TRI-ZEN achieves largest apartment handover in a single project in Sri Lanka
The Morning: John Keells Properties (JKP) is proud to announce a historic milestone with 700 apartment units successfully handed over to homeowners at TRI-ZEN — marking the largest handover of residential units in a single development in Sri Lanka to date.
Located in the heart of Colombo 02 on Union Place, TRI-ZEN is a modern smart-living residential development designed for homeowners and investors seeking convenience, connectivity, and long-term value.
The project comprises three towers with a total of 897 smart apartments, offering a variety of lifestyle amenities including two gyms, multiple pools, a yoga deck, kids’ play area, mini cinema, several function rooms, a jogging track, in-house laundry facilities, and more.
To date, 85% of the units at TRI-ZEN have been sold, reflecting a strong demand for these smartest apartments in the heart of the city.
Of the 700 units handed over, nearly half are already occupied — with both homeowners and tenants taking full advantage of the project’s prime location and thoughtfully curated living experience.
The development is also demonstrating robust rental performance, with 2-bedroom apartments fetching a gross rental yield of up to 7% per annum.
TRI-ZEN continues to present an attractive investment proposition, with a limited number of units still available. Buyers also have the option to purchase apartments with existing tenants, allowing for immediate rental income. With consistent demand from both local and expatriate tenants, TRI-ZEN strengthens Colombo’s position as an emerging real estate investment hub.
“We are extremely proud to reach the 700-unit handover mark at TRI-ZEN. This milestone reflects the dedication of the entire team and the growing trust in John Keells Properties,” said Inoke Perera, Sector Head at John Keells Properties and Executive Vice President at John Keells Group. “The strong rental performance and occupancy rates also signal the strength of Colombo’s emerging residential market.”
OSL take:
Sri Lanka’s ongoing economic expansion and the target of achieving hub status in the South Asian region have resulted in the growth of the country’s real estate industry, especially in the house and property sectors. The steadily increasing land value in Sri Lanka, especially in the country’s commercial capital, Colombo, is also indicative of the increasing business potential in the real estate industry including the house and property sectors. Apart from the growth in the real estate sector, it has also resulted in an expansion in Sri Lanka’s construction industry as well. All these movements present many business/investment opportunities in Sri Lanka’s real estate industry and related sectors as well as in the construction industry. Foreign businesses/investors exploring business/investment opportunities in the region and in Sri Lanka could confidently explore the emerging lucrative opportunities in Sri Lanka’s real estate industry and related sectors as well as in the construction industry.
| Article Code : | VBS/AT/20250806/Z_4 |