Property prices in Colombo 3
This page summarises 175 public property listings in Colombo 3, 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 |
|---|---|---|---|
| Houses for sale, asking price | Rs 320 million | Rs 251.25 million to Rs 435 million | 14 |
| Houses, asking price per sq ft | Rs 77,500 | Rs 59,011 to Rs 108,750 | 14 |
| Apartments for sale, asking price | Rs 105 million | Rs 88.5 million to Rs 145 million | 133 |
| Apartments, asking price per sq ft | Rs 73,913 | Rs 59,257 to Rs 87,780 | 133 |
| Apartments for rent, per month | Rs 591,000 | Rs 456,250 to Rs 732,500 | 22 |
Measures with fewer than 10 ads are left out of the table: Land, per perch.
Yields
- Gross rental yield on apartments: 5.9%.
How Colombo 3 compares
- Median apartment asking prices: Rs 105 million, about 2.1 times the middle town figure island-wide (Rs 50 million). Rank 3 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 3
- The sample is mostly apartments for sale (133 of 173 usable ads), with very few land (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 88.5 million to Rs 145 million (a 1.6x gap between the quartiles, against 1.3x for the median town).
- Within Colombo district, the median houses for sale, asking price here is about 5.6 times the district figure (Rs 320 million vs Rs 57 million), rank 1 of 22 priced towns in the district.
- On gross apartment yield (5.9%), Colombo 3 ranks 7 of 20 towns where rent and sale samples are both thick enough to compute one.
How the Colombo 3 numbers have moved
- House asking prices: the median is up about 155% compared with four weeks earlier - Rs 320 million against Rs 125.25 million on 6 October, on 14 ads now and 8 then. The earlier sample was thin (8 ads), so read the size of the move with care.
- Apartment rents: the median is up about 20% compared with four weeks earlier - Rs 591,000 against Rs 492,500 on 6 October, on 22 ads now and 12 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.
Run a price check for a specific property