Sri Lanka’s Ministry of Urban Development invites investors to submit proposals for a prestigious mixed-use development project on a strategic site in central Colombo, one of the most sought-after opportunities in Sri Lanka’s urban real estate market.
Project details
- Land area: ~0.3385 hectares (0A-3R-13.85P)
- Lease term: 99 years
- Bid bond: LKR 25 million
The site is in a central Colombo business district, close to financial and commercial hubs and luxury hotels. It is zoned for modern urban development combining residential towers, offices, retail, tourism and leisure.
Proposed payment terms
Option 1: 25% of the land value within 30 days of the letter of intent (LOI); the 75% balance within a further three months.
Option 2: 25% within 30 days; the balance in equal annual instalments over a period chosen by the investor.
| Base values (approximate, LKR) | Amount |
|---|---|
| Initial payment (25%) | 464,794,125 |
| Balance (75%) | 1,415,298,111 |
Investment advantages
- Long-term 99-year government lease
- Central, strategic location in the heart of Colombo
- Mixed development of residential, office, retail and tourism uses
- Secure investment environment with government oversight and clear rules
- Direct access to modern infrastructure, public transport and financial centres
Bid process
Proposals are open to local and international investors and are evaluated under Ministry of Urban Development guidelines, with emphasis on financial strength, real estate development experience and the project’s threshold requirements. The site is particularly suited to institutional investors and developers with a long-term view.
Figures are as presented by the project owner or public sources and have not been independently audited. This page is general information, not investment, legal or tax advice. Investors should complete their own due diligence.
Frequently asked questions
What are the payment terms for the Colombo mixed-use site?
Option 1: 25% of the land value within 30 days of the letter of intent (LOI) and the 75% balance within a further three months. Option 2: 25% within 30 days and the balance in equal annual instalments over a period chosen by the investor.
Who can bid?
Local and international investors. Bids are assessed on financial strength, real estate development experience and compliance with the threshold requirements.
How long is the lease?
99 years from the Government of Sri Lanka.
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