Friday Aug 29, 2025
Friday Aug 29, 2025
Thursday, 28 August 2025 03:54 - - {{hitsCtrl.values.hits}}
The Central Bank of Sri Lanka (CBSL) said its Land Valuation Indicator (LVI) for the Colombo district rose 11.4% in the first half of 2025 from a year earlier, reaching 256.4 on a base of 2017 H1 = 100, compared with 6.9% year-on-year growth in the first half of 2024.
The index increased 8.3% from six months earlier, up from a semi-annual growth of 2.9% in 2H 2024.
The CBSL reports both annual and semi-annual growth rates to show long-term changes against the same period a year earlier, and short-term momentum compared with the previous half.
In annual terms, residential land values rose 14.4% from a year earlier, commercial land values increased 11.5%, and industrial land values rose 8.4%. In 1H 2024, annual growth rates were 8.5% for residential, 8.5% for commercial, and 3.7% for industrial.
In semi-annual terms, or compared with six months earlier, residential land values increased 9.9%, commercial land values rose 8.6%, and industrial land values grew 6.3% in 1H 2025. In 2H 2024, the respective semi-annual increases were 4.1%, 2.7%, and 1.9%.
The LVI measures bare land values per perch across Colombo’s 13 Divisional Secretariat divisions. It is calculated as a simple average of three sub-indices for residential, commercial, and industrial land compiled from Government Valuation Department data, with index growth tracked annually and semi-annually.
The data indicate accelerating land valuations across Colombo, with residential driving growth and commercial close behind. The uniform improvement in six-month growth across segments points to a broad-based upswing rather than a sector-specific move.
