Property prices for sale in Kuching (Sarawak)
The prices in real estate in Kuching, in the Sarawak region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Kuching has fallen in the last 6 months. In October, the average price per sq.feet was RM 494. In the following month the price per sq.feet decreased to RM 440. In the following two months the price per sq.feet has barely changed, going from RM 467 to RM 486.5 per sq.feet. The price per sq.feet has decreased 93 % 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 476.75 to RM 443.5 during February, and March.
Based upon to the price in Kuching (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is RM 945,404. In November This price remains at RM 910,730. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of RM 900,676.5 and RM 886,739 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 884,669 they are 51 % more affordable than the average price for Kuching. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 556,396.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 422 / sq.feet, with an average RM 496 / sq.feet price in Kuching. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 579 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 884,669 it is 47 % cheaper than the average price in Kuching. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "House". At a price of RM 728,861 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Link House" at an average cost of RM 369 / sq.feet followed by "House" priced at RM 441 / sq.feet. "Terraced House" is the most costly type of property with a RM 45,825 / sq.feet cost followed by "Condominium" with an average price of RM 568 / sq.feet.
