Frequently Asked Questions

With over 47+ completed projects and 30 years of industry leadership, Prime Group is one of Sri Lanka’s most trusted and awarded real estate developers.

Our projects are located in key areas such as Colombo 05, Colombo 08 , Negombo, Tangalle and other high-potential urban and suburban locations.

We develop residential apartments, luxury villas and land plots to suit various buyer and investor needs.

Absolutely. We’re known for transparency, on-time delivery, and consistent quality.

We offer 1% monthly installment plans (interest-free) payments and home loan options through partner banks.

No hidden fees. All costs, including legal and registration, are clearly explained upfront.

Yes, we offer limited-time early bird discounts and special deals on higher upfront payments.

Yes, international clients can pay through Inward Investment Accounts (IIA) in compliance with Sri Lankan regulations.

Yes, all our developments are approved by authorities like UDA, CMC, and other governance bodies.

Valid identification document ( NIC or passport ) , a completed KYC form, and a signed reservation form. Additional documents may be needed for foreign buyers.

Most of our properties are freehold and joint venture arrangements may be applicable in certain projects.

Yes, you will receive official title deeds after full payment and legal completion.

Project timelines are communicated at the time of reservation and may vary depending on the scale of the project.

Amenities may include pools, gyms, rooftop lounges, parking, 24/7 security, and more, depending on the project.

Yes, we work with banks like HNB, DFCC, Union Bank and many other leading local banks to offer financing support.

We’re here to help. We offer support with restructuring options to avoid penalties.

Our properties offer substantial rental yields and strong capital growth potential, depending on the location.

You can reach us via hotline, email, or by visiting our head office. We’re always here to help.

Yes, a monthly fee applies post-handover for the upkeep of common areas and services. All charges are transparent.

Yes, we provide complete property management, including tenant services, maintenance, and rent collection—ideal for overseas investors.

Yes. Sri Lanka allows eligible foreign nationals and overseas Sri Lankans to invest in qualifying condominium properties, subject to applicable laws and regulations. Condominiums are one of the most popular and practical investment options for international buyers.

Yes. Under Sri Lanka’s Investor Residence Visa framework, eligible non-citizens are required to make a minimum qualifying investment of USD 100,000. Real estate, including condominium property, is one approved investment category.

Property ownership alone does not automatically grant residency. However, eligible investors may explore residence options under Sri Lanka’s Investor Residence Visa framework, subject to approval by the Department of Immigration & Emigration.

Condominiums offer several advantages for international buyers, including:

• Legal ownership structures under condominium law
• Prime city and resort locations
• Lower maintenance compared to standalone properties
• Strong rental demand in key areas

Prime Lands Residencies PLC has over 30 years of experience and more than 70 completed developments, including over 50 condominium projects. We are trusted by both local and overseas buyers for our compliant project structures, clear titles, and strong focus on long-term value

Qualifying investments may include:

• Condominium property acquisitions (subject to regulations)
• Equity investments in Sri Lankan companies
• Term deposits with licensed banks
• Government and Central Bank securities
• Approved business ventures

Many investors choose real estate as a stable, tangible long-term investment.

Yes. All qualifying investments must be made using inward foreign remittances and routed through prescribed banking channels in Sri Lanka.

The process is as follows:

• First, funds must be remitted from overseas into an Inward Investment Account (IIA) opened with a licensed commercial bank (LCB) in Sri Lanka.
• Thereafter, the funds are transferred from the IIA into a Visa Programme Foreign Currency Account (VPFCA), through which the qualifying investment is made.Bank confirmation of these accounts and fund transfers is required as part of the visa application process.Prime may introduce licensed banks to assist with account opening, upon request.

Typically, the main applicant, spouse, and eligible dependents may be included, subject to immigration approval.

Indicatively:

• A minimum qualifying investment of USD 100,000 may allow visa issuance for up to five (5) years.
• A minimum qualifying investment of USD 200,000 may allow visa issuance for five (5) years with an official extension for a further five (5) years, subject to approval.

Visa durations and renewals are determined by authorities and depend on ongoing compliance.

Prime does not submit visa applications and does not provide legal or immigration services. However, Prime may introduce licensed legal and immigration professionals who can guide investors through the application process.

The Department of Immigration & Emigration may review the investment project every two years to ensure continued compliance with visa conditions.

Visa holders are required to inform the Department of Immigration & Emigration in writing within two months of any material changes to personal or investment details.

Yes. Investors may exit their investment subject to regulatory requirements. Authorities must be notified in advance, and fund transfers must comply with foreign exchange regulations.

Yes. As per current guidelines, the annual visa fee is USD 200 per person, payable by the main applicant, spouse, and each dependant. Fees are subject to change by authorities

No. The Investor Residence Visa provides temporary residence and does not automatically lead to permanent residency or citizenship.

In some cases, investors may combine approved investment categories to meet qualifying thresholds, subject to regulatory approval.

Prime supports investors throughout the property investment journey by:

• Presenting suitable condominium options
• Supporting the purchase and documentation process
• Introducing licensed banks and professional advisors when required
• Assisting with rental and resale through our Realty services

Our goal is to make your investment experience smooth, transparent, and secure.

You can begin by speaking with Prime’s overseas investment team, who can guide you on suitable condominium investment options and introduce trusted professionals where needed.