The Land Valuation Indicator (LVI) for the Colombo District increased to 186.9, with a year-on-year change of 17% during the first half of 2022 (1H). According to the Central Bank of Sri Lanka (CBSL), this annual increase (17.0) and the semi-annual increase (4.6%) of the LVI, showed a deceleration of the increasing trend observed in the second half (2H) of 2021. The CBSL notes that all sub-indicators of the LVI, namely residential LVI, commercial LVI, and industrial LVI contributed to the overall increase. Industrial LVI recorded the highest annual increase of 20.6%, followed by commercial LVI and residential LVI. The Land Price Index (LPI), compiled from 1998 to 2008 on an annual basis, and from 2009 to 2017 on a semi-annual basis, covered five Divisional Secretariat (DS) divisions in the Colombo District. From 2017 onwards, its geographical coverage was enhanced to represent all 13 DS divisions in the Colombo District, and hence was rebased considering the first half of 2017 as the base period. From 2020 onwards, the LPI was renamed as the Land Valuation Indicator (LVI) and continued to be released on a semi-annual basis. Considering the diverse nature of land use, and the necessity of maintaining homogeneity, three sub-indicators for residential, commercial, and industrial lands are computed separately for each DS division using the average per-perch bare land price in the area. The LVI is the simple average of these three sub-indicators.