The prices in real estate in Bangi, in the Selangor 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 Bangi has fallen in the last 6 months. In November, the average price per sq.feet was RM 356. In December this price pretty much remained the same at a value of RM 346 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 351 to RM 352 per sq.feet. The price per sq.feet has decreased 91 % 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 351.5 to RM 319.5 during March, and April.
Based upon to the price in Bangi (cities), these have remained the same in the last 6 months. The price in November is RM 736,712, rising in December till RM 778,335. During the following two months (January, February) the average price had a considerable increase of 115 % 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 816,039.5 to RM 667,201.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 676,452 they are 59 % more affordable than the average price for Bangi. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 330,975.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 316 / sq.feet, with an average RM 331 / sq.feet price in Bangi. The properties with the highest average prices have 1 bedroom. They are 74 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 393 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 676,452 it is 58 % cheaper than the average price in Bangi. "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 995,775 it is 176 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Terraced House" at an average cost of RM 320 / sq.feet followed by "Apartment" priced at RM 321 / sq.feet. "Bungalow" is the most costly type of property with a RM 407 / sq.feet cost followed by "Condominium" with an average price of RM 357 / sq.feet.