Real Estate Domain Sri Lanka

Announcement to clients

We are currently experiencing an unusual situation in the real estate market in colombo metropolitan region, according to our observation based on client inquiries we receive we have seen a drop for inquiries in colombo 1,2,3,4,5,7,8,10,11,15 by over 90% and colombo subarbs like Nawala, Rajagiriya, has seen over 70% decline in demand and inquiries and battaramulla, nugegoda have seen 60% reduction in demand.

Real estate market is determined by 3 primary factors and 2 secondary factors

Location -Average price of location
Number of listings and Average prices (determined by the type, location features, conditions of property)
Average Demand - measured by client inquiries
(Location preference, Physical Cash at disposal, possible maximum loan disbursement)

Secondary factors are
Market interest rates and loan approval rate
Savings rate/capital creation rate of consumers

Now if key indicaters such as availability of listings are at all time low are down (supply)
And demand is high
Even in a unfavourable rate hikes real estate market will stay afloat

Unfortuantely due to high migration rates, and foreclosures in the market, the listings will be high resulting in the biggest market crash in sri lanka.

We speculate the real estate market will crash on several phases in the next 2 years in this region starting from 20%-30% reductions and in high valued areas where perch value goes above 5 million and we will see a reduction of 30% - 50%, the crisis will worsen with recent decision on January to hike interest rate on past fixed housing loans will create a higher risk of default and after September for rescheduling of bank loans start on Non Performing Loans, there are certain companies eying for these properties and they will most likely to grab all good properties rather than individual Sri Lankans through auctions.

If you are desperately searching for a house in these coming few months would be good for buying, but we tell our clients to avoid buying in colombo metropolitan areas mentioned (except for colombo 6) right now as we assume after auction second wave of prices will cause further decline.

We recommend to buy in suburbs like Kottawa, Boralesgamuwa, Thalawathugoda, Hokandara, Athurugiriya and Malabe, where the prices will drop, but will match most consumers sweet spot when acquiring properties. all of these suburbs have under 25 min access to colombo. These areas the prices will not fall due to market correction. Other places which are far away from colombo like Homagama, Piliyandala, Padukka prices remain relatively stagnated but we will not see major decline.

Over 90% of the clients in these past few months recorded capital below 15 mn to make their housing dream a reality, indication suggests until 2024 the housing interest rates will not drop below 17%, and lot of 20- 35 year old consumers have little capital, in 5 years time majority of housing buyers demography will be determined by this age group.

The post covid world with energy price hikes drove the savings to an all time low, and higher borrowing cost will lead to major market price corrections on real estate industry.

So new situations require new investment advice and if you cant keep up with the newly changing market, that's all right we will handle it for you. The last thing you want is to buy over priced property where market sentiments do not match which will result your investment to decline its value.

Get the best deals in town with RED LANKA PVT LTD

Athurugiriya Millenium City Renovation and selling project concluded successfully

Renovation - 2 Weeks
Sold - 2 Weeks
Client - Mr. Dinusha

ලබන්නා වු අළුත් අවුරුද්ද ලොව වාසි සැමට සුභ නව වසරක් වේවා

Happy and a Prosperous New Year

Athurugiriya two storey house near fort bus route for 27 million
Call 0716777754 for appointments

Perch - 7.07
Sqft - 2332
3 Bedrooms
2 Bathrooms
2 kitchens
Dining room
Three face electricity
20 ft road access
car parking
Separate electricity meters/good for renting
Roller gates
Large balcony
600m to fort bus route
3 min to athurugiriya town
Quiet and green neighborhood

Only 27 million

Mulleriyawa 2 bedroom apartment for sale
Call 0716777754

Sqft - 600
2 Bedrooms
1 Bathrooms
Spacious kitchen with Dining
1 car parking
Government apartments
Clear deeds
800m to colombo bus route
15 min to colombo
Only 7 million only

Get a near colombo residence at the lowest price

මුල්ලේරියාවේ නිදන කාමර 2ක් සහිත
නිවාස සංකිර්ණයක් ලක්ෂ 70 යි

කොළඹ ආසන්නයේ නිරවුල් ඔප්පු සහිත අඩු වියදමට නිවසක්

නිදන කාමර 2යි නාන කාමරයයි
අමතන්න 0716777754
ලක්ෂ 70යි

අතුරුගිරිය Millenium City නිදනකාමර 2ක් සහිත නිවස මිලියන 11.5
අමතන්න 0716777754

පර්චස් - 6.6
වර්ග අඩි - 1000
නිදන කාමර 2යි
නාන කාමර 2 යි
වාහාන නැවැත්විය හැක

විශේෂ කරුණු
24/7 ආරක්ෂක සේවය
ආරක්ෂිත වටපිටාව
ලාමා ක්‍රිඩා උද්‍යානයන්
අඩි 20 පාර

මිල ලක්ෂ 115

Athurugiriya Millenium City 2 bed room house for just 11.5 mill

Perch - 6.6
Sqft - 1000
2 Bedrooms
1 Bathrooms
1 Maids Bathroom
Dining room
Extended Kitchen
1 car parking
Garden

Other facilities and special remarks
24/7 security
Recently renovated
Childrens park
20 feet access road

Only 11.5 million


Millenium City 2 bed room house for just 11.5 mill
Call 0716777754

Perch - 6.6
Sqft - 1000
2 Bedrooms
1 Bathrooms
1 Maids Bathroom
Dining room
Extended Kitchen
1 car parking
Garden

Other facilities and special remarks
24/7 security
Recently renovated
Childrens park
20 feet access road

Only 11.5 million

Rathmalana House for sale
Land extent - 10p
2 bedroom 1 bathroom house
sqft - 800
38 ft frontage
18 ft access road

Price - 12 mn
property belongs to moratuwa side



call 0716777754 for appointments

Athurugiriya Brand New 3 bedroom house for sale
call 071 677 7754 for appointments
Land extent - 6.5 p
1350 sqft
3 Bedroom
Air conditioning allocation
2 Bathrooms ( 1 attach)
Hot water
Outdoor kitchen
Kitchen with Pantry (Mahogany)
14 ft high ceilings
16*12 master bedroom
Roller gates
great neighborhood
5 min to athurugiriya town
7min to athurugiriya highway
Price - 21.5 million
5 min drive to all major banks, restaurants, international food chains, private and public hospitals, gyms, educational institutes
all major super markets
Call 0716777754 for appointments

Athurugiriya 3 bedroom house for sale
Land extent - 10 p
1600 sqft
3 Bedroom
Air conditioning
2 Bathrooms ( 1 attach)
1 maids Bathroom
Hot water
Wet kitchen
Kitchen with Pantry
German bathroom fittings
Verenda
48 ft frontage
great neighborhood
slt fiber connection
600m to bus route
5 min to athurugiriya town
7min to athurugiriya highway
20 feet access roads
Price - 21 million
5 min drive to all major banks, restaurants, international food chains, private and public hospitals, gyms, educational institutes
all major super markets
Call 0716777754 for appointments

Newly Built House in Athurugiriya (Galwarusawa rd)
Land extent - 7.5 p
2 Bedroom with AC
1 Bathroom
1 maids Bathroom
Hot water
Roller gates
good neighborhood
1km to bus route
6 min to athurugiriya town
20 feet access roads
Kitchen
13.5 mn

Call 0716777754 for appointments

අතුරුගිරියෙන් පර්චස් 6ක භුමියේ නව නිවසක්
ලක්ෂ 90ට

අතුරුගිරිය ටවුමට විනාඩි 5යි
නිදන කාමර 2යි නාන කාමරයක් සහිත තනි තට්ටු නිවාසයක් ඉඩමත් සමග
ලක්ෂ 90 ක් පමණ සුළු මුදලක් ගෙවා සදාගන්න
ලක්ෂ 50ක් පමණ දී ඉඩම වෙන්කරවාගන්න

මෙම දීමනාව අප්‍රේල් 1 වන සතිය වන තෙක් පමණයි.
ඉක්මනින් ඔබේ නිවස සැදීමට ඉඩම වෙන්කරවාගන්න

අමතන්න 071 677 7754

USD $275,000 | Fully furnished Luxury Beach front Apartment for SALE at Crystal Sands, Hikkaduwa

All agents are welcome*

Current monthly return - LKR 200,000 (Per Month)
Projected annual return - LKR 5 million

- 2 Bedrooms & 2 Bathrooms (2 attached)
- 1,238.92 Sqft
- Private Sunset Plunge Pool
- Alexa Home Automation
- Infinity Pool, Sea view rooftop restaurant & Gym
- European designed kitchen with integrated appliances
- Split system Air-Conditioning & Double Glazed Windows
- Enhanced security with restricted floor access
TV Access

Get a spectacular view of the crystal blue ocean on a rare high end beach property located in touristy beaches of Hikkaduwa, Great hospitality investment and also second home for all you beach lovers.

Prospective clients, Foreign investors get the most prestige luxury beach sea view apartment in sri lanka beautiful southern coast

Quoted at USD $275,000. Please call or whatsapp 0716777754 for more information!

Nawala land for a great price just 20 million
LAND EXTENT - 9 P
Access road width 15 feet
Parapet wall
Frontage 42 ft
Distance to main rd 1km
Restaurants, Banks, near by
7 min to colombo city limits
Price - 20 million
CASH DEALS PREFERED
GREAT INVESTMENT
CALL +94 71 677 7754
For appointments

Battaramulla 3 Bedroom Fully Furnished Apartment For Sale
Call 0716777754 appointments
Floor Area 1260 sqft (including 1 parking)
3 Bedroom/2 Bathroom
Maids Bathroom/Maids room
All furnniture with Teak
Extended Terrace
Gym
Swimming pool
AC
24/7 security
40 million
15 min to colombo city
Call for appointments 0716777754
Relatively new apartment

දොම්පේ ටවුමට ආසන්නව පර්චස් 10ක ඉඩමක් ලක්ෂ 15ක් පමණයි

අඩි 20ක පාර

දොම්පේ මාහා විද්‍යාලේට කි.මි 1යි..

අඩු වියදමින් නිවසක් සදාගැනීමට කදිම ඉඩමක්..

අමතන්න 0716777754

මිල ගණන් සාකච්ඡා කළ හැක.

Dehiwala Kalubowila Single storey House for 45 million
- 10 Perches
- 2200 Sqft
- 20 ft access road
- 3 Bedrooms & 1 Bathrooms
- Dining, Pantry & Kitchen
- Parking for vehicles
- Old Spacious house
- 650 m to Dehiwala road / Kalubowila Hospital
- 5 min to galle road/Nugegoda
- 10 min to colombo city
Price - 45 million negotiable
Please call 071 677 7754 or visit www.redlk.lk

Nugegoda 3 Bedroom Apartment For Sale
Call 0716777754 appointments

Floor Area 1250 sqft
3 Bedroom/2 Bathroom (1 attached bathroom)
Maids Bathroom/Maids room
Extended Balconies
Air conditioned rooms
Gym
Swimming pool
24/7 security
45 million
5 min to colombo city

Conveniently located at the heart of Nugegoda, Easy access to
International schools, Colombo public schools,restaurants, Banks and super markets
Call for appointments 0716777754
Relatively new apartment

Battaramulla koswatte land for a great price
LAND EXTENT - 6 P
Access road width 15 feet
Frontage 30 ft
Distance to main colombo rd 350 m
Restaurants, Banks, near by
20 min to colombo city limits
20M TO kotte road
Price - 14 million
CASH DEALS PREFERED
GREAT INVESTMENT
CALL +94 71 677 7754
For appointments

Thalawathugoda - Hokandara 2 Storey 3 Bedroom recent Brand new house for just 33 million
- 8.1 Perches
- 2800 Sqft
- 900 sqft top floor terrace
- 3 Bedrooms & 3 Bathrooms
- Dining, Pantry & Kitchen
- Parking for 2 vehicles
- 20 feet access road
- 220 m to Fort bus route
- 2min to Highway Entrance
- 30 min to colombo city

Price - 33 million negotiable

Please call 071 677 7754 or visit www.redlk.lk

Athurugiriya 3 Bedroom recent refurbished house for just 14 million
- 10 Perches
- 1300 Sqft
- 3 Bedrooms & 2 Bathrooms
- Dining, Pantry & Kitchen
- Parking for 2 vehicles
- 1 km to Fort bus route
- 5 min to Athurugiriya city
- 7 min to Athurugiriya Highway
- 40 min to colombo city

Please call 071 677 7754 or visit www.redlk.lk

Kotte Land for sale
LAND EXTENT - 7.5 P
12 ft access road
400m to busroute
1km to pitakotte junction
6 min to Highlevel
9 min to colombo city limits

Conveniently located near super markets, public and private schools
For a affordable price
CASH DEALS PREFERED
GREAT INVESTMENT
CALL +94 71 677 7754
For appointments

Thalawathugoda 2 storied House for a great price

LAND EXTENT - 8.5 P
FLOOR EXTENT - 1860 SQFT
4 BEDROOM/2 BATHROOM
1 Maidsroom/Bathroom
Dining room
2 car parking space
20M TO kotte road
45 ft + Frontage
Large terrace
Building plan and coc
80m to Bus route
1.5km to Thalawathugoda junction
15 min to colombo city limits
Great for Houses rental spaces
20 ft access road carperted
Price - 33 million
CASH DEALS PREFERED
GREAT INVESTMENT
CALL +94 71 677 7754
For appointments

Battaramulla 3 Bedroom Apartment For Sale
Call 0716777754 appointments
Floor Area 1200 sqft (including 1 parking)
3 Bedroom/2 Bathroom
Maids Bathroom/Maids room
Extended Terrace
Gym
Swimming pool
AC
24/7 security
34 million
15 min to colombo city
Call for appointments 0716777754
Relatively new apartment

Dehiwala 3 Bedroom Apartment For Sale

Call 0716777754 appointments
Floor Area 1170 sqft (including 1 parking)
3 Bedroom/2 Bathroom
Gym
AC
24/7 security

35 million

Call for appointments 0716777754
Relatively new apartment

lavania

Nugegoda House for sale - most affordable rate
LAND EXTENT - 10 P
FLOOR EXTENT - 1100 SQFT
4 BEDROOM/2 BATHROOM
2 kitchens
Dining room
1 car parking space
20M TO kotte road
35 ft + Frontage
2018 building plan (renovated)
15 min to colombo
Great for Houses rental spaces, offices
20 ft access road
Price - 35 million
CASH DEALS PREFERED
GREAT INVESTMENT
CALL +94 71 677 7754
For appointments

Nugegoda Commercial property for sale
LAND EXTENT - 10 P
FLOOR EXTENT - 2200 SQFT
4 BEDROOM/1 BATHROOM
SHOWROOM - GROUND FLOOR

1ST FLOOR
4 BEDROOMS/3BATHROOMS
400M TO NUGEGODA JUNCTION
FACING OLD KESBEWA ROAD
55 FT FRONTAGE
45+ FRONTAGE
Facing Old Kesbewa main road
15 min to colombo
Great for rental spaces, offices
40 ft access road

Price -80 million
NEGOTIABLE..CASH DEALS PREFERED
GREAT INVESTMENT
CALL +94 71 677 7754
For appointments

Athurugiriya 3 storied Brand new house for an amazing price
LAND EXTENT - 7 P
FLOOR EXTENT - 2250 SQFT
4 BEDROOM/2 BATHROOM
Maids Bathroom
45+ FRONTAGE
Facing Main Galwarusawa road
20ft carperted access road
Great neighborhood with good views
2nd Floor Terrace
Kitchen Pantry
PARKING - 2 VEHICLES
LANDSCAPED GARDEN
ROLLER GATES
Bathroom Fittings with 25 year warantee
Kitchen Pantry
Parapet Wall
5 min to Athurugiriya town
7 min to Athurugiriya Highway

Price -29 million
NEGOTIABLE..CASH DEALS PREFERED

GREAT INVESTMENT
CALL +94 71 677 7754
For appointments