COLOMBO 09, SRI LANKA
Land mispriced for its location. Location suitable for affordable housing, the asset class with most demand in Sri Lanka.
Planning permission granted though the Urban Development Authority for 121 apartments, over 14 floors. The majority 2 bed, with 8% 3 bed apartments, 121 car parking spaces, reception and roof top gymnasium. Construction in progress.
Colombo 09, 4KM from the CBD.
A Greenfield site, measuring 106 perches (0.66 acres) in an area of high density, on the heart of Colombo.