Under Construction

Bay One Residences Colombo

Bay One Residences Colombo is a 17-storey, 231-residence luxury tower and the first residential development within the Colombo Port City special economic zone in Sri Lanka.

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TMW IntelligenceVerified Oct 5, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
01.22.26
Start
01.29
Completion
231
Units
17
Floors
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Details

Marina Esplanade, Port City Colombo, Colombo. 17 floors and 231 residences. Broke ground January 2026, completing January 2029.

The story so far
Announced 2026 est.Bay One Residences Colombo launched as the first residential development in the Colombo Port City SEZ
dailynews.lk
Broke ground Jan 22, 2026Corrects the recorded groundbreaking date: ICC Port City broke ground on Jan 22 2026, not February — the US$112M, 231-unit tower is Port City Colombo's first residential project
lankabusinessonline.com
Sales launched Feb 26, 2026ICC opened the Bay One Residences sales gallery, launching sales of the 231 apartments from US$500,000; roughly half the units were sold by mid-2026
icc-construct.com
Half sold at model reveal May 2026ICC unveiled the Bay One scale model at its sales gallery with about 50% of the 231 residences sold and foundation works underway (Daily Mirror)
dailymirror.lk
Going vertical Sep 2026Substructure complete and the tower is now rising above ground; piling began February 2026 and works are on schedule per ICC Port City.
businessintelligence.mo
Over 65% sold Sep 2026ICC Port City reports more than 65% of the 231 residences at Bay One Residences Colombo sold as the superstructure rises above ground, up from roughly half earlier in 2026.
manilatimes.net
Expected opening Jan 2029
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About the project

Bay One Residences Colombo is a 17-storey, 231-residence luxury tower and the first residential development within the Colombo Port City special economic zone in Sri Lanka. Set on a waterfront plot facing the marina and the Indian Ocean, the marina-front tower ranges from one-bedroom apartments to expansive four-bedroom units and a penthouse, each oriented to capture uninterrupted ocean and harbour views, with resort-style amenities befitting a landmark waterfront address.

Developer & design
Developer
ICC Port City
Common questions

Frequently asked

Where is Bay One Residences Colombo located?

Bay One Residences Colombo is located in Colombo.

When will Bay One Residences Colombo be completed?

Bay One Residences Colombo is under construction, with completion expected in January 2029.

Who is developing Bay One Residences Colombo?

ICC Port City is the developer behind Bay One Residences Colombo.

How big is Bay One Residences Colombo?

Bay One Residences Colombo rises 17 stories with 231 residences.