15+ active Home Lands developments across Colombo, Negombo, Athurugiriya, Wadduwa and the wider south-west coast priced in AUD, available remotely to Australian buyers. From entry-level Athurugiriya at AUD 165,000 to Pentara Residencies penthouses at AUD 500,000+.
Condominium apartments above the 4th floor can be owned outright by Australians under Sri Lankan law. No company structures, no leasehold workarounds. The deed is in your name.
Every listing on our site shows current AUD pricing, refreshed against the prevailing AUD/LKR rate. From AUD 165,000 entry-level to AUD 500,000+ for Colombo 7 penthouses.
Colombo, Thummulla, Jawatta, Rajagiriya, Nawala, Thalawathugoda, Malabe, Athurugiriya, Kahathuduwa, Piliyandala, Negombo, Wadduwa. One delivery track record, 29 active developments.
Colombo apartment long-let yields averaged 5.8% gross in 2025 per local valuer data. Suburban resort apartments yield 5–7%. Beachfront short-stay villas can reach 6–10% gross.
Home Lands apartments are sold turnkey: built-in kitchen, ceiling-mounted air-conditioning, ceramic or porcelain floors, fitted wardrobes, full bathroom fit-out. One parking bay included.
Tell us your budget in AUD, target location and bedroom count. Our Melbourne office sends a curated shortlist of 3–5 developments matching your criteria within 24 hours.
Apartments in Colombo and surrounding suburbs of Sri Lanka run from AUD 165,000 (entry-level Athurugiriya) to AUD 500,000+ (Pentara Residencies penthouse, Colombo 7 border). Australians can buy condominium apartments outright on freehold. Long-let gross yields average 5–7% across the Home Lands portfolio; beachfront short-stay yields can reach 10%.
Discover the finest selection of new apartments in Sri Lanka tailored for the global lifestyle. From the heart of the commercial capital to serene coastal resorts, Home Lands Melbourne brings you a portfolio of high-value assets.
Whether you are looking to buy an apartment in Sri Lanka for your retirement or seeking a high-yield asset to add to your portfolio, our inventory includes both ready-to-move-in units and investment-grade off-plan apartments.
The process of purchasing property for sale in Colombo can be complex for those living overseas. At Home Lands Melbourne, we simplify this journey. Our collection features luxury apartments for sale in Sri Lanka that meet international standards of construction and design.
We specialize in new apartments in Sri Lanka that offer resort-style living. From swimming pools and gymnasiums to 24/7 security, our resort apartments for sale in Sri Lanka redefine tropical living. For investors seeking maximum ROI, our off-plan apartments in Sri Lanka offer the lowest entry points with the highest potential for capital appreciation upon completion.
Pricing is approximate, updated weekly against the prevailing AUD/LKR rate. Click any band to filter the full portfolio.
| Price band (AUD) | Where | What you get | Typical yield |
|---|---|---|---|
| Under AUD 200k | Athurugiriya, Kahathuduwa, Malabe | 2BR resort apartment in an outer suburb with growth potential | 5–6% |
| AUD 200k – 280k | Negombo, Piliyandala, Wadduwa, Thalawathugoda | 2BR or 3BR — either inner-Colombo or premium beachfront/resort | 5–7% |
| AUD 280k – 400k | Rajagiriya, Nawala, Colombo 5, Jawatta | Inner-Colombo 2BR or 3BR with strong professional-tenant demand | 5–6% |
| AUD 400k+ | Colombo 7 border, Cinnamon Gardens | Premium 3BR or penthouse, top-tier addresses, capital-growth focused | 4–6% |
Each suburb has its own page with active developments, transport, schools, hospitals, and rental dynamics.
The investor sweet spot — strongest rental demand across both long-let and short-let. Most Home Lands developments offer 2BR units.
View 2BR apartments →For family tenants or owner-occupiers. Particularly strong in Athurugiriya, Thalawathugoda and Cressida-style resort developments.
View 3BR apartments →Limited inventory across Pentara, Waterdale, and Aurum Skyline. Premium pricing but exceptional capital growth track record.
View penthouses →Australian buyers ask this question constantly. The answer rests on three pillars of Sri Lankan law.
Australian buyers attracted by "land for AUD 80,000" almost always end up signing a 99-year lease they don't fully understand, or worse, becoming a 49% shareholder in a Sri Lankan company they have no control over. Apartments simplify all of this.
For the full legal walk-through, see our pillar guide: How to Buy Property in Sri Lanka from Australia.
The full process is covered in our pillar guide. Summarised:
Virtual tour, brochure, AUD price confirmed.
With a Sri Lankan licensed bank, coordinated by our office.
10% deposit, independent lawyer review.
From your AUD account, through the IIA, to the developer.
VAT, stamp duty, notary fees. Deed signed remotely or in person.
Take possession, optionally appoint Home Lands rental team.
For pure capital growth, Colombo 7 and its borders (Thummulla, Jawatta, Cinnamon Gardens) lead — they hold value through every cycle. For rental yield, Rajagiriya, Nawala and Thalawathugoda balance professional-tenant demand with reasonable entry prices. For lifestyle and short-stay yield, Wadduwa, Negombo and Mount Lavinia beachfront offer 6–10% gross. For entry-level investment, Athurugiriya and Kahathuduwa are the value plays.
Entry-level Home Lands apartments start from AUD 165,000 in outer suburbs like Athurugiriya and Kahathuduwa. Mid-tier resort apartments in Malabe, Piliyandala, Negombo and Wadduwa run AUD 200,000–280,000. Inner Colombo (Rajagiriya, Nawala, Thalawathugoda) is AUD 250,000–350,000. Premium Colombo 7 border units start at AUD 220,000 and rise to AUD 500,000+ for penthouses in Pentara Residencies and similar.
Long-let yields on Colombo apartments averaged 5.8% gross in 2025 based on local valuer data, with inner-Colombo suburbs (Rajagiriya, Nawala) typically at the top of that range. Suburban resort apartments (Malabe, Athurugiriya) yield 5–7%. Beachfront villas used for short-stays (Wadduwa, Negombo) can yield 6–10% gross but with materially higher operating costs and seasonal volatility.
Resort apartments are part of a master-planned development with pool, clubhouse, gym, gardens and on-site management. They typically sit in suburban locations (Athurugiriya, Malabe, Kahathuduwa) and offer larger floor plates than inner-Colombo apartments at the same price. Regular apartments sit in single-tower buildings inside the city, with smaller floor plates but better walkability and stronger long-let demand.
Off-plan can save 10–20% versus completed-build pricing but carries delivery risk. We mitigate it three ways: (1) Home Lands has a 35-year delivery history that you can verify on the CSE; (2) payments are staged against construction milestones, not paid upfront; (3) the Condominium Management Authority registration must be confirmed before the deed can be executed, which protects you legally. Off-plan suits investors who can afford to wait 18–30 months for handover.
No — physical possession passes at handover, after the deed is executed and the building has its Certificate of Conformity. Many of our Australian clients line up rental tenants in the month before handover so income starts within 30 days of taking possession; our rental management arm coordinates this.
Home Lands apartments are sold turnkey: built-in kitchen with cabinetry and stone counters, ceiling-mounted air-conditioning in bedrooms and living areas, ceramic or porcelain tiled floors, fitted wardrobes in master bedrooms, and full bathroom fit-out. Furniture is excluded but available as an optional package. Parking is typically one bay included; second bays can be purchased.
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