The prices in real estate in Ampang, in the Kuala Lumpur region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Ampang has increased strongly during the last 6 months. In January, the average price per sq.feet was RM 516. In February this price pretty much remained the same at a value of RM 532 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 116 %. The price per sq.feet has increased 110 % 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 566.5 to RM 624.5 during May, and June.
Based upon to the price in Ampang (cities), this has gone up considerably in the last 6 months. The average price for January is RM 466,172. During February the price had a slight fall till RM 431,610. During the following two months (March, April) the average price had a considerable increase of 165 % 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 170 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 1,014,071 they are 52 % more affordable than the average price for Ampang. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 813,203.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 510 / sq.feet, with an average RM 648 / sq.feet price in Ampang. The properties with the highest average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 1 bedroom with a price at RM 764 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,014,071 it is 63 % 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 2,353,836 it is 272 % 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 462 / sq.feet followed by "Terraced House" priced at RM 468 / sq.feet. "Condominium" is the most costly type of property with a RM 688 / sq.feet cost followed by "Bungalow" with an average price of RM 642 / sq.feet.