Prime Residencies


Q: Could you share some of the organisation’s key milestones?
A: Prime Lands – the parent company of Prime Lands Residencies – was inaugurated 26 years ago. Since our humble beginnings as a four person operation, we’ve come a long way to become one of Sri Lanka’s most coveted groups of companies and a market leader in real estate.
We own the largest land bank in the country, and our portfolio has been expanding exponentially to include land, homes, high rises and ultra-luxury apartments.
Last year, Prime Lands Residencies was listed on the Colombo Stock Exchange (CSE) and recorded a profit after tax of Rs. 1,158 million for the first nine months of financial year 2021/22; and it registered a profit after tax of 450 million rupees for the third quarter of the year.
We have been acknowledged as the first and highest credit rated real estate group in the country, and ICRA Lanka has reaffirmed our rating of ‘[SL]A’ with a Stable outlook, signifying our financial soundness and strength.
We’re humbled to be the leading real estate consumer brand in Sri Lanka and among the country’s 100 Most Valuable Consumer Brands. In addition, LMD has ranked us as the Most Respected real estate organisation for four years and Most Awarded real estate entity for two consecutive years.
And we have been recognised by Great Place to Work® for six years for being a team that works committedly with passion and purpose.
However, our most prominent achievements are the projects we have completed and handed over to consumers on time, and without compromising compliance with regulations and stringent quality standards.

Q: What is your organisation’s strategic intent?
A: Our vision is simple and powerful, and keeps us grounded; we’re committed to creating a better place on Earth. We strive to achieve this vision through our mission to shape the neighbourhoods of Sri Lanka.
Governed by our values of transparency, integrity, customer centricity and high financial discipline, our guiding principle is ensuring that ‘what we start, we have to hand over in the promised stature.’
Our strategic intent cascades down to the brand, from identifying customer needs to delivering their dream homes.
Customers have aspirational real estate needs – they invest their life’s savings when they acquire land, build a house, buy an ultra-luxury apartment to lead their dream lifestyle, or purchase a holiday home or resort type condominium to retire peacefully. All these needs are unique and we’re committed to fulfilling them.

Q: So how do you cater to evolving customer needs?
A: Urbanisation is relatively high in Sri Lanka; people yearn to live in urban areas due to employment opportunities, accessibility to leading schools, easy commuting, amenities and convenience.
Our lifestyle apartments are accessible to more people, not only the elite. We create better places for communities with gated neighbourhoods that provide privacy, safety and organised environments, and individual housing projects.
Prime Lands Residencies caters to different housing needs revolving around accessibility, availability of leisure activities, scenic views and luxury. Our beachfront properties provide the ultimate getaway experience, while the recently launched Rajadaniya project in Kurunegala offers both condominium and residential villa units.
The upcoming lagoon view property in Katunayake, adjacent to the highway entrance, offers a blend of scenic beauty and accessibility to metropolitan Colombo. The jewel in our crown is The Grand – Ward Place, the epitome of ultra-luxury and most sought after address in Colombo.

Q: How is Prime Residencies driving industry trends – and what can we expect in the next 12 months?
A: The next 12 months will be challenging given the prevailing macroeconomic challenges. Yet, as market leader, we must drive the industry forward.
Real estate has become the best solution to arrest all inflationary trends and secure your money. We provide a gamut of investment opportunities with interest free instalment plans and work collaboratively with leading commercial banks to offer financial solutions to help customers achieve their aspirational real estate needs.
Prime Residencies has several innovative projects lined up that will change the real estate landscape in Sri Lanka.
Our ultra-luxury villa project in Tangalle provides exclusive luxury living experiences, and the projects in Peliyagoda and Katunayake – located near highway entrances – offer easy access to metropolitan Colombo.
We also have several other projects – on Chandraleka Mawatha in Borella; Dehiwela; and a new housing complex coming up in Nuwara Eliya.

Telephone 2699822 Email info@primelands.lk Website www.primelands.lk