Land Price Index (LPI) for Colombo District, compiled by the Central Bank of Sri Lanka (CBSL), reached 132.2 during the 1st half of 2019, recording an increase of 13.6 per cent compared to the 1st half of 2018. The three sub-indices of LPI, namely Residential, Commercial and Industrial have contributed to this increase.
Industrial LPI recorded the highest year-on-year increase of 14.9 per cent while the Commercial LPI and Residential LPI increased by 13.2 per cent and 12.8 per cent, respectively. Meanwhile, the LPI increased by 5.1 per cent from 2nd half of 2018 to 1st half of 2019.
Published Date:
Tuesday, September 3, 2019