Property prices in Wattala
This page summarises 191 public property listings in Wattala, Gampaha 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 2.92 million | Rs 1.75 million to Rs 3.73 million | 20 |
| Houses for sale, asking price | Rs 48 million | Rs 31.45 million to Rs 70 million | 91 |
| Houses, asking price per sq ft | Rs 17,582 | Rs 15,042 to Rs 24,621 | 91 |
| Apartments for sale, asking price | Rs 36.7 million | Rs 35 million to Rs 38.25 million | 47 |
| Apartments, asking price per sq ft | Rs 32,772 | Rs 29,249 to Rs 36,900 | 47 |
| Houses for rent, per month | Rs 112,500 | Rs 70,000 to Rs 171,250 | 24 |
Measures with fewer than 10 ads are left out of the table: Apartments for rent, per month.
Yields
- Gross rental yield on houses: 2.6% (median annual rent divided by median asking price).
How Wattala compares
- Median house asking prices: Rs 48 million, about 1.2 times the middle town figure island-wide (Rs 38.62 million). Rank 23 of 66 towns with enough listings, highest first.
- Median apartment asking prices: Rs 36.7 million, about 73% of the middle town figure island-wide (Rs 50 million). Rank 19 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 Wattala
- The sample is mostly houses for sale (91 of 191 usable ads).
- Asking-price spread for houses for sale, asking price is wider than a typical town: the middle half runs Rs 31.45 million to Rs 70 million (a 2.2x gap between the quartiles, against 1.8x for the median town).
- Within Gampaha district, the median land, per perch here is about 3.9 times the district figure (Rs 2.92 million vs Rs 750,000), rank 2 of 15 priced towns in the district.
- On gross apartment yield (5.7%), Wattala ranks 10 of 20 towns where rent and sale samples are both thick enough to compute one.
How the Wattala numbers have moved
- Land per perch: the median is up about 117% compared with four weeks earlier - Rs 2.92 million against Rs 1.35 million on 6 October, on 20 ads now and 36 then.
- House rents: the median is up about 50% compared with four weeks earlier - Rs 112,500 against Rs 75,000 on 6 October, on 24 ads now and 12 then.
- The mix of ads has shifted since 10 October: land now makes up 10% of the usable sample, against 23% four weeks earlier. When the mix moves, a median can move without any asking price changing.
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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