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Colombo, January 2026 — The Sri Lankan land market maintained strong development in 2025, with Colombo suburbs and Western Province districts rising as key drivers, in accordance with the most recent Land Value Index (LPI) 2025 (up to date), printed by LankaPropertyWeb (LPW). The 2025 index reveals that Colombo 1–15 recorded a 4% year-on-year improve in common land costs per perch, reaching LKR 12 Mn, whereas Colombo suburban areas noticed stronger development of 8%, averaging LKR 2.3 Mn per perch. Within the broader Western Province, the Gampaha District common land worth per perch rose 15% to LKR 769,097, whereas the Kalutara District gained 10%, reaching LKR 486,396.
Suburban and Rising Areas Lead Value Progress
The report highlights a transparent shift in investor curiosity towards suburbs and rising cities providing robust growth potential and affordability. The latest rise in land costs has been largely fueled by new residential tasks, ongoing land gross sales tasks, and enhancements in native infrastructure over the previous few years.Yakkala in Gampaha emerged as a standout performer with costs rising 35% to LKR 831,015 per perch, carefully adopted by Homagama in Colombo suburbs at LKR 916,912 per perch reflecting an identical 35% improve, attracting traders in search of residential land on the market in these suburbs. Negombo in Gampaha recorded a 35% rise to LKR 1,561,925, whereas Bandaragama in Kalutara grew 34% to LKR 545,533. In Colombo’s suburban belt, Piliyandala posted a 30% development to LKR 1,222,181 per perch, and Kaduwela, Pannipitiya, Moratuwa, and Nugegoda all skilled good points above 25%, reflecting sustained investor demand.
The 2025 LPI knowledge signifies that worth appreciation has been strongest in areas related to city infrastructure enhancements and new growth tasks. Central Colombo areas confirmed extra restrained development, with Colombo 10 rising 25% to LKR 14,589,277 per perch and Colombo 4 growing 17% to LKR 18,870,504, whereas areas corresponding to Colombo 6 and Colombo 13 skilled minimal good points.
Lengthy-Time period Progress Traits Spotlight Excessive Returns in Suburbs
longer-term tendencies from 2020 to 2025, a number of places outdoors essential cities have seen outstanding appreciation. Ingiriya in Kalutara topped the five-year development chart, with the common land worth per perch rising 322% to LKR 344,850. Padukka in Colombo suburbs adopted with a 221% improve to LKR 387,628, whereas Ragama in Gampaha grew 183% to LKR 1,121,599. Dompe, additionally in Gampaha, recorded a 143% rise to LKR 289,250 per perch, and Bandaragama in Kalutara appreciated 130% to LKR 545,533. Different high-performing suburban areas embody Moratuwa, Kaduwela, Piliyandala, and Hokandara, all demonstrating robust cumulative good points over the previous 5 years, highlighting the rising attractiveness of inexpensive land on the market within the suburbs.
Based on LPW, this upward development displays a shift in purchaser choice towards well-connected, inexpensive suburbs with robust growth prospects. “Buyers are specializing in areas that mix accessibility with worth, driving strong development in Gampaha, Kalutara, and Colombo’s suburban belt,” the report famous.
In regards to the LPI
This index captures annual adjustments in land costs throughout Western Province. Publicly accessible common asking costs for naked land printed on LPW and different on-line media had been used within the evaluation. The Land Value Index considers 2017 as the bottom yr (listed at 100), and the 2025 replace displays comparisons with 2024 averages. The Value Index has been up to date in 2025 with common costs taken for a calendar yr, relatively than Q1 to Q1 as achieved beforehand. Buyers may discover alternatives in numerous areas, together with listings for land on the market in Western Province. Costs inside particular areas might fluctuate relying on proximity to essential roads, junctions, and different locational elements. For correct costs in your neighbourhood, customers are inspired to verify property listings on LPW or seek the advice of a registered valuer.
Past the index, LankaPropertyWeb gives a collection of instruments and assets for traders and homebuyers, together with property listings, valuation studies, worth meters, and market insights, reinforcing its place as Sri Lanka’s main on-line actual property platform.
For the total listing of land costs for 2025, go to: https://www.lankapropertyweb.com/land-prices/
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