Colombo is the commercial capital of Sri Lanka with the largest population in the island. If you were to compare the photographs of this city from your old family albums to the HD photos of Colombo on the internet today you will see a significant difference. A few decades ago, Colombo was a simple, humble town. But it has completely transformed now. The reason is obvious – property development. As more buildings overtake the skyline, the entire real estate landscape changes. This has fuelled unstoppable growth in new commercial and residential property. For properties for sale, Colombo is on the top spot. The ease of access to multiple amenities, a large number of leading schools and hospitals as well as more job opportunities attract a vast majority of the population to buy houses for sale in Colombo, Luxury houses are in high demand from high net-worth individuals. This also applies to aspiring millennials. A house for sale in Colombo becomes a valuable investment because of the importance of this city as a commercial hub. A two story house in a residential area can fetch a big price in the market.
Apartments for sale in Colombo are all the rage now. They are luxurious, stunning and offers everything the modern home buyer wants in a silver platter. Newly designed apartment property for sale in Sri Lanka, Colombo includes many facilities such as infinity swimming pool, roof garden, recreational area, fitness centre along with supermarket and parking facility. Due to the high interest among buyers, property developers compete on design, quality and where the property is located. Famous landmarks raise the desirability of properties in Colombo for sale. Prices reflect the demand for the property. A completely newly built apartment in Colombo 5 with 2 bed rooms starts from Rs. 23 million upwards. Property for sale in Colombo also include the suburbs, which are preferred because of the close proximity to the city centre. They also offer ideal living conditions. A two story house with 3,000 sq. ft, house nestled in a premium location at Rajagiriya is available for Rs. 115 million. It is on a 17 perch land. A brand new house for sale in Colombo can come at different price tags based on the area.
With a large garden, completely, newly renovated properties are also sold off for commercial purposes. It is not uncommon to find offices and various institutions situated in renovated houses. This adds a charming touch to the work culture compared to sleek and modern office buildings situated in busy spots around Colombo. Land for sale in Colombo are on the expensive end of the spectrum. Large-scale investors buy lands for sale in premium areas for mixed developments. They serve the construction of star hotels, premium apartment complexes, shopping malls and colleges. This forces businesses to look for suitable property for sale in Colombo suburbs. Private luxury properties are also found in different parts of this city. A 5.5 perches 5 BR, 3,600 sq. ft. house is on the market for Rs. 105 million in Colombo 5. This 5 perches, 3 BR, 3,600 sq. ft. can comfortably accommodate a nuclear family in Sri Lanka. A 6,000 sq. ft. house is on sale in Colombo 7, which is a three story modern property with more than 5 bedrooms and car parking for 5 vehicles. Colombo continues to attract more investments into its infrastructure, which helps to make the city more attractive for property buyers.