Property prices in Colombo 5
This page summarises 115 public property listings in Colombo 5, Colombo district, collected from ikman.lk on 3 November 2026. Figures are asking prices, not sale prices. Each row shows the median (the middle ad), the middle half of ads (25th to 75th percentile) and the number of ads behind it.
| Measure | Median | Middle half of ads | Ads |
|---|---|---|---|
| Land, per perch | Rs 7.25 million | Rs 5.5 million to Rs 8.2 million | 15 |
| Houses for sale, asking price | Rs 205 million | Rs 200 million to Rs 250 million | 14 |
| Houses, asking price per sq ft | Rs 50,641 | Rs 49,728 to Rs 52,487 | 14 |
| Apartments for sale, asking price | Rs 85 million | Rs 75 million to Rs 106.25 million | 63 |
| Apartments, asking price per sq ft | Rs 54,726 | Rs 48,073 to Rs 74,662 | 63 |
| Houses for rent, per month | Rs 600,000 | Rs 525,000 to Rs 1.1 million | 13 |
| Apartments for rent, per month | Rs 380,000 | Rs 257,500 to Rs 527,500 | 10 |
Yields
- Gross rental yield on houses: 3.4% (median annual rent divided by median asking price).
- Gross rental yield on apartments: 5.4%.
How Colombo 5 compares
- Median apartment asking prices: Rs 85 million, about 1.7 times the middle town figure island-wide (Rs 50 million). Rank 4 of 28 towns with enough listings, highest first.
The island reference is the median of town medians for towns with at least 30 listings, so it describes a typical town, not the national market.
What stands out in Colombo 5
- The sample is mostly apartments for sale (63 of 115 usable ads).
- Asking-price spread for apartments for sale, asking price is about the same as a typical town: the middle half runs Rs 75 million to Rs 106.25 million (a 1.4x gap between the quartiles, against 1.3x for the median town).
- Within Colombo district, the median land, per perch here is about 3.5 times the district figure (Rs 7.25 million vs Rs 2.05 million), rank 2 of 20 priced towns in the district.
- On gross apartment yield (5.4%), Colombo 5 ranks 13 of 20 towns where rent and sale samples are both thick enough to compute one.
How the Colombo 5 numbers have moved
- Apartment rents: the median is up about 52% compared with four weeks earlier - Rs 380,000 against Rs 250,000 on 5 October, on 10 ads now and 13 then.
- House asking prices: the median is up about 46% compared with four weeks earlier - Rs 205 million against Rs 140 million on 6 October, on 14 ads now and 13 then.
This compares daily asking medians on changing samples of ads; it describes this site's sample, not a formal price index.
Read this before using the numbers
Sellers ask more than buyers pay, and listings expire or sell. Outliers are trimmed to the 5th to 95th percentile band and ads whose title names a different town are excluded. The method page explains every step. Nothing here is valuation or investment advice.
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