modern archived designed two stories house in Ethul kotte for rent

6 bedrooms (4 rooms- A/C)

5 washrooms

Study area

Two living areas

Two TV lounges

Rooftop

Hot water

Ample parking

Private garden

Separate maid quarters

Partly furnished

– Surrounded by large tree in a peaceful environment

-Close to international schools,super markets,shopping and restaurants

Contact:0777891155


HOUSE FOR RENT

HOUSE FOR SALE


http://www.mylankaproperty.com/wp-content/uploads/2015/09/HOUSE-FOR-SALE-mylankaproperty002.jpg
Situated Raddolugama, Ganepola three bedroom tiled house 10 perch for sale 10 minutes to katunayaka Airport

please contact : 0771508910/0772601303


HOUSE FOR SALE

Thursday 24 September 2015

MOVING IN TO A NEW COMMUNITY




Bought a new Property and want to get to know your Neighbours? Here are a few tips to get you started and help you settle down in the new community.

Tip 1: Choose the right time to introduce yourself.

Families have family time. That is not the best time for you to go on knocking on their door and introducing you as the new neighbour that is unless you want them to hate you. Depending on the type of person you are, you can walk directly to them and talk or simply start from a warm smile, moving on to a wave and then to a Hi. In order to get them to know you better and vice versa, you need to get them in the correct time. Try to find out what time of the day they are free, relaxed or catch them outside in their front yard.

Tip 2: Equip the Man’s best Friend.

Depending on the community every property has a dog. Having a dog means that you have the perfect tool to connect and start a conversation. You can most probably get any and all information there is to about the services provided within the community for dogs and where to buy the best dog food and which vet to choose if your dog is sick.

Tip 3: The Gathering

Each morning the School bus would come in to pick up the kids. This is a great opportunity to meet the neighbours, well that is those who come out to see their children off to school.  This is also the one time where parents get a chance to breath and starting a conversation over a hot cup of coffee can make wonders for you.

There is also the option of calling in the neighbours to have a short tea party to get to know stuff like the handy man of the community or the street corners to avoid during night time. It is essential that you get to know the people around you as they can provide the insight on the community no one else can.


MOVING IN TO A NEW COMMUNITY

Can a foreigner buy property in Sri Lanka ?




If you had thought about this before 2014, the answer would have been ‘Yes’ and the trick is to pay 100% tax. That is of course in addition to all the other expenses. However, after the LAND (RESTRICTIONS ON ALIENATION) ACT, No. 38 OF 2014, Foreigners cannot buy land or property unless you can fulfil any one of the criteria’s set forth in this ACT under Clause 3(1).

If you can’t buy property in Sri Lanka then you will simply have to move on to the next best thing, Renting Apartments. Under this ACT you can rent property up to 99 years with 7% tax. It also states that a foreigner can only rent an apartment for long period provided it is on or above the 4th floor.

Now that the options are clear the next thing to do is to get a real-estate agent because of the paper work and the complexity of the real estate law in Sri Lanka. The agent will explain the ins and out of the trade providing details on the various costs that you have to bare as the buyer. Most of the time these include but is not limited to the Stamp Duty Fees, Property Survey Fees, and Legal Fees. If you don’t want to inquire additional legal fees to transfer buying rights to the agent via a power of attorney you will need to be in Sri Lanka to complete the purchase. Preferred mode of payment among most sellers is cash transaction which means the best place to do it would be in a reputable bank.

Of course there will be many other ways through which you can cut down on these insane costs. Most Sri Lankan real-estate companies know these loop holes and can assist you in acquiring your dream home. It simply a matter of getting connected to the right people. Bottom line is that if you’re a foreigner and you really want to buy property in Sri Lanka, go talk to a few agents and do a comparison. See how each story unfolds. Get a taste of the real-estate market before you make any huge decisions.


Can a foreigner buy property in Sri Lanka ?

Tuesday 22 September 2015

Cinnamon Life receives 40% bookings at launch

Over 40% bookings have been received for the first tower of the ‘The Residence’ of Cinnamon Life being built by Waterfront Properties , a member of the John Keells Group.

This mixed development project which is Sri Lanka’s biggest ever private sector venture in real estate segment is an 800-room luxury hotel with conference and banquet facilities, 24 storey office space, residential apartments and host of entertainment options. The total investment is US$ 850 million. John Keells Property Group President Suresh Rajendra said that they are happy with the expressions of interest for booking. “A scheme with a fixed guaranteed annual return for a limited number of apartments for a limited period will be available for Cinnamon Life.”

“Another attractive feature is the state of the art, 24 storey office space, half of which will be operated by the developers themselves and the remaining will be sold on an outright basis. We remain steadfast in our commitment to deliver the highest gains for this project.”


Suresh Rajendra, Ajit Gunewardene and Cecil Balmond at the launch. Picture by Ranjith Askanka
“This mixed development project is Sri Lanka’s largest private sector investment. Cinnamon Life, with its vibrant and inspired concept, is a project of significant national importance and will become the epicenter of modern South Asia.”

Internationally renowned architect, artist and engineer, Cecil Balmond,See more >>

Monday 21 September 2015

Sri Lanka government at risk of claims by Chinese port city project - document


Sri Lanka would be exposed to the risk of claims from the firm managing a suspended Chinese-backed real estate project if the government fails to obtain approvals needed by the project within 60 days, a government document showed on Thursday.

The $1.4 billion Colombo port city project was suspended by President Maithripala Sirisena's new government in March because it was found not to have the proper permits and approvals.

In a cabinet paper requesting a six-month extension for the project, Ports Minister Arjuna Ranatunga said the attorney general had brought to his attention that the obligation to obtain the required approvals "for the reclamation works rests with the government".

Ranatunga's cabinet paper comes after CHEC Port City Colombo (Pvt) Ltd, the local company handling the project, proposed two alternative clauses to its original agreement signed last year that would allow the project to be extended by six months.

In the paper, Ranatunga said "if such required approvals cannot be obtained within a period of sixty days as required ... by the project company, the government would be exposed the risk of receiving claims from the project company for losses suffered by the project company as a result of not being able to commence the reclamation work".

Last month Finance Minister Ravi Karunanayake said Sri Lanka is offering a compromise that could allow the port city project to restart, and renegotiating the deal.Read more >>

Sunday 20 September 2015

2 BEDROOM APARTMENT FOR RENT AT HAVELOCK CITY

http://www.mylankaproperty.com/wp-content/uploads/2015/09/apartment-rent-mylankaproperty0091.jpg

2 bedroom furnished apartment for long term rent.


– Furnished

– 1280 Sqft

– 2 bedrooms

– 3 bathrooms (including servants)

– Living area with balcony

– Apartment is on the 4th floor of Park Tower

– Fully tiled, fully air conditioned

– Servant’s room

– Hydraulic gas

– 01 Parking slot (Can rent another slot if needed)

– Super tight security


Apartment Facilities


– 2 acre garden (Will be 7 acres once the project is complete)

– Swimming pool and gym

– Snacks bar

– Audio Visual Room

– Squash

– Supermarket

– Huge sitting area on the 2nd level

– Reception Hall/ Conference Hall for events


Bills to be borne by the tenant


1. Electricity

2. Water

3. Gas

4. Maintenance

5. Any other utility bill such as TV,Internet, Phone etc


Rent: LKR 180,000/month

Minimum period of stay: 01 Year

Preferred clients: Working Expats/Foreigners

For further details, please write to info.mistert@gmail.com



2 BEDROOM APARTMENT FOR RENT AT HAVELOCK CITY

Friday 18 September 2015

Blue Mountain forges partnership with global P&T Group to revolutionize the local real estate industry

Leading real estate giant, Blue Mountain, has entered into a strategic partnership with the Singapore-based P&T Group, in a bid to pioneer landmark real estate projects in the country. The P&T Group is recognized as one of the largest international architectural and engineering practices in the world and the high profile joint venture agreement will provide Blue Mountain with the opportunity to consult P&T on all of its high-end projects, in order to offer greater value and an enhanced experience to its clients. The newly-formed joint venture partners have also forged an advisory alliance, whereby clients can avail of the combined expertise of the two real estate giants on the development of apartment projects.


Dr. Hiran Hettiarachchi (MBBS-Colombo, MBA-Australia), Group Chairman, Blue Mountain Group of Companies, stated, “This momentous coming together of two titans in the real estate industries of Sri Lanka and Singapore, signals the formation of a robust alliance that blends pan Asian expertise with strong domain knowledge. The local real estate sector is poised for growth and many upscale residential and commercial real estate projects are underway. Our tie-up with the P&T Group will add value to our existing dynamic portfolio of real estate services and will enable us to offer a combined fountainhead of expertise in the sector. Together with the P&T Group, we can leverage our joint synergies to create a revolution in the local real estate sector, thereby enhancing the value of our projects and delivering stylish living spaces that are truly inspiring. We are proud to have the P&T Group as a partner in our journey towards contributing to Sri Lanka’s infrastructural and economic development.see more>>

Sri Lanka government at risk of claims by Chinese port city project

Sri Lanka would be exposed to the risk of claims from the firm managing a suspended Chinese-backed real estate project if the government fails to obtain approvals needed by the project within 60 days, a government document showed on Thursday.
The $1.4 billion Colombo port city project was suspended by President Maithripala Sirisena's new government in March because it was found not to have the proper permits and approvals.
In a cabinet paper requesting a six-month extension for the project, Ports Minister Arjuna Ranatunga said the attorney general had brought to his attention that the obligation to obtain the required approvals "for the reclamation works rests with the government".
Ranatunga's cabinet paper comes after CHEC Port City Colombo (Pvt) Ltd, the local company handling the project, proposed two alternative clauses to its original agreement signed last year that would allow the project to be extended by six months.
In the paper, Ranatunga said "if such required approvals cannot be obtained within a period of sixty days as required ... by the project company, the government would be exposed the risk of receiving claims from the project company for losses suffered by the project company as a result of not being able to commence the reclamation work".
Last month Finance Minister Ravi Karunanayake said Sri Lanka is offering a comprom see more>>

2 BEDROOM APARTMENT FOR RENT AT ON320


Brand new 2 bedroom apartment for RENT.

– 20th Floor with a great view of the Harber, City and the Sea

– Fully Furnished

– 907 sqft

– 2 bedrooms

– 2 bathrooms

– Living area with balcony

– Good view of city

– Fully tiled, fully air conditioned

– Hydraulic gas

– 01 Parking slot

– Super tight security

Common Area

– Covered Car parking for each apartment plus an option to purchase additional car parks (based on availability)

– Building Management System

– Standby Power

– Broadband Infrastructure

– Separate Entrance Lobbies in each Tower Over half an acre of landscape garden on the podium level

– Swimming pool, Lap pool & Kiddies pool

– 2,000 SqFt Gymnasium

– 40 Visitor parking slots

– Large Club house and 2 multi-purpose function rooms

– BBQ Pits

– Business Centre

– Squash Court

– Steam Room

– Indoor Games Room

Broker & Agents, please excuse. Strictly serious clients only!

Also note that MR. T is a dual real estate agency and a service fee will be charged from the tenant for the honest and trustworthy service provided. We put your needs before ours.


2 BEDROOM APARTMENT FOR RENT AT ON320

Thursday 17 September 2015

3 STOREY HOUSE FOR SALE AT HORTON PLACE – COLOMBO 07

Rooms: 8
Bedrooms: 8
Bathrooms: 8
Parking: Yes
No. Of Floors: 3
Floor Area: 10,000 + Sqft

Area Of Land: 24 perches