Kolaboro / Projects / Sri Lanka
Bay One Residences Colombo: reviews and facts
What is published about Bay One Residences Colombo in Marina precinct plot 1-2-5, Port City Colombo SEZ, Sri Lanka, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Developer
- ICC Port City bayonecolombo.com
- Location
- Marina precinct plot 1-2-5, Port City Colombo SEZ, Sri Lanka
- Stage
- under construction · active bayonecolombo.com
- Handover on record
- January 2029 bayonecolombo.com
- Permit or licence number
- not published
- Deposit protection
- not researched yet
- Page we read
- bayonecolombo.com bayonecolombo.com
- Last checked
- 1 Nov 2026
- Open data record
- LKA-001
In short
- Bay One Residences Colombo is listed as under construction in Marina precinct plot 1-2-5, Port City Colombo SEZ, Sri Lanka, by ICC Port City. bayonecolombo.com
- The handover date on record is January 2029. bayonecolombo.com
- No permit or licence number is published in the sources we read. bayonecolombo.com
- Of 13 developer claims we checked, 4 are confirmed by a register or an independent source, 8 are not yet verified and 1 are contradicted by another source. Open data record
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Price from: USD 500,000 bayonecolombo.com
- Units: 231 bayonecolombo.com
- Unit sizes: 69 - 799 m² bayonecolombo.com
- Unit types: 1BR, 2BR, 3BR, 4BR, penthouse bayonecolombo.com
- Ownership: Port City SEZ condominium; CPCEC Act allows lease or freehold transfer of condominium parcels to foreigners paid in foreign currency; tenure for this project not published bayonecolombo.com
- Permit authority: Colombo Port City Economic Commission (CPCEC) bayonecolombo.com
- Construction start: February 2026 bayonecolombo.com
- Handover promised: Q1 2029 bayonecolombo.com
- floor plans by type (1 to 4 bedrooms, penthouse) on official site bayonecolombo.com
- unit sizes 69 to 544 sqm; prices from USD 500,000 bayonecolombo.com
- dated milestones: launch 22 Jan 2026, sales gallery 31 Jan 2026, piling from 12 Feb 2026, model reveal 11 May 2026, substructure completed Sept 2026 bayonecolombo.com
- completion target January 2029; over 65% sold (Sept 2026 release) bayonecolombo.com
- developer list of completed housing projects (icc-construct.com) bayonecolombo.com
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- Handover or completion: January 2029 date still ahead
our research record of 1 Nov 2026 bayonecolombo.com
Permits and licences
- No permit or licence number is published in the sources we read.
- Developer says it holds Authorised Person and Business of Strategic Importance status in Port City but prints no licence or building approval number. The Treasury-published CPCEC list of Authorised Persons (31 Mar 2025) includes 'I C C Port City (Private) Limited', licence 2501150108, under s.35 of the CPCEC Act bayonecolombo.com
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | no | confirmed in an official register | Developer says it holds Authorised Person and Business of Strategic Importance status in Port City but prints no licence or building approval number. The Treasury-published CPCEC list of Authorised Persons (31 Mar 2025) includes 'I C C Port City (Private) Limited', licence 2501150108, under s.35 of the CPCEC Act bayonecolombo.com |
| Deposit protection | no | not published | Nothing published on deposit protection bayonecolombo.com |
| Construction progress | yes | stated only by the developer | Dated milestones on official site and releases: piling 12 Feb 2026, substructure completed and superstructure rising (Sept 2026); no % figure bayonecolombo.com |
| Floor or site plans | yes | stated only by the developer | Official site has a floor plans section by bedroom type bayonecolombo.com |
| Developer track record | yes | stated only by the developer | Developer website lists named completed housing projects with years; most were built as contractor for other developers bayonecolombo.com |
| No guaranteed returns | yes | not published | No guaranteed return; site refers to 'attractive year-on-year investment returns' for Port City generally bayonecolombo.com |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| ICC Port City is a licensed Authorised Person in Port City Colombo | verified | registry | treasury.gov.lk |
| ICC Port City holds Business of Strategic Importance status | not verified yet | news.marketersmedia.com | |
| Plot 1-2-5 in the Marina precinct committed to Bay One | verified | independent | portcitycolombo.lk |
| First private residential project in Port City to move to construction | verified | independent | english.cnl.lk |
| Piling started 12 Feb 2026; Daily FT says construction began Jan 2026 | contradicted | independent | ft.lk |
| Substructure completed by Sept 2026 | not verified yet | linkedin.com | |
| Completion January 2029 | not verified yet | markets.businessinsider.com | |
| 231 units, USD 112m, 13,945 sqm site | verified | independent | portcitycolombo.lk |
| Over 65% of units sold (50% in May 2026) | not verified yet | news.marketersmedia.com | |
| Prices from USD 500,000 | not verified yet | bayonecolombo.com | |
| ICC completed 220+ projects in 45 years | not verified yet | ft.lk | |
| Buyers get freehold condominium title (CPCEC Act allows freehold or lease of condominium parcels) | not verified yet | portcitystorage.blob.core.windows.net | |
| Buyer deposits protected | not verified yet | bayonecolombo.com |
What changed, with dates
- No dated change recorded yet.
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
- Head office: Nugegoda, Sri Lanka bayonecolombo.com
- Legal entity: ICC Port City (Private) Limited, wholly owned by International Construction Consortium (Pvt) Ltd; CPCEC licence 2501150108 bayonecolombo.com
- Developer website lists named completed housing projects with years; most were built as contractor for other developers bayonecolombo.com
Similar projects
- Skyhaus Sri Lanka · under construction
- Central Park Boulevard Port City Colombo Sri Lanka · under construction
- Fairway Latitude Sri Lanka · under construction
- Mireka Seascape Sri Lanka · under construction
- YOLO by Prime Lands Sri Lanka · under construction
Market context: Sri Lanka
- We track 10 projects in Sri Lanka. 0% publish a permit or licence number and 0% state deposit protection. kolaboro.com/m
Buyer reviews
There are no verified buyer reviews of Bay One Residences Colombo yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is Bay One Residences Colombo legit?
Kolaboro does not label projects or developers. What the public record shows: No permit or licence number is published in the sources we read. Of 13 developer claims we checked, 4 are confirmed by a register or an independent source, 8 are not yet verified and 1 are contradicted by another source. The handover date on record is January 2029. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will Bay One Residences Colombo be delivered?
The handover date on record is January 2029.
Who is the developer of Bay One Residences Colombo?
ICC Port City, according to the sources listed on this page.
Does Bay One Residences Colombo have a permit or licence?
A permit or licence is confirmed in an official register (see Permits and licences).
Are there reviews of Bay One Residences Colombo?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- bayonecolombo.com https://bayonecolombo.com/
- english.cnl.lk https://english.cnl.lk/colombo-port-citys-fdi-test-begins-with-first-residential-project-p...
- icc-construct.com https://icc-construct.com/blog/bay-one-residences-colombo-a-new-benchmark-in-waterfront-lu...
- icc-construct.com https://icc-construct.com/blog/official-reveal-of-the-bay-one-residences-colombo-architect...
- icc-construct.com https://icc-construct.com/completed-housing-projects
- markets.businessinsider.com https://markets.businessinsider.com/news/stocks/sri-lanka-s-first-luxury-residential-devel...
- news.marketersmedia.com https://news.marketersmedia.com/sri-lankas-first-luxury-residential-development-in-port-ci...
- portcitystorage.blob.core.windows.net https://portcitystorage.blob.core.windows.net/pc-website/documents/Colombo_Port_City_Econo...
- dailymirror.lk https://www.dailymirror.lk/business-news/ICC-unveils-architectural-scale-model-of-Bay-One-...
- ft.lk https://www.ft.lk/propertyconstruction/ICC-unveils-architectural-scale-model-of-Bay-One-Re...
- linkedin.com https://www.linkedin.com/posts/icclk_icc-iccportcity-bayoneresidences-activity-75025965583...
- portcitycolombo.gov.lk https://www.portcitycolombo.gov.lk/port-city-colombo
- portcitycolombo.lk https://www.portcitycolombo.lk/featured-developments/luxury-marina-residence/
- thailand-business-news.com https://www.thailand-business-news.com/pr-news/sri-lankas-first-luxury-residential-develop...
- treasury.gov.lk https://www.treasury.gov.lk/api/file/3fbd551c-c07e-4386-8423-9a336ba2f6aa
Last checked 1 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.