Bare Land Market Analytical Update
for 06.01.2025
Colombo Market Snapshot
Colombo 03-07 Continue to be the highest demand zones
- Most expensive lands are found in Colombo 03 where prices grace 25M per perch on average.
- Bare Lands in Sub-urban Colombo; Rajagiriya – 3M per perch
Battaramulla – 3M Per Perch
Top 10 Hottest Regions
Now lets take a look at our regional sentiment index to check out the 10 most sorted out regions this week!
This week, Colombo-06, Dehiwala, and Colombo-08 have secured their spots in the top 10 list, showcasing strong buyer demand in these areas.
In the suburbs, Dehiwala and Rajagiriya have emerged as the most sought-after locations, reflecting a surge in interest from potential buyers.
Regional Analysis
Next we will be looking at price movements in a some of the high demand regions in Colombo.
Dehiwala
Dehiwala continues to be a dynamic and investor-friendly market characterized by high liquidity and the diversity of available plots
Numerous listings are available in the 6-perch to 20-perch range, presenting a diverse selection of land plots across various parts of Dehiwala. This variety highlights a rich and liquid market, with significant price variance between the highest and lowest-priced plots, indicating potential for price appreciation.
The median price stands at approximately 4M per perch. While most plots are priced in the range of 3M to 6M per perch, premium listings—such as those priced at 10M per perch—are typically located in high-demand zones closer to the city center or Marine Drive. Conversely, prices tend to decrease towards the outskirts of Dehiwala.
With Dehiwala’s strategic location, diverse land options, and strong potential for capital gains, Dehiwala presents an exceptional opportunity for buyers and investors alike. Whether you’re looking to build your dream home, develop a profitable project, or secure a high-growth asset, Dehiwala’s vibrant real estate market offers the perfect blend of value and future returns.
Nugegoda
Nugegoda remains a stable and investor-friendly market, characterized by moderate liquidity and minimal price fluctuations.
The median price per perch hovers around 3M, with most listings typically fluctuating between 2.5M and 5M per perch. The market demonstrates a tight price range, as evidenced by the graphic, which indicates relatively small gaps between the highest and lowest price points for various land sizes.
Notably, while prices remain consistent across the 6-perch to 20-perch range, slight upward trends are observed for premium listings closer to larger land sizes, potentially reflecting increased demand or better locations. This stability makes Nugegoda an appealing choice for buyers seeking predictable investment opportunities.