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 56,664 per sqft
Price RangeRs 56,357 - Rs 56,906
Growth+7.6%
Last 6 Months
Average PriceRs 55,619 per sqft
Price RangeRs 53,612 - Rs 56,906
Growth+5.5%
Last 12 Months
Average PriceRs 54,712 per sqft
Price RangeRs 51,233 - Rs 56,906
Growth+6.5%
Last 24 Months
Average PriceRs 51,058 per sqft
Price RangeRs 44,908 - Rs 56,906
Growth+26.2%
Recent Price Comparison
vs Last Month-0.3%
vs Same Month Last Year+8.2%
vs Same Month, 2 Years Ago+27.7%
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 48,577 per sqft
Average RentRs 210 per sqft
Estimated Gross Rental Yield5.19%
24-Month Price Trend
Monthly Price History
MonthAverage Price
July 2026Rs 56,729 per sqft
June 2026Rs 56,906 per sqft
May 2026Rs 56,357 per sqft
April 2026Rs 56,323 per sqft
March 2026Rs 53,612 per sqft
February 2026Rs 53,786 per sqft
January 2026Rs 54,252 per sqft
December 2025Rs 53,998 per sqft
November 2025Rs 51,233 per sqft
October 2025Rs 55,530 per sqft
September 2025Rs 54,257 per sqft
August 2025Rs 53,566 per sqft
July 2025Rs 52,438 per sqft
June 2025Rs 49,491 per sqft
May 2025Rs 50,027 per sqft
April 2025Rs 46,903 per sqft
March 2025Rs 47,790 per sqft
February 2025Rs 47,341 per sqft
January 2025Rs 44,908 per sqft
December 2024Rs 46,089 per sqft
November 2024Rs 46,086 per sqft
October 2024Rs 45,380 per sqft
September 2024Rs 47,415 per sqft
August 2024Rs 44,969 per sqft
Apartments Average Price by Bedrooms
1
Rs 58,834 per sqft
2
Rs 51,308 per sqft
3
Rs 45,514 per sqft
4
Rs 55,167 per sqft
4+
Rs 46,441 per sqft
Apartments Average Price by Location
Colombo Apartments Average Price
Rs 40,823 per sqft-16.0% vs. the Sri Lanka average
Based on 3066 active listings
Galle Apartments Average Price
Rs 52,761 per sqft+8.6% vs. the Sri Lanka average
Based on 9 active listings
Kalutara Apartments Average Price
Rs 40,991 per sqft-15.6% vs. the Sri Lanka average
Based on 6 active listings
Kandy Apartments Average Price
Rs 39,285 per sqft-19.1% vs. the Sri Lanka average
Based on 1 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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