The prices in real estate in Ampang, in the Kuala Lumpur region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Ampang has had a strong decrease during the last 6 months. In October, the average price per sq.feet was RM 616. In the following month the price per sq.feet decreased to RM 564. In the following two months the price per sq.feet has barely changed, going from RM 590 to RM 582.5 per sq.feet. The price per sq.feet has had a considerable deflation of 49 % 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 586.25 to RM 284.5 during February, and March.
Based upon to the price in Ampang (cities), this has fallen considerably in the last 6 months. The price in October is RM 1,127,062, rising in November till RM 1,185,436. 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 had a strong fall compared to the previous four going from RM 1,121,616.25 to RM 445,501, which means a 40 % fall.