Luxury Apartments in Colombo That You Can Live in

As you take a look at the map of Sri Lanka you see that on the island there are a variety of real estate opportunities to buy, sell, rent or invest in. The housing options vary based on income ranges, property expectations, features, etc. Some of the most common properties you would find include villas, rooms for rent, houses for rent and sale, apartments for rent and sale and commercial buildings for rent. However, among them for residential purposes, middle to elite locals mainly live in the heart of Colombo city and prefer condos or apartments. The luxury apartments in Colombo that they stay in are constructed featuring a range of amenities and facilities. Some of them include infinity swimming pools, gyms, spas and salons, kids play areas, and more. Because of this, the demand for such modern apartments has also been on the rise. An increasing number of luxury apartments are being constructed consistently throughout Colombo city and vertical living is no longer becoming just a fad. 

The city of Colombo is home to approximately 1.5 million inhabitants while a further 900 thousand live in the nearby towns and villages. There are about 6500 luxury apartments and villas and are available for rent or purchase in Colombo and its surrounding areas. The most popular residential areas include Kelaniya, Thalawathugoda, Peradeniya and even the villas in Kandy.

The price range of luxury apartments in Sri Lanka that are in high demand among locals and expats as a housing option goes beyond LKR 70M on average. However, like most properties the price of these condos vary based on location, facilities, etc.

In Colombo or greater Colombo and its suburbs with the changing trends, there are different apartments being constructed. 

High rise luxury apartments in Colombo 

High-rise luxury apartments in Sri Lanka are mostly located in Colombo and its suburbs in the Western Province. With the advanced facilities available in the metropolitan city it is also convenient for owners and tenants. Therefore, developers alike receive and provide the services and facilities expected as demand calls. 

A well-known high-rise luxury apartment in Colombo is the Altair Residencies. It is the tallest residential apartment in Sri Lanka with 68 floors. Another unique feature of this complex is its design that showcases one tower leaning on the other. Due to this, the apartment in itself has become an iconic showstopper of the Colombo Skyline. Besides this, other apartments for sale in Colombo include One Galle Face Residences by Shangri-La which has 51 floors, Colombo City Center Residencies that has 47 floors and more.

Investors interested in investing in Sri Lankan real estate also purchase these apartments and offer them as apartments for short-term rent to foreigners and elite locals earning a monthly rental income. 

Service apartments in Colombo

Serviced apartments in Colombo offer similar features as the luxury apartments, but the special feature of it is the combination of a hotel-like services they provide. In such apartments, you can get housekeeping, a 24/7 front desk, a business centre, an in-house restaurant and bar, taxi service, etc. Most service apartment spaces are above 1350 sq. ft. and are usually fitted with the best furniture and fittings in Sri Lanka. 

You can find these in many parts of Colombo including Colombo 1, Colombo 2 and Colombo 3.

Non-service apartments

Most apartments for long-term rent in Colombo or apartments for sale for a low price in Colombo are designed with the basic expectations of a condominium. This includes free parking space, centrally connected electricity or a generator and 24/7 security. Amenities such as swimming pools, gyms etc. are generally not available and there may be limitations in space as well. You can find such flats in the outer suburbs of Colombo such as Mount Lavinia, Wellawatte, Dehiwala, and Nugegoda. 

With apartment living becoming a widely popular trend and one that offers more convenience than a single-story house, it is even more important to find the right ones from the right place. And as Sri Lanka’s largest and No. 1 real estate portal LankaPropertyWeb offers you the best options to choose from based on your budget, requirements and even facilitate mortgage loan facilities to make your home dream come true.

For more information, contact us on 011-7167167 and get in touch with us today!