Property prices for sale in Brickfields (Kuala Lumpur)
The prices in real estate in Brickfields, 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 Brickfields has fallen in the last 6 months. In October, the average price per sq.feet was RM 598. In the following month the price per sq.feet decreased to RM 558. In the following two months the price per sq.feet has barely changed, going from RM 578 to RM 558 per sq.feet. The price per sq.feet has decreased 92 % 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 568 to RM 525 during February, and March.
Based upon to the price in Brickfields (cities), this has fallen considerably in the last 6 months. The average price for October is RM 3,007,174. During November the price had a slight fall till RM 2,597,008. During the following two months (December, January) the average price had a considerable reduction of 73 % 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 2,426,157.25 to RM 792,007.5, which means a 33 % 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 722,393 they are 31 % more affordable than the average price for Brickfields. The properties with the highest average price have 1 bedroom, Their price is 406 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 758,316.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 455 / sq.feet, with an average RM 520 / sq.feet price in Brickfields. The properties with the highest average prices have 1 bedroom. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 657 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of RM 722,393 it is 49 % cheaper than the average price in Brickfields. "Apartment" is seen as the second most affordable property type. The dearest property type is "Serviced Residence" followed by "Commercial". At a price of RM 7,858,000 it is 1312 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of RM 476 / sq.feet followed by "Condominium" priced at RM 527 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 1,240 / sq.feet cost followed by "Apartment" with an average price of RM 1,011 / sq.feet.
