7-Star Luxury Apartment Development

Luxury Real Estate Investment in Colombo, Sri Lanka | High-Return Apartment Development

This premium real estate investment opportunity in Colombo, Sri Lanka offers investors a rare chance to enter a large-scale, pre-approved luxury apartment development with strong projected returns. Strategically located in the capital’s most desirable urban zone, the project combines high-rise luxury living, modern smart-home design, and long-term tax advantages under a BOI framework. With construction groundwork completed, confirmed buyer demand, and a clear path to profitability, this Colombo property development is positioned as a low-risk, high-potential investment for international investors seeking exposure to Sri Lanka’s growing real estate market.

Sri Lanka | Prime Capital Location | Approvals Secured

7-Star Luxury Apartment Development
Affordable Tier-1 Concept

A large-scale, pre-approved, privately-owned real estate project in the heart of Colombo, designed as a premium, privacy-first residential concept with exceptional lifestyle and healthcare features.

Target Investment: USD 100M Target Sales Revenue: USD 200M Projected Profit: ~USD 66M
Quick Snapshot
Towers
2
Floors
50
Units
580
Sellable Area
590K sq ft
BOI project with a 15-year tax holiday. All approvals obtained and piling completed.

Why This Opportunity Stands Out

De-risked Setup
  • Privately owned land positioned as security
  • Approvals secured and construction groundwork completed
  • Main construction bid placed with a reputed contractor (budgeted ~USD 100M)
Demonstrated Market Interest
  • Over 100 interested customers already identified
  • 143 units reserved (of 580)
  • USD 23M reserved sales value and USD 4.5M advances collected

Project Overview

Scale & Design
  • Two 50-floor towers (2 basements + 8 podium levels + 40 residential floors)
  • Total construction area: ~1.1M sq ft
  • Ceiling height: 12 ft
  • Apartment mix: 2BR and 3BR options plus suites and penthouses
Pricing & Positioning
  • Target selling approach: ~USD 338 / sq ft average (lower floors below average, upper floors above)
  • Positioned ~20% lower than selected Tier-1 Colombo competitors (as stated in the project brief)
  • “Smart apartment” concept with premium appliance and lighting controls
Land & Regulatory
Land Size
180 Perch (≈ 1 acre + 20 perch)
Indicative Land Value
~USD 18M (USD 100K/perch)
Tax Advantage
BOI 15-year tax holiday
Planned Lifestyle & Healthcare Features
  • Sky bridge and sky restaurant concept
  • Helicopter access concept for owners
  • Private mini cinema
  • 24-hour medical center and ambulances
  • Defibrillator availability by floors (as stated)
  • Chauffeur-style limo service concept (fleet listed in brief)

Investment & Returns (As Presented)

Financial Targets
  • Target sales revenue: USD 200M
  • Estimated project cost: ~USD 134M
  • Projected profit: ~USD 66M
  • Indicative payback period: ~4 years
Note: Some materials also mention a lower profit figure (USD 50M). Investors should validate assumptions through due diligence.
Funding Timeline
  • Year 1: USD 35M
  • Year 2: USD 35M
  • Year 3: USD 30M
The developer states willingness to sign agreements for ROI assurance and to structure security using assets and profit share mechanisms.

Request the Full Investor Deck & Due Diligence Pack

Get the complete project brief, approvals summary, financial model assumptions, and next steps for investor discussions.

Contact
Israel Mobile: +972-544-268-750
Sri Lanka Mobile: +94-777-425-091
Email: sh@kenigs.com