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 57,870 per sqft
Price RangeRs 57,040 - Rs 59,307
Growth+3.1%
Last 6 Months
Average PriceRs 56,655 per sqft
Price RangeRs 53,597 - Rs 59,307
Growth+10.7%
Last 12 Months
Average PriceRs 55,246 per sqft
Price RangeRs 51,220 - Rs 59,307
Growth+6.4%
Last 24 Months
Average PriceRs 51,678 per sqft
Price RangeRs 44,908 - Rs 59,307
Growth+25.1%
Recent Price Comparison
vs Last Month+3.6%
vs Same Month Last Year+10.8%
vs Same Month, 2 Years Ago+31.9%
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 48,858 per sqft
Average RentRs 217 per sqft
Estimated Gross Rental Yield5.32%
24-Month Price Trend
Monthly Price History
MonthAverage Price
August 2026Rs 59,307 per sqft
July 2026Rs 57,262 per sqft
June 2026Rs 57,040 per sqft
May 2026Rs 56,371 per sqft
April 2026Rs 56,351 per sqft
March 2026Rs 53,597 per sqft
February 2026Rs 53,785 per sqft
January 2026Rs 54,267 per sqft
December 2025Rs 53,997 per sqft
November 2025Rs 51,220 per sqft
October 2025Rs 55,523 per sqft
September 2025Rs 54,237 per sqft
August 2025Rs 53,548 per sqft
July 2025Rs 52,404 per sqft
June 2025Rs 49,500 per sqft
May 2025Rs 50,027 per sqft
April 2025Rs 46,913 per sqft
March 2025Rs 47,793 per sqft
February 2025Rs 47,336 per sqft
January 2025Rs 44,908 per sqft
December 2024Rs 46,067 per sqft
November 2024Rs 46,057 per sqft
October 2024Rs 45,367 per sqft
September 2024Rs 47,398 per sqft
Apartments Average Price by Bedrooms
1
Rs 60,175 per sqft
2
Rs 52,121 per sqft
3
Rs 46,166 per sqft
4
Rs 55,410 per sqft
4+
Rs 46,657 per sqft
Apartments Average Price by Location
Colombo Apartments Average Price
Rs 41,818 per sqft-14.4% vs. the Sri Lanka average
Based on 3460 active listings
Gampaha Apartments Average Price
Rs 32,117 per sqft-34.3% vs. the Sri Lanka average
Based on 234 active listings
Galle Apartments Average Price
Rs 44,263 per sqft-9.4% vs. the Sri Lanka average
Based on 16 active listings
Nuwara Eliya Apartments Average Price
Rs 39,525 per sqft-19.1% vs. the Sri Lanka average
Based on 13 active listings
Kalutara Apartments Average Price
Rs 41,976 per sqft-14.1% vs. the Sri Lanka average
Based on 5 active listings
Kandy Apartments Average Price
Rs 35,411 per sqft-27.5% vs. the Sri Lanka average
Based on 3 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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