Property prices for sale in Balakong (Selangor)
The prices in real estate in Balakong, in the Selangor region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Balakong has increased during the last 6 months. In October, the average price per sq.feet was RM 331. In the following month the price per sq.feet increased to RM 351. The price for the following two months in (December, January) had a considerable increment of 120 %. The price per sq.feet has decreased 90 % 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 374.5 to RM 336 during February, and March.
Based upon to the price in Balakong (cities), this has gone up considerably in the last 6 months. The price in October is RM 734,695, rising in November till RM 836,432. During the following two months (December, January) the average price had a considerable increase of 302 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from RM 1,577,268 to RM 647,625, which means a 41 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 615,975 they are 54 % more affordable than the average price for Balakong. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 1 bedroom priced at RM 446,382.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 303 / sq.feet, with an average RM 337 / sq.feet price in Balakong. The properties with the highest average prices have 1 bedroom. They are 74 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 342 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 615,975 it is 69 % cheaper than the average price in Balakong. "Condominium" is seen as the second most affordable property type. The dearest property type is "Warehouse" followed by "House". At a price of RM 743,419 it is 1070 % 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 226 / sq.feet followed by "Terraced House" priced at RM 323 / sq.feet. "Warehouse" is the most costly type of property with a RM 558 / sq.feet cost followed by "Serviced Residence" with an average price of RM 454 / sq.feet.
