Property prices for sale in Petaling (Selangor)
The prices in real estate in Petaling, 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 Petaling has increased during the last 6 months. In October, the average price per sq.feet was RM 394. In the following month the price per sq.feet increased to RM 444. In the following two months the price per sq.feet has increased 106 %, going from RM 419 to RM 446 per sq.feet. The price per sq.feet has increased 106 % 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 432.5 to RM 458.5 during February, and March.
Based upon to the price in Petaling (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is RM 748,705. During November the price went through a considerable rise reaching RM 880,863. During the following two months (December, January) the price has had an average incrementation from RM 814,784 to RM 864,044.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 793,227 they are 47 % more affordable than the average price for Petaling. The properties with the highest average price have 1 bedroom, Their price is 120 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 549,400.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 319 / sq.feet, with an average RM 408 / sq.feet price in Petaling. The properties with the highest average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 582 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 793,227 it is 71 % cheaper than the average price in Petaling. "Condominium" is seen as the second most affordable property type. The dearest property type is "House" followed by "Semi Detached House". At a price of RM 895,233 it is 107 % 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 291 / sq.feet followed by "Semi Detached House" priced at RM 292 / sq.feet. "House" is the most costly type of property with a RM 876 / sq.feet cost followed by "Serviced Residence" with an average price of RM 602 / sq.feet.
