Apartments Price Trends in Sri Lanka: A Buyer's Guide

Apartment living is growing fast in Colombo and its suburbs, driven by demand for secure, low-maintenance homes close to work, schools and the city centre. From compact studios to large penthouses, Sri Lanka's apartment market now spans a wide range of budgets and locations.

Before buying or renting an apartment, look closely at the building's condition, management and monthly maintenance charges, its car parking allocation, and whether the unit has clear, transferable title (especially for older buildings). It's also worth checking water pressure, backup power, and lift maintenance history.

Use the listings below to see what's currently available, and check the price trend chart - powered by our Property Price Index - to get a sense of how apartment prices have moved over the past year before you negotiate.

Apartments Price Trends in Sri Lanka

For saleFor sale
For rentFor rent
Last 3 Months
Average PriceRs 59,877 per sqft
Price RangeRs 59,085 - Rs 61,319
Growth+5.1%
Last 6 Months
Average PriceRs 58,361 per sqft
Price RangeRs 56,359 - Rs 61,319
Growth+5.1%
Last 12 Months
Average PriceRs 56,109 per sqft
Price RangeRs 51,222 - Rs 61,319
Growth+6.2%
Last 24 Months
Average PriceRs 52,805 per sqft
Price RangeRs 44,833 - Rs 61,319
Growth+28.6%
Recent Price Comparison
vs Last Month-3.4%
vs Same Month Last Year+6.6%
vs Same Month, 2 Years Ago+30.6%
Buy vs Rent: Estimated Rental Yield
Estimated annual return from renting out a Apartments property, based on the average sale price and average rent shown below.
Average Sale PriceRs 49,549 per sqft
Average RentRs 220 per sqft
Estimated Gross Rental Yield5.32%
24-Month Price Trend
Monthly Price History
MonthAverage Price
October 2026Rs 59,227 per sqft
September 2026Rs 61,319 per sqft
August 2026Rs 59,085 per sqft
July 2026Rs 57,142 per sqft
June 2026Rs 57,035 per sqft
May 2026Rs 56,359 per sqft
April 2026Rs 56,344 per sqft
March 2026Rs 53,592 per sqft
February 2026Rs 53,735 per sqft
January 2026Rs 54,240 per sqft
December 2025Rs 54,013 per sqft
November 2025Rs 51,222 per sqft
October 2025Rs 55,540 per sqft
September 2025Rs 54,236 per sqft
August 2025Rs 53,560 per sqft
July 2025Rs 52,434 per sqft
June 2025Rs 49,515 per sqft
May 2025Rs 49,986 per sqft
April 2025Rs 46,919 per sqft
March 2025Rs 47,711 per sqft
February 2025Rs 47,249 per sqft
January 2025Rs 44,833 per sqft
December 2024Rs 45,966 per sqft
November 2024Rs 46,053 per sqft
Apartments Average Price by Bedrooms
1
Rs 60,440 per sqft
2
Rs 52,446 per sqft
3
Rs 46,476 per sqft
4
Rs 55,560 per sqft
4+
Rs 45,919 per sqft
Apartments Average Price by Location
Colombo Apartments Average Price
Rs 41,816 per sqft-15.6% vs. the Sri Lanka average
Based on 3639 active listings
Colombo 2 Apartments Average Price
Rs 116,277 per sqft+134.7% vs. the Sri Lanka average
Based on 550 active listings
Rajagiriya Apartments Average Price
Rs 47,354 per sqft-4.4% vs. the Sri Lanka average
Based on 475 active listings
Colombo 3 Apartments Average Price
Rs 70,973 per sqft+43.2% vs. the Sri Lanka average
Based on 394 active listings
Colombo 6 Apartments Average Price
Rs 43,502 per sqft-12.2% vs. the Sri Lanka average
Based on 267 active listings
Colombo 5 Apartments Average Price
Rs 61,173 per sqft+23.5% vs. the Sri Lanka average
Based on 245 active listings
Gampaha Apartments Average Price
Rs 30,651 per sqft-38.1% vs. the Sri Lanka average
Based on 234 active listings
Dehiwala Apartments Average Price
Rs 34,817 per sqft-29.7% vs. the Sri Lanka average
Based on 187 active listings
Mount Lavinia Apartments Average Price
Rs 34,740 per sqft-29.9% vs. the Sri Lanka average
Based on 140 active listings
Piliyandala Apartments Average Price
Rs 28,484 per sqft-42.5% vs. the Sri Lanka average
Based on 130 active listings
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Price information is based on historical data from ads posted on ikman and may not reflect the full market dynamics.

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