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 56,706 per sqft
Price RangeRs 56,353 - Rs 57,023
Growth+7.7%
Last 6 Months
Average PriceRs 55,667 per sqft
Price RangeRs 53,688 - Rs 57,023
Growth+6.0%
Last 12 Months
Average PriceRs 54,734 per sqft
Price RangeRs 51,224 - Rs 57,023
Growth+6.4%
Last 24 Months
Average PriceRs 51,070 per sqft
Price RangeRs 44,908 - Rs 57,023
Growth+26.8%
Recent Price Comparison
vs Last Month+0.5%
vs Same Month Last Year+8.7%
vs Same Month, 2 Years Ago+28.3%
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 48,557 per sqft
Average RentRs 210 per sqft
Estimated Gross Rental Yield5.19%
24-Month Price Trend
Monthly Price History
MonthAverage Price
July 2026Rs 57,023 per sqft
June 2026Rs 56,741 per sqft
May 2026Rs 56,353 per sqft
April 2026Rs 56,403 per sqft
March 2026Rs 53,688 per sqft
February 2026Rs 53,796 per sqft
January 2026Rs 54,252 per sqft
December 2025Rs 53,991 per sqft
November 2025Rs 51,224 per sqft
October 2025Rs 55,523 per sqft
September 2025Rs 54,258 per sqft
August 2025Rs 53,559 per sqft
July 2025Rs 52,438 per sqft
June 2025Rs 49,496 per sqft
May 2025Rs 50,032 per sqft
April 2025Rs 46,914 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 58,709 per sqft
2
Rs 51,327 per sqft
3
Rs 45,477 per sqft
4
Rs 55,116 per sqft
4+
Rs 46,350 per sqft
Apartments Average Price by Location
Colombo Apartments Average Price
Rs 40,741 per sqft-16.1% vs. the Sri Lanka average
Based on 3151 active listings
Gampaha Apartments Average Price
Rs 32,682 per sqft-32.7% vs. the Sri Lanka average
Based on 215 active listings
Galle Apartments Average Price
Rs 52,761 per sqft+8.7% vs. the Sri Lanka average
Based on 43 active listings
Nuwara Eliya Apartments Average Price
Rs 39,642 per sqft-18.4% vs. the Sri Lanka average
Based on 10 active listings
Kalutara Apartments Average Price
Rs 41,014 per sqft-15.5% vs. the Sri Lanka average
Based on 7 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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