The prices in real estate in Ampang, 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 Ampang has increased during the last 6 months. In August, the average price per sq.feet was RM 416. In the following month the price per sq.feet decreased to RM 378. The price for the following two months in (October, November) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 118 % 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 439.25 to RM 517 during December, and January.
Based upon to the price in Ampang (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is RM 591,115. During September the price went through a considerable rise reaching RM 692,843. During the following two months (October, November) the average price had a considerable increase of 195 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 153 % 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 1,381,622 they are 67 % more affordable than the average price for Ampang. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 2 bedrooms priced at RM 524,900.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 396 / sq.feet, with an average RM 492 / sq.feet price in Ampang. The properties with the highest average prices have 1 bedroom. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 568 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,381,622 it is 79 % cheaper than the average price in Ampang. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Semi Detached House". At a price of RM 1,969,111 it is 178 % 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 317 / sq.feet followed by "Link House" priced at RM 436 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 797 / sq.feet cost followed by "Bungalow" with an average price of RM 612 / sq.feet.