Sri Lanka’s real estate expert Research Intelligence Unit says that since the beginning of 2023, the apartment selling price LKR per SqFt has remained steady and in the four months ending June 2023, the suburban apartment selling prices US$ per SqFt have shown a consistent increase.
During the eight years ending 2023, RIUNIT says the Mount Lavinia area has witnessed a consistent upward trajectory in the cumulative supply of apartments, and is expected to continue the same trend.
Source: RIUNIT 2023
RIUNIT 20 year celebration offer
As a key player in providing comprehensive real estate information covering Colombo city and its prominent residential suburbs, the RIUNIT team are excited to celebrate our 20 years of experience by offering a US$40 voucher to our valued clients, making our valuable real estate market insights even more accessible.
‘Our area reports cover critical data points such as cumulative supply, absorption rates, inventory levels, price fluctuations, socio-economic indicators, and infrastructure information’ said Suneth Viduranga, head of real estate research at RIUNIT. The company firmly believes that market research is the cornerstone of market intelligence, and to achieve this, information must be readily available to all in a transparent and equitable manner.
We understand the importance of access to information and try to eliminate information asymmetry in the market. With our two decades of experience, we have continued our approach delivering reliable and up-to-date data, to investors, buyers, and developers to make informed decisions. In line with our commitment to making information accessible, our area reports have been priced to ensure accessibility to a wide range of stakeholders.
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