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Colombo 2 — Slave Island, Union Place and the Galle Face waterfront — is the beating heart of the city’s modern high-rise living. It holds the densest concentration of brand-new, amenity-rich apartment towers in Sri Lanka, sits beside the commercial and financial district, and looks out over Galle Face Green and the ocean. It’s the city’s strongest rental catchment, drawing diplomats, expatriate executives and corporate tenants who want to live where they work.
Across the Colombo 2 apartments Axe Realty has transacted, monthly rents typically run about US$1.40–2.10 per square foot — among the highest in the city. Smaller, efficient units command the top of that range; larger luxury floorplates sit lower per square foot but higher in absolute rent. This reflects the area’s new-build quality, waterfront position and the depth of USD-paying tenant demand. (Figures from Axe Realty’s own closed deals.)
Colombo 2 is home to many of the city’s landmark addresses — Cinnamon Life, Trizen, 447 Luna Tower, Colombo City Centre and Shangri-La / One Galle Face Residencies among them. Each has its own character, unit mix and price position. (Link each to its development page.)
Our listings range from cozy 2-bedroom units to spacious sky-high homes and penthouses. Whether you’re looking to rent or buy, Colombo 02 has a fast-growing selection of investment-worthy properties.
Diplomats and embassy staff, senior corporate expats, and investors buying for USD rental yield. It suits anyone who values walkability to the business district, hotel-grade amenities, and a brand-new, secure, high-rise lifestyle.
We transact in these buildings constantly, so we know what’s actually available, what it genuinely rents and sells for unit-to-unit, and which buildings suit which tenant. Browse current Colombo 2 listings above, or request a free assessment for building-specific rent and sale figures.
