Sri Lanka’s real estate revival spotlighted on global stage

Capital Trust Properties Managing Director Minoli Wickramasinghe recently represented Sri Lanka at two major international real estate forums in Singapore, spotlighting the nation’s evolving investment landscape and resurgence as a regional property destination.

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At APAC Forum 2025, hosted by Leading Real Estate Companies of the World (LeadingRE) under the theme ‘Connecting Beyond Borders’, Wickramasinghe took centre stage in July 2025 at Shangri-La Singapore. In a high-level Q&A session with regional investors and industry leaders, she offered a candid and data-driven overview of Sri Lanka’s post-crisis property market, tracing its recovery from the 2022 economic collapse to a cautious resurgence in 2025, under the guidance of the International Monetary Fund’s US $ 2.9 billion Extended Fund Facility.

Citing the Central Bank data, Wickramasinghe explained that Sri Lanka’s macroeconomic stabilisation, supported by currency recovery and interest rate easing, had led to distinct shifts across property segments. Land prices in the Colombo district surged by 23 percent year-on-year in 3Q 2024, reflecting renewed demand and investor interest. In contrast, house prices saw only a mild recovery, while condominium prices, after peaking in 2023, began to cool, with year-on-year growth slowing to just 1.2 percent by 4Q 2024.