Monday 29 February 2016

BRAND NEW THREE BED ROOMED LUXURY APARTMENT FOR LEASE

https://www.mylankaproperty.com/wp-content/uploads/2016/03/apartment-for-sale-mylankaproperty-009.jpg

Property Code No. APTL-COL-02-2303


A BRAND NEW THREE BED ROOMED LUXURY APARTMENT WITH A PANORAMIC VIEW SITUATED ON THE 31 ST FLOOR OF THE TOWER-01-ON 320 RESIDENCIES-UNION PLACE-COLOMBO-02-FOR LEASE


LOCATION:

This brand new luxury apartment is situated on 31st floor of one of the latest exclusive luxury condominium building in Colombo (just completed) situated facing Union place (former Singer head office premises) in a centralized very convenient & well secured location situated with close proximity to supermarkets, leading International as well as local schools, also close to banks, the Jaic Hilton as well as several other five star hotels, many commercial establishments, several diplomatic missions etc.etc, it is only about five minutes drive to the Colombo city center & close to most of the towns in & around Colombo & the suburbs, from this location.


DESCRIPTION:

It is a luxury & spacious three bed roomed apartment, elegantly furnished & situated on the 31st floor of tower 1 of the on320 residencies with a spectacular city, harbor & partial sea view, the apartment consists of a spacious sitting & dining room, three bed rooms including a spacious master bed room with an attached bathroom, another visitors bathroom, an elegant pantry area with fitted cup birds, a maids room with a separate toilet & a balcony area with a magnificent view.


FACILITIES:

The apartment consists of fully tiled flooring, has three phase electricity supply with four air conditioners as well as fitted ceiling fans, has pipe borne water supply with hot water facilities &:an centralized overhead tank for storage, all of the inner doors are made using quality wood, the pantry cupboards are made using stainless steel Aluminum sheets, all of the bathrooms are fitted with standard imported sanitary ware & consists of individual shower cubicles, the apartment consists of quality new furniture & equipped with all electrical appliances.


The complex consists of three towers (with each tower consisting of 37 levels & 150 apartments on each tower), consists of a five level parking, there is a common facilities area on sixth level of tower-2 (which connects to the other two towers as well) which consists of a large swimming pool with a separate baby pool, a children’s play area, separate BBQ area with pits, a jogging track, a gym, a games room, two banquet halls, squash courts, a business center etc.etc.


Also includes parking facilities,24 hour security, regular maintenance & garbage disposal facilities as well.


SUITABLE FOR:

Foreigners, As well as Lankan expats



BRAND NEW THREE BED ROOMED LUXURY APARTMENT FOR LEASE

Friday 26 February 2016

FAIRWAY ELEMENTS-BUTHGAMUWA ROADS-RAJAGIRIYA in perfect harmony

https://www.mylankaproperty.com/wp-content/uploads/2016/02/apartment-for-sale-mylankaproperty-003-4.jpg

Property Code No. FAIRWAY-ELEMENTS


Expected Completion 2018.

Freehold title with 40 Levels and 130 Units.

3 bedrooms and 4 bedrooms apartments available with 2 Duplex Type Penthouses, with spectacular City and Lake view options.

Project Partners

Developer : Fairway Elements (Pvt) Ltd

Consultants Architects : Archt. Mohan Silva (Urban Design Partnership)

Structural Designer & Main Contractor : Maga Engineering (Pvt) Ltd

Amenities & Features


A terrace and family area, opening to infinite space a unique feature to this development Two ( 2) car ports with every apartment Fully Fitted with State of the art imported kitchen cabinetry and energy efficient electrical appliances. Clean drinking water on the tap Residents are offered a range of amenities including a full length Swimming Pool, Kiddies Pool, Banquet Hall, a multitude of Recreational Areas, Gymnasium, Lounge, Meeting Room, and a Drivers Lounge. Residents get a free membership at the Fairway Sports Complex that has facilities for Tennis, Badminton, Basketball and Squash. It also has a Clubhouse/Diner for the convenience of the members.


Booking procedure:


10% – Reservation Balance 80% to be paid in equal 8 installments 10% – Completion / Handover of Apartment

**Based on client requirement, payment plans can be negotiated.

Loan and Mortgage Facilities

Tri-party agreement with HNBBank and we could facilitate your loan


mylankaproperty-001



FAIRWAY ELEMENTS-BUTHGAMUWA ROADS-RAJAGIRIYA in perfect harmony

Wednesday 24 February 2016

HOUSE FOR SALE IN MAHARAGAMA

https://www.mylankaproperty.com/wp-content/uploads/2016/02/home-for-sale-mylankaproperty-003-1024x575.jpeg

27 Perches, solidly built, spacious house down Temple Road. 400M walk to Maharagama Town & Pamunuwa wholesale area, and 10 minute drive to the Kottawa Expressway.


It has 4 large bedrooms with attached bathrooms, large hall, spacious dining room, pantry, large kitchen, 2 store rooms, large garage with overhead slab, servant toilet and roof level water tank. House is surrounded by garden and front lawn and 3 sides of the property is secured by a high wall and a Chain link fence in the front lawn. Parking space available for 4 vehicles and entrance to the property from 3 gates.



HOUSE FOR SALE IN MAHARAGAMA

Thursday 18 February 2016

FOUR BED ROOMED LUXURY HOUSE FOR SALE

https://www.mylankaproperty.com/wp-content/uploads/2016/02/house-for-sale-mylanlaproperty-001.jpg

Property Code No. HPS-NUG-2298


A FOUR BED ROOMED LUXURY HOUSE SITUATED ON A PRIVATE ROAD OFF NAWALA ROAD-NUGEGODA-FOR SALE


LOCATION:

This house is situated in a tranquil & peaceful highly residential & well secured convenient location close to the Nugegoda junction & is situated with close proximity to supermarkets, schools, hospitals, banks etc, it is only about twenty minutes drive to the Colombo city center & close to most of the towns in & around Colombo & the suburbs, from this location.


DESCRIPTION:

It is an architect designed newly built luxury house with a small front courtyard & a double enclosed car porch with an automated roller door, the ground floor consists of a sitting & dinning room area built on two split levels, one bed room with an attached bathroom, an elegant pantry with fitted cupboards & a servants room with a separate toilet.


The upper floor consists sitting room cum TV lounge area, three bed rooms including a master bed room with an attached bathroom, another common bathroom & two balcony areas.


FACILITIES:

The house is fully tiled, has three phase electricity supply with six air conditioners as well as fitted ceiling fans for all of the areas, has pipe borne water supply with hot water facilities & an centralized overhead tank for storage, all of the doors, windows & the pantry cupboards are made using quality wood, the sitting & dinning room areas are fitted with imported light fittings, the stairway is fitted with stainless steel railings, all of the bathrooms are fitted with standard imported sanitary ware & consists of individual shower cubicles, the upper floor consists of high roofed polished wooden ceiling & the house is solidly built using quality material.


SUITABLE FOR:

Foreigners, As well as Lankan expats



FOUR BED ROOMED LUXURY HOUSE FOR SALE

Wednesday 17 February 2016

A BRAND NEW THREE BED ROOMED LUXURY APARTMENT FOR SALE OR LEASE

https://www.mylankaproperty.com/wp-content/uploads/2016/02/apartment-for-sale-mylankaproperty-013-1.jpg

Property Code No.APTL-COL07-2297


A BRAND NEW THREE BED ROOMED LUXURY APARTMENT AT SEVENTH SENSE RESIDENCIES-GREGORY’S ROAD

(OPP. THE AUSTRALIAN HIGH COMMISSION)-COLOMBO-07-FOR SALE OR LEASE


LOCATION:

This luxury & spacious brand new apartment is situated on the 2nd floor of the just completed (Jan 2016) Seventh sense condominium complex situated opposite the Australian High commission down Gregory’s road in a high residential as well as commercial exclusive area in Colombo-07 with several diplomatic missions in the vicinity & is situated with close proximity to supermarkets & shopping malls, leading International as well as local schools, also close to banks, hospitals, places of worship, the post office etc, it is only about five minutes drive to the Colombo city center & close to most of the towns on & around Colombo & the suburbs, from this location.


DESCRIPTION:

It is an brand new luxury & spacious three bed roomed apartment & consists of a spacious sitting & dinning room,three spacious bed rooms including a master bed room with an walk in wardrobe, two attached bathrooms, a visitors bathroom, an elegant pantry area with fitted cupboards & an oven an overhead hob, a utility room, a store room & a maids room with a toilet & an service entrance.


FACILITIES:

The apartment consists of Teak wooden & Granite flooring, has three phase electricity supply with four split type air conditioners, has pipe borne water supply with hot water facilities & an centralized overhead tank for storage, the sitting, dinning & the bed rooms are fitted with imported light fittings, all of the inner doors & the pantry cupboards are made using quality Teak wood, the windows are fitted with tick Tampered glass panes & Powder coated Aluminum frames, all of the bathrooms are fitted with standard imported sanitary ware & consists of individual shower cubicles & a bathtub,the apartment could be furnished, if required.


The building consists of many common facilities such as 24 hour security, parking facilities (with two car parks for this apt which is uncommon),a meeting room, a gym, a common roof top terrace area with a swimming pool, a BBQ area, a children’s play area & a magnificent view, regular maintenance & garbage disposal facilities etc.


SUITABLE FOR:

Foreigners, As well as Lankan expats,



A BRAND NEW THREE BED ROOMED LUXURY APARTMENT FOR SALE OR LEASE

Sunday 14 February 2016

BRAND NEW THREE STORIED BUILDING FOR SALE

https://www.mylankaproperty.com/wp-content/uploads/2016/02/commercial-property-for-sale-mylankaproperty-001.jpg

Property Code No. BLDGS-MTL-2296


A BRAND NEW THREE STORIED BUILDING (CONSISTING SIX APT UNITS BUT NOT AS A CONDOMINIUM BUT AS A COMMERCIAL BUILDING) SITUATED AT DE SERAM ROAD (CLOSE TO THE St.THOMASES COLLEGE ENTRANCE AND THE BEACH)-MOUNT LAVINIA-FOR SALE


LOCATION:

This building is situated in a highly commercialized as well as residential ,well convenient location (opp the Old Thomian swimming club adj the Beverly Hills hotel) & is situated with close proximity to shopping malls & supermarkets, leading International as well as local schools, the Berjaya Hotel, the Mount Lavinia Hotel & several other beach resorts as well as restaurants & fast food outlets, to hospitals, ,places of worship, the post office, the Galle road & the beach etc,it is only about twenty minutes drive to Colombo city center & close to most of the towns in & around Colombo & the suburbs from this location.


DESCRIPTION:

Its a brand new three storied building with a common roof terrace consisting of six apartments with two apartments on each floor, the ground floor consists of two apartments with two bed rooms each & each unit consists of a spacious sitting & dinning room, two bed rooms including a spacious master bed room with an attached bathroom, another common bathroom, an elegant pantry area with fitted cupboards, a separate maids toilet, the first & second floors consists of two three bed roomed apts each & each unit consists of a spacious sitting room & dinning room, three bed rooms including a spacious master bed room with an attached bathroom, another common bathroom, an elegant pantry with fitted cupboards & two balconies each.


GARDEN:

There is a common cemented front garden area with parking facilities for about six vehicles plus a roof top terrace with a partial sea view.


FACILITIES:

All of the floors are fully tiled, has three phase electricity supply with individual split type air conditioners for all of the areas as well as fitted ceiling fans, has pipe borne water supply with hot water facilities & individual overhead tanks, all of the doors, windows & the pantry cupboards are made using quality wood, the sitting ,dinning & the bed rooms are fitted with imported light fittings, all of the bathrooms are fitted with standard imported sanitary ware & consists of individual shower cubicles & a bathtub.


The building consists of parking facilities for about six vehicles within the premises, a common rof top area, a common stairway connecting all the floors & the roof top terrace.


SUITABLE FOR:

Idealy suited for a small hotel / guest house, institute, office or any other similar commercial use



BRAND NEW THREE STORIED BUILDING FOR SALE

Friday 12 February 2016

Sri Lanka to start $40 Billion Massive Development Project

https://www.mylankaproperty.com/wp-content/uploads/2016/02/development-1024x534.jpg

Maithripala Sirisena, the president of Sri Lanka announced on January 29th a $40 billion massive development project. The project is to build a new city over the next 15 years to attract more foreign investors.


The project is expected to include industrial parks, sports complexes, IT centers and other infrastructure services. The new metropolitan city will be covering over 3,700 square kilometers.


However there is a massive question mark whether this project is feasible due to the national debt of Sri Lanka.  The situation gets more serious because of the large budget deficit.


The main focus of the project is to gain more foreign investments from well capable countries in Asia like China and India.


No details of the  project has been unveiled yet.


According to the president this is the first step initiated by the new government to make Sri Lanka a developed nation.


The government hopes to win parliamentary approval for this project within the next six months and start working on the project by end of 2016.


The projects also includes $1.4 billion real estate project, funded by China. This project was suspended by the government last year because of lack of proper permits but resumed after getting the approval of the government.


The projects also includes apartments, shopping malls, hotels, golf course and etc.  



Sri Lanka to start $40 Billion Massive Development Project

Akila Eranga

https://www.mylankaproperty.com/wp-content/uploads/2016/02/Agent-mylankaproperty.png

Akila Eranga

Thursday 11 February 2016

BRAND NEW LUXURY APARTMENTS OPEN FOR BOOKING NOW

https://www.mylankaproperty.com/wp-content/uploads/2016/02/apartment-for-sale-mylankaproperty-001-2.jpg

Property Code No. DESTINY


BRAND NEW LUXURY APARTMENTS (UNDER CONSTRUCTION-READY FOR OCCUPATION BY DECEMBER 2017) AT DESTINY MALL AND RESIDENCY-JUSTICE AKBAR MAWATHA (FORMER ELEPHANT HOUSE PREMISES (COLOMBO-02-OPEN FOR BOOKING NOW


Imperial Builders a BOI approved company is a subsidiary of the Lakhani Group established in Pakistan in 1979 and has extensive experience in the field of real estate development. Their success story spans over 35 years of experience in the construction industry having developed multiple mega projects, residential units, condominiums, resorts, hotels, commercial office projects, shopping malls and until this stage they have delivered 65,000 houses and 4.5 Million square feet of Commercial Space across Pakistan. In addition to Imperial Builders, the Lakhani Group has 15 other Companies under its umbrella, serving in different fields such as education, textile manufacturing, hospitality, trading, IT, fashion, Health and Finance


Destiny Mall & Residency consists of 27,000 sq/ft of retail space, a supermarket, two 3D cinemas, bowling alleys, food courts; kiddies play area, 7 guest rooms and much more, making it very attractive to the rental investment market. The apartment amenities include an infinity pool and deck on the 6th level, a business centre, his and her gymnasium and a 200 capacity banquet hall and ample visitor parking.


Investment Highlights


Brand new apartments in one of Asia’s top most developing cities.

44 Storied single tower luxury apartment complex with 2,3 & 4 bedroom apartments inclusive of parking.

Freehold titles

Completion (approximately) December 2017

Low deposit and convenient monthly payment structure.

Walking distance from all Colombo based 5 Star Hotels.

In the heart of Colombo CBD.

Tailored towards professionals

Inclusive of Mall with all conveniences for everyday living.

Project in collaboration with the UDA

Special Offers:

Up to 10% discount of total price.

No interest charges. The value you finalize today is what you will pay over the period of investment

1 Year Defect Liability

The purchaser may call on the builder within 360 days from handover to assist with any defect related repairs free of charge.

Priced well for a wise investment choice

It is comforting to know that you can purchase a very high quality apartment substantially below the median Colombo CBD property price. According to the Real Institute surveys conducted in 2014 the average selling price of the neighbouring apartment projects range from US$300 to US$400 per sqft.

With prices starting from as low as US$155 The Destiny Mall & Residency II offers brand new apartments at least 40% below the area’smedian apartment price; providing a high yielding investment opportunity at an affordable price point.

We believe that the Destiny Mall & Residency II has many unique features which will ultimately provide apartment-owners or tenants not only a really fantastic Colombo lifestyle but also in the long run, we feel the Destiny Mall & Residency II is quite distinct from other residential projects in the area thus should achieve good capital growth and strong re-sale demand in the medium to long term.

Great planning & infrastructure

Continued private and public investment will underpin improved amenity and infrastructure that will contribute to the CBD’s evolving maturity and liveability.

Excellent linkages to local schools, public transport and local lifestyle precincts

Borders a well-established area with significant established infrastructure and amenities

Close to a significant Hospital.

Located in the CBD

Just minutes from all Colombo based 5 star hotels.

Convenient access to leading schools in Colombo.

Numerous recreational experiences surround the location

Near Slave Island railway station ear marked for Monorail project.

Near multiple Multi-Million Dollar mix development projects.


Purchasing process:


Once you decide on your preferred apartment, a 20% deposit is required to book your apartments,

(Initially 12% of the total could be paid at the time of signing the sales agreement bal 8% within three months the rest in stages)

Quoted prices do not include 7.5% Title Deed Fees and 4% Stamp Duty.



BRAND NEW LUXURY APARTMENTS OPEN FOR BOOKING NOW

Wednesday 10 February 2016

“Capitol TwinPeaks” brings in a new paradigm of apartment living to Sri Lanka

https://www.mylankaproperty.com/wp-content/uploads/2016/02/Capitol-TwinPeaks-mylankaproperty.png

Capitol Developers Limited is proud to announce its latest real estate development project, Capitol TwinPeaks. Construction of this luxury apartment project will begin in mid-2016, with apartments ready for occupation by mid-2020. Envisioned as an iconic project consisting of 388 apartments, Capitol TwinPeaks will be flanked by some of Colombo’s prestigious landmarks. Tipped to be one of Colombo’s most central apartment blocks, it is located in the heart of the city in an elite neighbourhood, with proximity to prestigious shopping malls and other conveniences, in addition to a beautiful entry point with the lake frontage of Beira Lake.


The project consists of 388 apartments, featuring two, three, four and five bedroom apartments on 34 floors with 2 basements, 4 floors of parking and a roof terrace. The ground floor will feature a lobby, shops, alfresco coffee shop and bar, salon and spa, mini mart, pharmacy and laundry. Other unique features of the twin towers will be a podium with a lap pool, kids pool, Jacuzzi, kids play area, function room, party lounge, party deck, outdoor dining area, business centre, games room, yoga pavilion, aerobic studio, steam room, library, reflexology area, jogging path and gym. Magnificent views and panoramas are set to entice home owners from the sky bar, sunset bar, social pod, sky lounge and sky garden, making this new venture by Capitol Developers a paradise in the heart of Colombo.


Commenting on the new venture Mahen Weerasekera – Chairman of Capitol Developers said “Capitol TwinPeaks hopes to set a new paradigm in the apartment industry, while defining apartment living for the elite. It is also our way of reiterating our commitment to the country and its development. We hope projects of this nature will entice investment in the country.”


This development meets the demands of the vibrant and expanding City of Colombo and supports the government’s plans to build a Megapolis encompassing much of the Western Province. In a city where the population is expected to rapidly increase in the near future, Capitol Developers’ plans for Capitol TwinPeaks meets the demands being set for urban, aspirational living in a rapidly developing country.


Since the groundbreaking of its first project in 2004 the company has supported the Sanken Group to entrench its credentials in the property development market. Previously successful projects by Capitol Developers include Capitol Residencies on Dharmapala Mawatha, HR Residencies on Havelock Rd, Tulasi Mahal Apartments in Jaffna, Capitol 7 in Rosmead Place, Capitol Elite in Horton Place and the business city hotel, Cinnamon Red. This newest project, Capitol TwinPeaks, a luxury apartment project, will feature a unique Sky Lounge, offering a magnificent view of Colombo, the Beira Lake and even the coastal line and harbour.


There are many advantages for investors purchasing apartments in Capitol TwinPeaks. In fact, all properties developed by Capitol Developers are contracted to a leader in the country’s construction industry, Sanken Construction (Pvt) Ltd., which guarantees timely delivery of the apartments to buyers along with the hallmark construction quality of the Sanken brand. Furthermore, Capitol TwinPeaks, the seventh venture by Capitol Developers, has an easy payment plan that is spread over four years and is tipped to be a noteworthy investment in the heart of one of the city’s most prestigious neighbourhoods.


Capitol TwinPeaks epitomizes luxury living with panoramic views of Colombo and a location that everyone will envy. Live in the heart of Colombo without the hassle of having to drive long distances to enjoy the good things in life. Capitol TwinPeaks is the place to be.


Project launch 2016-Completion 2020

41 floor twin tower skyscraper

400 luxury apartments

Situated at Staple street-Colombo-02


Special introductory price

Flexible 4 year installment plan

Prices ranging from Rs.35,000,000/-(USD.241,379/-) onwards



“Capitol TwinPeaks” brings in a new paradigm of apartment living to Sri Lanka

Monday 8 February 2016

BRAND NEW TWO BED ROOMED LUXURY FOR SALE OR LEASE

https://www.mylankaproperty.com/wp-content/uploads/2016/02/apartment-for-sale-mylankaproperty-001.jpg

Property Code No. APTSL-COL07-2295


A BRAND NEW TWO BED ROOMED LUXURY APARTMENT (SEMI FURNISHED) AT SEVENTH SENSE RESIDENCIES-GREGORY’S ROAD ( OPP. THE AUSTRALIAN HIGH COMMISSION)-COLOMBO-07-FOR SALE OR LEASE


LOCATION:


This luxury & spacious brand new apartment is situated on the 4 the floor of the just completed (Jan 2016) Seventh sense condominium complex situated opposite the Australian High commission down Gregory’s road in a high residential as well as commercial exclusive area in Colombo-07 with several diplomatic missions in the vicinity & is situated with close proximity to supermarkets & shopping malls, leading International as well as local schools, also close to banks, hospitals, places of worship, the post office etc, it is only about five minutes drive to the Colombo city center & close to most of the towns on & around Colombo & the suburbs, from this location.


DESCRIPTION:

It is an luxury & spacious junior penthouse apartment situated on the fourth floor of a luxury condominium building consisting only five floors (32 apts) & consists of a spacious sitting & dinning room, two bed rooms including a spacious master bed room with an attached bathroom, another visitors bathroom, an elegant small pantry area with fitted cupboards, a utility cum maids room with a service entrance & two balcony areas with a magnificent view of the city.


FACILITIES:

The apartment consists of wooden flooring with rules for the bathroom & pantry areas, has three phase electricity supply with four air conditioners, has pipe borne water supply with hot water facilities & an centralized overhead tank for storage, the sitting, dinning & the bed rooms are fitted with imported light fittings, the inner doors & the pantry cupboards are made using quality wood, both the washrooms are fitted with standard imported sanitary ware & consists of individual shower cubical, the apartment is semi furnished with quality new furniture.


The building consists of many common facilities such as 24 hour security, parking facilities (with two car parks for this apt which is uncommon),a meeting room, a gym, a common roof top terrace area with a swimming pool, a BBQ area, a children’s play area & a magnificent view, regular maintenance & garbage disposal facilities etc.


SUITABLE FOR:

Foreigners, As well as Lankan expats


If for sale

Rs.105,000,000/-(USD.724,137/-)

negotiable


If for lease

Rs.435,000/- (USD.3,000/-) per month

semi furnished



BRAND NEW TWO BED ROOMED LUXURY FOR SALE OR LEASE

Thursday 4 February 2016

THREE BED ROOMED LUXURY APARTMENT FOR RENT

https://www.mylankaproperty.com/wp-content/uploads/2016/02/apartment-for-lease-mylankaproperty-012.jpg

Property Code No. APTL-COL06-2294


A THREE BED ROOMED LUXURY APARTMENT (FULLY FURNISHED) AT CROWN RESIDENCIES-MOOR ROAD-COLOMBO-06-FOR LEASE (SHORT OR LONG TERM BASIS)


LOCATION:

This apartment is situated on the forth floor of a condominium building situated down Moor road (opp the Mirage Hotel at the Marine drive) in a tranquil & peaceful highly residential & well secured convenient location with close proximity to the Galle road, Marine drive, the beach, the Welllawatte railway station, shopping malls & supermarkets, banks, hospitals, the St.Peters college & other leading local as well as International schools, places of worship etc, it is only about fifteen minutes drive to the Colombo city center & close to most of the towns in & around Colombo & the suburbs, from this location.


DESCRIPTION:

It is a three bed roomed luxury & spacious apartment, elegantly furnished & equipped with all electrical appliances & direct sea view from the balcony, consists of a spacious sitting & dinning room, three bed rooms including a spacious master bed room with an attached bathroom, another common bathroom, an elegant pantry with fitted cupboards & a balcony area with a magnificent sea & city view.


FACILITIES:

The apartment is fully tiled, has three phase electricity supply with three air conditioners & fitted ceiling fans for all of the areas, has pipe borne water supply with hot water facilities & an centralized overhead tank for storage, all of the inner doors & the pantry cupboards are made using quality wood, the outer sliding doors are fitted with Powder coated Aluminum frames, all of the bathrooms are fitted with standard imported sanitary ware.


The building consists of many common facilities such as 24 hour security, parking facilities, a common roof top terrace area with a magnificent view of the sea and the city, regular maintenance and garbage disposal facilities etc.


SUITABLE FOR:

Foreigners, As well as Lankan expats



THREE BED ROOMED LUXURY APARTMENT FOR RENT

Monday 1 February 2016

Sri Lanka Commercial Real Estate Demand Increases with FDI

https://www.mylankaproperty.com/wp-content/uploads/2016/02/WTC-1024x722.jpg

Commercial property market in Sri Lanka is now showing an exponential growth as local and foreign companies have started to develop their businesses. It is clear by this factor how foreign firms have already realized the strength of the booming Sri Lankan economy.


Moreover, post-war Sri Lanka has been recognized as a country favorable for the overall real estate market. Foreign Direct Investments will prevail further because of this reason. A large number of Southeast Asian companies and Western companies have already started significant amount of housing projects all over the country.


Foreign Investors started showing interest after the government’s decision to reduce tax on foreign ownership, renting, leasing etc.


Furthermore, commercial data property of Sri Lanka shows that there’s a shortage in supply of Grade A space all over the country.


World Trade Center can be considered as the largest commercial property as well as the property with highest rental rates available in Sri Lanka which comprised of 700,000 square feet.


Overall rental prices have gone up over the past five years. It has been a difficult task not only for foreign companies but also for local companies to find Grade A commercial property spaces.


Most of the foreign firms do not really consider about the price of the property as long as it is close to Colombo. Therefore the commercial property owners make the most out of this opportunity by raising the rental rates significantly.


As mentioned, it is more obvious now that the commercial real estate has a direct impact on the economy of Sri Lanka.



Sri Lanka Commercial Real Estate Demand Increases with FDI