The prices in real estate in Ampang, in the Kuala Lumpur region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Ampang has fallen in the last 6 months. In June, the average price per sq.feet was RM 541. In July this price pretty much remained the same at a value of RM 559 per sq.feet. The price for the following two months in (August, September) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 78 % 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 528 to RM 413.5 during October, and November.
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 June, is RM 882,062. During July the price went through a considerable rise reaching RM 1,026,688. During the following two months (August, September) the average price had a considerable increase of 127 % 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 1,082,393.25 to RM 871,835, 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 723,860 they are 53 % more affordable than the average price for Ampang. The properties with the lowest average price have 4 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 2 bedrooms priced at RM 496,515.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 353 / sq.feet, with an average RM 404 / sq.feet price in Ampang. The properties with the highest average prices have 1 bedroom. They are 77 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 593 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 723,860 it is 66 % cheaper than the average price in Ampang. "Serviced Residence" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 1,485,392 it is 141 % 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 304 / sq.feet followed by "Terraced House" priced at RM 439 / sq.feet. "Commercial" is the most costly type of property with a RM 718 / sq.feet cost followed by "Serviced Residence" with an average price of RM 619 / sq.feet.