Property prices in Malabe
This page summarises 145 public property listings in Malabe, 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 1.8 million | Rs 1.46 million to Rs 1.95 million | 53 |
| Houses for sale, asking price | Rs 49 million | Rs 34 million to Rs 59.5 million | 67 |
| Houses, asking price per sq ft | Rs 20,000 | Rs 17,503 to Rs 21,853 | 67 |
| Apartments for sale, asking price | Rs 34 million | Rs 28 million to Rs 36 million | 18 |
| Apartments, asking price per sq ft | Rs 35,016 | Rs 34,410 to Rs 37,067 | 18 |
Measures with fewer than 10 ads are left out of the table: Houses for rent, per month.
How Malabe compares
- Median land per perch: Rs 1.8 million, about 2.8 times the middle town figure island-wide (Rs 650,000). Rank 20 of 85 towns with enough listings, highest first.
- Median house asking prices: Rs 49 million, about 1.3 times the middle town figure island-wide (Rs 38.62 million). Rank 22 of 66 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 Malabe
- The sample is mostly houses for sale (67 of 144 usable ads).
- Asking-price spread for houses for sale, asking price is about the same as a typical town: the middle half runs Rs 34 million to Rs 59.5 million (a 1.8x gap between the quartiles, against 1.8x for the median town).
- Within Colombo district, the median land, per perch here is about 88% of the district figure (Rs 1.8 million vs Rs 2.05 million), rank 16 of 20 priced towns in the district.
- Where Malabe stands out most island-wide is land, per perch: rank 20 of 85 towns with enough listings, highest first.
- On gross house yield (4.3%), Malabe ranks 7 of 38 towns where rent and sale samples are both thick enough to compute one.
How the Malabe numbers have moved
- House asking prices: the median is up about 22% compared with four weeks earlier - Rs 49 million against Rs 40.25 million on 6 October, on 67 ads now and 66 then.
- House asking prices: the median is up about 9% compared with a week earlier - Rs 49 million against Rs 45 million on 27 October, on 67 ads now and 61 then.
- The mix of ads has shifted since 10 October: apartments for rent now makes up 0% of the usable sample, against 20% 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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