Land values in the Colombo District recorded significant growth during the latter half of 2025, with residential land prices rising by 12.4 percent compared to the same period in 2024, according to the Central Bank of Sri Lanka.
Commercial land prices also experienced notable growth, increasing by 11.3 percent year-on-year, while industrial land values saw a comparatively moderate rise of 8.0 percent.
Reflecting this overall upward trend, the Land Valuation Indicator (LVI) for Colombo District climbed by 10.6 percent in the second half of 2025 compared to the corresponding period of the previous year. The Central Bank noted that all major components of the indicator—including residential, commercial, and industrial categories—contributed to the increase.
In addition to the annual growth, land values also recorded gradual increases compared to the first half of 2025. Among the three categories, residential and commercial land indicators showed stronger gains during this six-month period.
The continued rise in land prices highlights sustained demand and ongoing momentum in Colombo’s property market, particularly in residential and commercial sectors.
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