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 November, the average price per sq.feet was RM 605. In the following month the price per sq.feet decreased considerably to RM 393. The price for the following two months in (January, February) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has increased 111 % 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 440 to RM 487.5 during March, and April.
Based upon to the price in Ampang (cities), this has fallen considerably in the last 6 months. The average price for November is RM 1,235,628. During December the price had a considerable reduction till RM 1,042,334. During the following two months (January, February) the average price had a considerable reduction of 62 % 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 921,660.5 to RM 747,397, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 715,310 they are 36 % more affordable than the average price for Ampang. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 803,300.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 403 / sq.feet, with an average RM 497 / sq.feet price in Ampang. The properties with the highest average prices have 2 bedrooms. They are 68 % more expensive than the average followed by properties with 1 bedroom with a price at RM 818 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 715,310 it is 65 % 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 "Link House". At a price of RM 1,184,954 it is 422 % 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 301 / sq.feet followed by "Terraced House" priced at RM 414 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 843 / sq.feet cost followed by "Condominium" with an average price of RM 702 / sq.feet.