Oct 12, 2017

A perch costs Rs. 30 m near President’s House! Featured

Land value in Colombo city has risen 36 per cent within the last one year, according to the national housing price index.

The index indicates that the land value has gone up rapidly in the rest of the country too.

Colombo Fort, Slave Island, Kollupitiya and Cinnamon Gardens areas have the highest land value in the country.

A perch is priced at more than Rs. 30 million around President’s House in Colombo Fort.

Dematagoda, Kotahena, Grand Pass and Mutwal are having the lowest land prices within Colombo.

Investors say the most productive investment is on land.

They say that it is more affordable to buy an apartment, than buying a land and building a house in Colombo.