Property prices for sale in Cheras (Kuala Lumpur)
The prices in real estate in Cheras, in the Kuala Lumpur 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 Cheras has increased during the last 6 months. In October, the average price per sq.feet was RM 402. In November this price pretty much remained the same at a value of RM 417 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from RM 409.5 to RM 442.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 426 to RM 408 during February y March
Based upon to the price in Cheras (cities), these have remained the same in the last 6 months. The average price for October is RM 628,755. During November the price had a slight fall till RM 577,772. During the following two months (December, January) the average price had a considerable increase of 129 % 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 691,543.75 to RM 501,200.5, which means a 72 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 459,249 they are 20 % more affordable than the average price for Cheras. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 416,916.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 384 / sq.feet, with an average RM 397 / sq.feet price in Cheras. The properties with the highest average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 523 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 459,249 it is 58 % cheaper than the average price in Cheras. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 1,056,238 it is 329 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of RM 293 / sq.feet followed by "Apartment" priced at RM 365 / sq.feet. "Commercial" is the most costly type of property with a RM 557 / sq.feet cost followed by "Condominium" with an average price of RM 448 / sq.feet.
