Home Lands signs SPA for $ 150 m twin tower high-rise in Port City Colombo

Wednesday, 13 May 2026 12:02 - - {{hitsCtrl.values.hits}}

CHEC Port City Colombo Managing Director Xiong Hongfeng, Home Lands Group Managing Director Nalin Herath and Executive Director Amaya Herath

Project expected to attract large foreign currency inflows with total project value estimated at over $ 300 m

Home Lands Group’s Home Lands Port City Ltd. signed the Sales and Purchase Agreement (SPA) with CHEC Port City Colombo Ltd. to develop a twin tower high-rise project in the Central Park District of Port City that will merge with and overlook 40 acres of lush central parkland.

Home Lands said the project investment of $ 150 million marks the largest real estate investment by a single Sri Lankan developer. With the total project value estimated at over $ 300 million, this iconic twin tower high-rise project is expected to attract large foreign currency inflows into Sri Lanka.

Cabinet Spokesperson and Minister Dr. Nalinda Jayatissa had said that Home Lands Port City would construct an eco-friendly luxury twin residential tower, announcing the decision under “approved projects”, at the weekly post-Cabinet meeting media briefing last week.

The company said:

“This twin tower high-rise project will offer over 600 ultra luxury units consisting of residential, commercial and recreational spaces with world-class amenities. The ultra luxury residential spaces will consist of 1BR, 2BR and 3BR apartments, premium villas and penthouses. Port City Colombo being a well-planned city and the Central Park District’s high-rise design enables this twin tower high-rise project by Home Lands to offer uninterrupted Indian Ocean views, sunset views and scenic waterway views.

Home Lands, Sri Lanka’s number one, most trusted and most innovative developer, has been shaping the nation’s real estate landscape with a legacy built on trust, innovation, and excellence. Home Lands is the pioneer of resort-style residential developments in Sri Lanka and continues to redefine modern living, setting new benchmarks in quality, design, and lifestyle. As a fully integrated group of 14 companies, including its own construction arm, Heyraa Construction, holding the highest CS2 grading from CIDA, Home Lands delivers end-to-end solutions across real estate, construction, property management, and lifestyle creation, ensuring uncompromised quality, innovation, and customer satisfaction.

With a growing global presence and offices in Australia, Dubai, and London, Home Lands serves both local and international clients, delivering landmark residential projects across the country.

Home Lands has earned multiple accolades, including the Best Developer – Sri Lanka award at the PropertyGuru Asia Property Awards for three consecutive years, and in 2025 was honoured with Superbrands status, becoming the only real estate Superbrand in Sri Lanka.

Home Lands also stands as Sri Lanka’s most reputed developer renowned for timely delivery of projects upholding the highest quality standards. Home Lands has delivered a staggering 3,750 resort apartments and villas across a portfolio of themed mega residential developments with 500 more units ready for delivery within the next 6 months, while a further 2,200+ units are currently under construction across 8 futuristic mega lifestyle development projects, underscoring the company’s scale, momentum, and continued market leadership”.