Here are the most popular real estate locations in Colombo (city and immediate suburbs), with a short note on what makes each area sought-after:

1. Cinnamon Gardens (Colombo 7)

• Prime, leafy residential neighbourhood with colonial-era mansions, top schools, embassies and luxury apartments. High demand for family homes and upscale apartments; regarded as one of the most prestigious addresses in Colombo. (luxenautilusrealty.com)

2. Kollupitiya / Bambalapitiya (Colombo 3 & Colombo 4)

• Busy commercial/residential corridor with high‑rise condos, shopping, restaurants and sea views near Galle Face. Popular for expatriates, young professionals and rental investors. Good transport links and many mixed‑use developments. (luxenautilusrealty.com)

3. Fort / Galle Face / Colombo 1–2 (CBD & waterfront)

• The central business district, major hotels and new luxury towers (and the adjacent Galle Face promenade). Strong demand for premium apartments and offices, and activity from large mixed‑use projects (e.g., Port City adjacency). (en.wikipedia.org)

4. Havelock Town / Colombo 5

• Centrally located, family‑friendly suburb with more affordable housing compared with Cinnamon Gardens while still close to the city; popular for both buyers and renters. (luxenautilusrealty.com)

5. Rajagiriya and Battaramulla (near Colombo)

• Rapidly growing office and residential hubs just outside central Colombo — attractive for buyers looking for modern apartments, offices and better value while retaining good connectivity to the city. Increasingly popular with corporate tenants and developers. (CeylonLanka.info)

6. Colombo Port City / One Galle Face / New waterfront developments

• Mega projects and luxury condominium towers are concentrating demand for ultra‑premium apartments and branded residences; these projects are reshaping high‑end supply in the city. (CeylonProperty.lk)

7. Suburban growth corridors (Negombo, Gampaha district suburbs, parts of Kalutara)

• Outside the city proper, well‑connected suburbs and towns have seen rising interest and price growth due to improved infrastructure and buyers seeking value or holiday/investment property. (Note: these are outside Colombo city limits but tie into Colombo’s market.) (lankaweb.com)

Quick notes on market drivers

• Demand is concentrated on waterfront/CBD locations and on modern high‑rise condominiums for expatriates and investors; price growth is strongest where infrastructure and connectivity are improving. Overseas buyers (Australia, UK, Middle East, etc.) and local investors drive much of the higher‑end condo demand. (srilankabiz.lk)

If you’d like, I can:

• Show average price ranges or rental yields for any of the areas above (requires up‑to‑date market data), or
• Recommend specific neighbourhoods depending on whether you’re buying to live, rent, or invest.