The prices in real estate in Bandar Bukit Tinggi, in the Selangor 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 Bandar Bukit Tinggi has increased strongly during the last 6 months. In September, the average price per sq.feet was RM 339. In the following month the price per sq.feet increased considerably to RM 395. The price for the following two months in (November, December) had a considerable increment of 122 %. The price per sq.feet has increased 105 % 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 408.25 to RM 429 during January, and February.
Based upon to the price in Bandar Bukit Tinggi (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is RM 587,526. During October the price went through a considerable rise reaching RM 781,975. During the following two months (November, December) the average price had a considerable increase of 157 % 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 gone up 106 % 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 910,138 they are 78 % more affordable than the average price for Bandar Bukit Tinggi. The properties with the lowest average price have 4 bedrooms, Their price is 30 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 324,575.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 297 / sq.feet, with an average RM 424 / sq.feet price in Bandar Bukit Tinggi. The properties with the highest average prices have 1 bedroom. They are 0 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 407 / sq.feet.
The graph displaying the average prices displays the property type "Serviced Residence" as the most affordable one. At an cost of RM 910,138 it is 82 % cheaper than the average price in Bandar Bukit Tinggi. "Link House" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Shop". At a price of RM 777,249 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Serviced Residence" at an average cost of RM 247 / sq.feet followed by "Shop" priced at RM 265 / sq.feet. "Semi Detached House" is the cheapest type of property with a RM 421 / sq.feet value followed by "Office" with an average price of RM 411 / sq.feet.