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Under construction · completed to the 6th floor
Fairway Latitude — Colombo 05 apartments on a plan running to 2028
Fairway’s seventh luxury development in the capital. Freehold title and key approvals are in place, construction has reached the 6th floor, and entry starts at $199,396 with payments tied to super-structure milestones.
7th
luxury project by Fairway
Q1 2028
estimated completion
6th floor
current construction progress
$199,396
entry from (2BR)
Freehold title obtained
Key approvals obtained
Colombo 05
Milestone-based payment plan
Why now
The usual instruments no longer protect capital
Deposits & bonds
Nominal returns in a soft currency that inflation eats away. Real yield near zero.
Property back home
Needs constant involvement, and price growth has stalled against expensive mortgages.
Dubai, Thailand, Bali
Overheated markets with $150k–250k entry. Too late for the early-stage upside.
A single currency
Assets in one currency is a risk. You want dollar income in a growing economy.
Why Colombo 05
A capital-city address where the district itself creates liquidity
Colombo 05 is an established residential district: Royal Institute, Elizabeth Moir and Lyceum schools, Ninewells, Lanka Hospitals and Asiri Health, Havelock City Mall, and Keells, Glomark and SPAR supermarkets. An address like this works equally well for renting and for resale.
- 2BR starts at LKR 66M against LKR 74M and LKR 110M at comparable local projects
- Freehold title and key approvals obtained, construction under way
- Completed to the 6th floor, with a first-quarter 2028 completion target
- Previous Fairway projects added 138–155% over their launch prices
- Rooftop infinity pool, gym, clubhouse, concierge and 24/7 security
- Payments follow completed super-structure levels rather than the calendar
Example investment
Entry into the project in numbers
The entry format is an 83.8 m² two-bedroom unit. Above it sit three-bedroom layouts of 129–142 m² and a combined four-bedroom unit of 267.66 m².
$199,396
Entry from (2BR, 83.8 m²)
$290,030
3BR from (129–142 m²)
Q1 2028
Estimated completion
6th floor
Built so far
Brochure prices are quoted in LKR (2BR from 66M, 3BR from 96M); USD values use ~331 LKR/USD as of 15 Jun 2026 and are platform display prices.
Units
2BR, 3BR and a combined 4BR layout
Each unit is a separate listing with a floor plan, area and an inquiry form.
Fairway Latitude 2BR - Type B1
84 m²2 bed2 bath
from $199,396Open unit
Fairway Latitude 2BR - Type B2
84 m²2 bed2 bath
from $199,396Open unit
Fairway Latitude 3BR - Type A1
141 m²3 bed2 bath
from $290,030Open unit
Fairway Latitude 3BR - Type A2
141 m²3 bed2 bath
from $290,030Open unit
Fairway Latitude 3BR - Type C1
142 m²3 bed2 bath
from $290,030Open unit
Fairway Latitude 3BR - Type E1
134 m²3 bed2 bath
from $290,030Open unit
Fairway Latitude 3BR - Type E2
134 m²3 bed2 bath
from $290,030Open unit
Fairway Latitude 3BR - Type D1
129 m²3 bed2 bath
from $290,030Open unit
Fairway Latitude 4BR - Combined Unit
268 m²4 bed3 bath
from $580,060Open unit
Investment strategy
Build your Fairway Latitude strategy in 4 steps
Answer four quick questions — we reply with a shortlist of units and a yield calculation.
Step 1 of 4
How much are you looking to invest?
How we work
Six steps from inquiry to closing
1
Consultation
We discuss goals, budget and strategy and help you choose a unit type.
2
Unit shortlist
We prepare 2–3 options with yield and capital-growth calculations.
3
Reservation
We lock your chosen unit on the developer’s terms — directly, no middlemen.
4
Agreement
We sign the contract, arrange the bank transfer and register the title.
5
Document check
Lawyers verify approvals and the title deed before any money moves.
6
Handover & rental
We accept the unit, help with furnishing and launch the rental programme.
Amenities
Rooftop amenities and in-building service
- Rooftop infinity pool with panoramic views
- Fully equipped gymnasium
- Landscaped rooftop terrace
- On-site convenience store
- Clubhouse / function hall
- Concierge services
- Elegant lobby space
- Dedicated visitor parking & drop-off
- Bicycle racks & storage
- High-speed elevators
- 24/7 security + CCTV
- Building management office
- Resident service app
- After-sales & maintenance support
- Interior design consultations
Payment plan
Instalments tied to super-structure milestones
- 1
Reservation fee: Rs. 1,500,000
- 2
1st installment: 30% at sales and purchase agreement, less reservation fee
- 3
2nd installment: 10% at completion of 8th level super-structure
- 4
3rd installment: 10% at completion of 14th level super-structure
- 5
4th installment: 20% at completion of 22nd level super-structure
- 6
5th installment: 20% at completion of 27th level super-structure
- 7
6th installment: 10% when the developer notifies purchaser to take over possession
Each instalment falls due when a level is actually finished, not on a calendar date.
Documents & progress
Approvals and construction milestones
- Development permit obtainedCompleted
- Key approvals obtainedCompleted
- Freehold titleCompleted
- Construction commencedCompleted
- Completed till 6th floorCompleted
- 8th level super-structure completionPending
- 14th level super-structure completionPending
- 22nd level super-structure completionPending
- 27th level super-structure completionPending
- Possession handover notificationPending
Estimated completion
Quarter 01 2028
Market evidence
Figures from the developer materials
Price appreciation over recent Fairway projects
3-bedroom apartment launch and current price comparison from the brochure.
| Project | Avg. launch price | Avg. current price | Appreciation |
|---|---|---|---|
| Fairway SkyGardens (2015) | 36 million | 85 million | 139% |
| Fairway Galle (2018) | 16 million | 40 million | 148% |
| Fairway Elements (2019) | 37 million | 95 million | 155% |
| Fairway Urban Homes (2020) | 18 million | 43 million | 138% |
Return on investment price comparison
Starting prices in LKR million and peer variance from Fairway Latitude.
| Project | 2BR start | 3BR start | Variance | Construction status |
|---|---|---|---|---|
| Peer 01 | 74 | 115 | 18% | Superstructure ongoing |
| Peer 02 | 110 | 124 | 46% | Piling commenced |
| Fairway Latitude | 66 | 96 | Baseline | Completed till 6th floor |
Project materials
Floor plans, site plan and specifications
Location
What surrounds the project
Colombo 05, Colombo, Sri Lanka
Nearby infrastructure
- SchoolsRoyal Institute, Elizabeth Moir, Lyceum
- HospitalsNinewells, Lanka Hospitals, Asiri Health
- LifestyleHavelock City Mall
- SupermarketsKeells, Glomark, SPAR
- RetailODEL, Dilly & Carlo, Hameedia
- RestaurantsBarista, Java Lounge, Maison de Colombo
Why you can trust us
We guide the deal from shortlist to handover
We don’t sell everything for a commission. We select projects with real investment potential and guide you at every step — including approval checks and a remote closing.
Fairway Latitude (Pvt) Ltd
Project developer · fairwayproperties.lk
- Fairway has delivered six landmark developments before this one
- Freehold title and key approvals were obtained before sales started
- Payments are tied to completed super-structure levels
- The project team is disclosed: architect, structural, MEP and QS
Q&A
Frequent investor questions
When will the project be completed?+
The completion target is the first quarter of 2028. Construction has currently reached the 6th floor.
Which approvals are already in place?+
The development permit, key approvals and freehold title have been obtained and construction has commenced. The remaining milestones are super-structure completion at levels 8, 14, 22 and 27, then the possession handover notification.
What does entry cost?+
Two-bedroom units of 83.8 m² start at LKR 66M (about $199,396); three-bedroom layouts of 129–142 m² start at LKR 96M (about $290,030); the combined four-bedroom unit is 267.66 m².
How does the payment plan work?+
A reservation fee of Rs. 1,500,000, then 30% at the sales and purchase agreement (less the reservation fee), 10% at level 8, 10% at level 14, 20% at level 22, 20% at level 27, and 10% when the developer notifies you to take over possession.
Why is it cheaper than neighbouring projects?+
In the brochure comparison the 2BR start is LKR 66M against LKR 74M and LKR 110M at comparable projects — a variance of 18% and 46%. Latitude is also further along: completed to the 6th floor, while the peers are at superstructure and piling stage.
Who is building it?+
The developer is Fairway Latitude (Pvt) Ltd. ISS Architects is the architect, Design & Structural Consortium the structural engineer, Kent Engineers the turnkey MEP partner, and Qserve handles quantity surveying and project management.
Leave a request
Get floor plans, prices and the payment schedule
Our team replies within 24 hours with current layouts and a calculation for Fairway Latitude.
Freehold title obtained
Key approvals obtained
Colombo 05
Milestone-based payment plan
Contact Agent
Interested in: Fairway Latitude