Here are some of the most prominent upcoming / recently launched apartment projects and large residential developments in and around Colombo (summary, location, developer and current status). I searched recent Sri Lankan property and news sources — see citations after each item.
- Marina Square – “Uptown Colombo” (harbour‑front condominium complex)
- Developer(s): Access Engineering PLC in partnership with China Harbour Engineering Company and Mustafa (Singapore) (consortium).
- Location: Harbour/Port City area, Colombo (waterfront).
- Why it’s notable: Very large-scale, multi‑tower luxury condominium masterplan (many units, large leisure and commercial podium). Marketed as Colombo’s major harbour‑front project with strong rental/investment potential.
- Status: Active / promoted as an upcoming/ongoing project (marketing pages and property listings). (ceylonproperty.lk)
- Pentara Residencies (Home Lands Group) — twin‑tower landmark at Thummulla
- Developer: Home Lands Group.
- Location: Thummulla (Colombo area).
- Why it’s notable: Marketed as an iconic twin‑tower luxury residential development by one of Sri Lanka’s largest residential developers; high visibility launch/groundbreaking in 2025.
- Status: Groundbreaking held August 28, 2025 (project launched / off‑plan sales). (homelandsskyline.lk)
- Waterdale Residencies (Home Lands / BOI‑approved flagship project)
- Developer: Home Lands Group (flagship project).
- Location: Bordering Colombo 07 (Cinnamon Gardens / central Colombo fringe).
- Why it’s notable: Large luxury project, BOI recognition mentioned in developer communications — positioned for foreign/investor interest.
- Status: Launched / BOI‑approved (developer announcements). (homelandsskyline.lk)
- Viman (John Keells Properties) — Ja‑Ela (close commuter link to Colombo)
- Developer: John Keells Properties (JKH group).
- Location: Ja‑Ela (northern Colombo suburbs; good highway/expressway access into Colombo).
- Why it’s notable: Strong sales traction (Phase 1 sold quickly); JKH is a blue‑chip developer and the project targets owner‑occupiers and investors seeking easy access to Colombo.
- Status: Phase 2 launched after strong Phase 1 sales (active). (lankatalks.com)
- The One (mixed‑use / branded residences) — large, long‑running scheme (status varies)
- Developer / planner: RCR Colombo / major international partners historically attached; planned Ritz‑Carlton branded residences and JW Marriott components.
- Location: Fort / Chatham Street (central Colombo).
- Why it’s notable: Ambitious tri‑tower mixed‑use megaproject (would be one of the tallest developments in Sri Lanka).
- Status: Project has experienced delays and on‑hold phases historically — check latest local updates before committing. (en.wikipedia.org)
Other things to watch in Colombo’s residential pipeline
- Port City / Colombo International Financial City (projects and towers) — several luxury condo proposals and mixed‑use schemes are linked to the Port City precinct; keep an eye on new launches tied to that precinct.
- Government/NHDA redevelopment programs — large government apartment redevelopments were announced for Colombo district (plans to redevelop older government apartment complexes beginning around 2026), which could influence supply and neighbourhood dynamics. (en.wikipedia.org)
Quick buying/investor tips for Colombo off‑plan apartments
- Confirm developer track record (completion history and quality).
- Ask for BOI approvals or foreign‑buyer facilitation if you’re investing from overseas.
- Check transport links (expressways, rail, Port City access) and expected completion date.
- See if the project has a condominium management authority / strata plan and clear timelines/penalties in the purchase agreement.
- Get up‑to‑date pricing and staging (prices can change quickly due to exchange rates and local market conditions).
If you’d like, I can:
- Pull the latest launch/pricing pages and recent news for any 2–3 of the projects above and give exact launch dates, current unit availability and typical price ranges; or
- Prepare a short comparison table (location, developer, expected completion, typical unit sizes/prices) for your top 3 choices.
Which option would you prefer?