SRI LANKA NEWS IN BRIEF NOVEMBER 2018 Compiled by Victor Melder The Central Bank of Sri Lanka (CBSL) recently computed the prices of residential, commercial and industrial lands, using per perch bare land prices (collected from the Government Valuation Department) and determined that the overall land price in the Colombo District has gone up by 16.3%, year-on-year. The computing of the three sub-indices has taken into consideration the diverse ways of land-use and the comparability of the quality of lands. The CBSL periodically compiles and analyses several indicators in order to monitor the developments in the real estate sector. Accordingly, the Land Price Index (LPI) (base year 1998) had been compiled annually from 1998-2008 and bi-annually from 2009-2017, covering 50 centres of five DS divisions in the Colombo District. With the increasing importance of monitoring land prices, geographical coverage of the LPI has been expanded to 82 centres covering the ...