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 57,509 per sqft
Price RangeRs 56,900 - Rs 58,595
Growth+3.4%
Last 6 Months
Average PriceRs 56,478 per sqft
Price RangeRs 53,632 - Rs 58,595
Growth+9.3%
Last 12 Months
Average PriceRs 55,159 per sqft
Price RangeRs 51,209 - Rs 58,595
Growth+6.7%
Last 24 Months
Average PriceRs 51,634 per sqft
Price RangeRs 44,910 - Rs 58,595
Growth+23.6%
Recent Price Comparison
vs Last Month+3.0%
vs Same Month Last Year+9.4%
vs Same Month, 2 Years Ago+30.3%
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 48,884 per sqft
Average RentRs 213 per sqft
Estimated Gross Rental Yield5.23%
24-Month Price Trend
Monthly Price History
MonthAverage Price
August 2026Rs 58,595 per sqft
July 2026Rs 56,900 per sqft
June 2026Rs 57,031 per sqft
May 2026Rs 56,360 per sqft
April 2026Rs 56,350 per sqft
March 2026Rs 53,632 per sqft
February 2026Rs 53,805 per sqft
January 2026Rs 54,283 per sqft
December 2025Rs 53,984 per sqft
November 2025Rs 51,209 per sqft
October 2025Rs 55,523 per sqft
September 2025Rs 54,239 per sqft
August 2025Rs 53,539 per sqft
July 2025Rs 52,402 per sqft
June 2025Rs 49,486 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 44,910 per sqft
December 2024Rs 46,069 per sqft
November 2024Rs 46,069 per sqft
October 2024Rs 45,367 per sqft
September 2024Rs 47,398 per sqft
Apartments Average Price by Bedrooms
1
Rs 59,324 per sqft
2
Rs 51,684 per sqft
3
Rs 45,780 per sqft
4
Rs 55,332 per sqft
4+
Rs 46,527 per sqft
Apartments Average Price by Location
Colombo Apartments Average Price
Rs 41,814 per sqft-14.5% vs. the Sri Lanka average
Based on 3221 active listings
Gampaha Apartments Average Price
Rs 32,804 per sqft-32.9% vs. the Sri Lanka average
Based on 184 active listings
Galle Apartments Average Price
Rs 43,903 per sqft-10.2% vs. the Sri Lanka average
Based on 17 active listings
Nuwara Eliya Apartments Average Price
Rs 39,655 per sqft-18.9% vs. the Sri Lanka average
Based on 8 active listings
Kalutara Apartments Average Price
Rs 41,782 per sqft-14.5% vs. the Sri Lanka average
Based on 5 active listings
Kandy Apartments Average Price
Rs 38,825 per sqft-20.6% vs. the Sri Lanka average
Based on 2 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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