A study was conducted to investigate the impacts of converting rubber plantations into oil palm plantations on soil properties and soil hydrology. Soil organic carbon (SOC), bulk density (BD), aggregate stability (AS), saturated hydraulic conductivity (Ks), soil water retention, texture, thermal properties, and pH were determined using soil samples collected from different depths of a twelve-year-old oil palm and rubber cultivated fields located in low country wet zone of Sri Lanka. In each field, volumetric water content (VWC) of soil was continuously measured at four soil depths (0-25, 25-50, 50-75, and 75-100 cm) over a seven-month period. While the study revealed a 40% lower SOC in 0-25 cm soil layer of the oil palm field compared to the rubber field, no significant changes were observed in BD, porosity, pore size distribution, AS, and Ks for the two fields. However, the volumetric heat capacity of rubber grown soil was significantly higher than that of the oil palm grown soil. Oil palm utilized the most water from 25-75 cm soil layer; whereas, rubber extracted more water from deeper soil layers (75-100 cm). Soil water depletion in oil palm field was faster during dry periods than in rubber fields highlighting the need to examine the soil water extraction patterns of oil palm during extended dry spells in future studies. Overall, the conversion of rubber into oil palm plantations showed no significant impact on most of the soil properties and soil hydrology after twelve years of conversion.