Business · Sri Lanka Bureau
Bay One Residences marks milestone as Port City's first luxury residential tower rises
Construction of Sri Lanka's inaugural luxury residential development within the Port City Colombo Special Economic Zone has progressed above ground level, signalling advancement in the ambitious mixed-use waterfront project.
LSN Sri Lanka ·
Bay One Residences, situated within the Port City Colombo SEZ, has reached a construction milestone with structural work extending above ground, marking a significant stage in the development of the country's first purpose-built luxury residential tower within the economic zone.
The residential development represents a substantial investment in Sri Lanka's property sector and reflects growing interest in premium real estate offerings in the Port City precinct. The project's advancement comes as the broader Port City initiative continues to develop infrastructure and attract both commercial and residential investment to the Colombo waterfront.
The Bay One Residences project forms part of Port City Colombo's wider master plan to create a mixed-use destination combining residential, commercial, and recreational spaces. The development's progress is expected to contribute to the economic zone's objectives of attracting foreign direct investment and establishing Colombo as a regional financial and lifestyle hub.
Construction timelines and additional project specifications remain subject to developer announcements. The development is anticipated to enhance residential options for both local and international investors seeking premium properties in the Port City SEZ.