SRI LANKA NEWS – JULY 2019 Compiled by Victor Melder. Demand for land in Thalahena, Gothatuwa and Kolonnawa are rising significantly, resulting in the highest percentage increases in land prices in Greater Colombo, according to a recently concluded study. LankaPropertyWeb.com analysed postings in its website to ascertain the change in asking prices for land in the Greater Colombo area. Thalahena topped the list, recording a year-on-year percentage increase of 64 percent. Ragama, Gothatuwa and Kolonnawa continues to be popular with land prices recording a percentage increase of between 55-35 percent The percentage increases are in line with the increases noted in the asking prices of land. In Thalawathugoda, the average price per perch is between 1.7 – 2 million Rupees. Interestingly, with the spike in percentage increase, neighboring suburb Thalahena, joins the same price category. While land in Kolonnawa and Wellampitiya both fall within the range of 700,000 to ...

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