Land for sale in Malabe, Sri Lanka
Land in Malabe is advertised at LKR 1,200,000 to LKR 2,250,000 per perch (asking prices, November 2026, 8 live plots on Perch & Acre); here is what is for sale.
Malabe is a suburb on the New Kandy Road about 10 km from central Colombo, administered by the Kaduwela Municipal Council. It is a centre for private higher education, with the Sri Lanka Institute of Information Technology (SLIIT), CINEC Maritime Campus and Horizon Campus.
Which land and houses are for sale in Malabe right now?
Open Colombo in the map search
How much does land cost in Malabe?
We do not publish a median for Malabe, because one agency supplies 4 of the 8 plots, more than a third. The 8 live plots are advertised at LKR 1,200,000 to LKR 2,250,000 per perch, or LKR 8,100,000 to LKR 72,090,000 for the whole plot (about USD 24,400 to USD 217,000). The 33 houses listed here, land included, run from LKR 16,000,000 to LKR 128,000,000. These are asking prices, not sale prices.
What is listed in Malabe?
Of the 41 live listings here today, 8 plots of land and 33 houses, listed by 6 agencies. The plots run from 6.75 to 40.05 perches; 1 perch is 25.29 m² and 160 perches make an acre.
Planning, street lines and the coastal zone: what to check in Malabe
In the city and its suburbs the checks are about planning rather than the beach. In areas declared under the Urban Development Authority Law, building needs a development permit under the UDA Planning and Development Regulations 2021, and a newly subdivided lot must be at least 150 m² (about 6 perches), or 250 m² without pipe-borne water. Ask the local authority (municipal or urban council) for the street line and building line certificates and a non-vesting certificate, which confirms that the land is not being acquired, for example for road widening. Where a plot is paddy, it cannot be filled or built on without Agrarian Development approval, so check the land's status before you agree a price.
Buying guides for Malabe
- Can a foreigner buy land in Sri Lanka?
- Buying an apartment in Sri Lanka as a foreigner
- The 99-year lease in Sri Lanka explained
- Buying land in Sri Lanka from abroad: a guide for diaspora buyers and dual citizens
- Buying property in Sri Lanka on a visa: what each visa allows in 2026
- How to send money to Sri Lanka to buy property (and get it out again)
- How to check a land deed in Sri Lanka: title search, extracts and survey plan
- Stamp duty, legal fees and the real cost of buying land in Sri Lanka
Can a foreigner buy land or a house in Malabe?
Not freehold. Since the Land (Restrictions on Alienation) Act No. 38 of 2014 a foreign national cannot take freehold title to land anywhere in Sri Lanka, Malabe included, and a house goes with its land. A foreigner can lease land for up to 99 years or inherit it, and dual citizens are exempt. Read can a foreigner buy land in Sri Lanka and the 99-year lease explained.
Can a foreigner buy an apartment in Malabe?
Yes, a condominium apartment. Since Amendment Act No. 21 of 2018 a foreigner may buy a condominium parcel on any floor, freehold, provided the full price is paid upfront by inward foreign remittance before the deed is executed. The building must have a registered condominium plan. See buying an apartment in Sri Lanka as a foreigner.
What does it cost to buy land in Malabe on top of the price?
Budget 5% to 7% on top of the purchase price: stamp duty of 3% on the first Rs 100,000 and 4% on the balance, legal fees of 1% to 2%, plus survey and registration. For a 99-year lease, stamp duty is 2% of the aggregate rent instead (since 1 April 2025); confirm the rates with your lawyer. Full breakdown: stamp duty, legal fees and the real cost of buying land.
I live abroad. How do I buy in Malabe?
Sri Lankan citizens abroad and dual citizens buy as citizens. Send the money through an Inward Investment Account in your own name so the remittance is documented, have your own lawyer run a 30-year title search, and sign in person or through a power of attorney your lawyer prepares. See buying land in Sri Lanka from abroad and sending money to buy property.
Tools: work out stamp duty and fees · land terms glossary · monthly price index.
Nearby towns
Land for sale in Battaramulla, Athurugiriya, Thalawathugoda, Kotte. More of Colombo District: Colombo 3, Colombo 4, Colombo 5, Colombo 6, Colombo 7, Colombo 8, Dehiwala-Mount Lavinia, Nugegoda, Kesbewa, Boralesgamuwa, Moratuwa, Pannipitiya, Maharagama, all of Colombo, or every town.
Sources
- Malabe: suburb of Kaduwela on the New Kandy Road, about 10 km from central Colombo, SLIIT, CINEC and Horizon Campus, Wikipedia
- Urban Development Authority Planning and Development Regulations 2021, Gazette Extraordinary No. 2235/54 of 8 July 2021 (development permits; minimum lot 150 m², or 250 m² without pipe-borne water)
- Live listings and asking prices: the Perch & Acre listings database on the date shown, built from each agency's public advert.
US dollar figures are indicative, at LKR 332.6 per US dollar (Central Bank of Sri Lanka indicative rate, 30 October 2026).
General information, not legal advice. Laws and rates change; confirm every point with your own Sri Lankan lawyer before you pay a deposit.