The prices in real estate in Ampang, in the Kuala Lumpur region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Ampang has remained the same in the last 6 months. In September, the average price per sq.feet was RM 600. In October this price pretty much remained the same at a value of RM 593 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 596.5 to RM 608 per sq.feet. The price per sq.feet has decreased 87 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of RM 602.25 to RM 524 during January, and February.
Based upon to the price in Ampang (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is RM 994,347. In October This price remains at RM 986,972. During the following two months (November, December) the price has had an average incrementation from RM 990,659.5 to RM 1,104,330.5. During the last two months the average price has had a strong fall compared to the previous four going from RM 1,047,495 to RM 448,891, which means a 43 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of RM 431,610 they are 36 % more expensive than the average price for Ampang. Following this ranking we find those properties with 2 at an average price of RM 670,642. The properties with the highest average price have 4 bedrooms, Their price is 276 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 761,303.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of RM 534 / sq.feet, with an average RM 532 / sq.feet price in Ampang. The properties with the highest average prices have 1 bedroom. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 712 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of RM 431,610 it is 88 % more expensive than the average price in Ampang. "Condominium" is seen as the second dearest property type. The dearest property type is "Bungalow" followed by "Semi Detached House". At a price of RM 2,172,459 it is 763 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of RM 393 / sq.feet followed by "Link House" priced at RM 473 / sq.feet. "Condominium" is the most costly type of property with a RM 659 / sq.feet cost followed by "Bungalow" with an average price of RM 619 / sq.feet.