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 can be owned outright by Australians on any floor — the old 4th-floor restriction was removed by Act No. 21 of 2018. 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.
Apartments are the freehold route open to all buyers regardless of nationality the deed is in your name on any floor, following Act No. 21 of 2018. Dual citizens and Non-Resident Sri Lankans can also own freehold houses and land: see our houses & gated villas in Sri Lanka.
For prices, areas, bedroom options and full FAQs, read the complete apartment buying guide. The step-by-step process is in our buying-from-Australia guide.
