Property prices in Colombo 2
This page summarises 192 public property listings in Colombo 2, 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 |
|---|---|---|---|
| Apartments for sale, asking price | Rs 137 million | Rs 95 million to Rs 172 million | 147 |
| Apartments, asking price per sq ft | Rs 107,981 | Rs 95,267 to Rs 125,000 | 147 |
| Apartments for rent, per month | Rs 612,000 | Rs 550,000 to Rs 777,500 | 39 |
Measures with fewer than 10 ads are left out of the table: Houses for sale, asking price; Houses, asking price per sq ft.
Yields
- Gross rental yield on apartments: 5.4%.
How Colombo 2 compares
- Median apartment asking prices: Rs 137 million, about 2.7 times the middle town figure island-wide (Rs 50 million). Rank 1 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 2
- The sample is mostly apartments for sale (147 of 190 usable ads), with very few houses for sale (4), so that row should be read with extra care.
- Asking-price spread for apartments for sale, asking price is wider than a typical town: the middle half runs Rs 95 million to Rs 172 million (a 1.8x gap between the quartiles, against 1.3x for the median town).
- Within Colombo district, the median apartments for sale, asking price here is about 2.0 times the district figure (Rs 137 million vs Rs 70 million), rank 1 of 19 priced towns in the district.
- On gross apartment yield (5.4%), Colombo 2 ranks 13 of 20 towns where rent and sale samples are both thick enough to compute one.
How the Colombo 2 numbers have moved
- Apartment rents: the median is up about 11% compared with four weeks earlier - Rs 612,000 against Rs 550,000 on 6 October, on 39 ads now and 36 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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