Properties for sale in Thalahena

Results: 0

Colombo 03, or Kollupitiya, stands as the pinnacle of premium urban living and commercial dominance in Sri Lanka. Buying a property here—whether it is a luxury high-rise apartment overlooking the Indian Ocean or a prime commercial space—is one of the most secure and high-yielding real estate investments you can make in the capital. As a central hub connected directly to the Financial District, upscale shopping malls, elite international schools, and five-star hotels, Kollupitiya attracts high-net-worth individuals, tech executives, and the global diaspora. Investing in Colombo 03 ensures rapid capital appreciation and positions you at the very heart of the country's modern architectural evolution and cosmopolitan lifestyle.

No properties found

We couldn't find any properties matching your filters. Try adjusting your search or browsing a different area.

Frequently Asked Questions About Thalahena

We've answered some of the most common questions to help you get started.

Foreigners can legally purchase freehold apartments or condominiums in Colombo 03 on any floor above the ground level. However, purchasing outright freehold land in a personal name is restricted for non-citizens unless done via a 99-year lease or through a structured Sri Lankan company with majority local shareholding.

Buyers need to budget for a 3% to 4% Stamp Duty on the property value, 1% to 2% in legal and notary fees, and a 18% VAT if purchasing a brand-new apartment directly from a developer's primary market inventory.

All funds from overseas must be routed through an Inward Investment Account (IIA) opened at a commercial bank in Sri Lanka. This is a mandatory legal requirement that also ensures smooth repatriation of capital and capital gains back to your home country in the future.