The prices in real estate in Bukit Bintang, in the Kuala Lumpur region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Bukit Bintang has increased during the last 6 months. In November, the average price per sq.feet was RM 1,247. In December this price pretty much remained the same at a value of RM 1,256 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 116 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 1,349.75 to RM 1,381 during March y April
Based upon to the price in Bukit Bintang (cities), this has gone up in the last 6 months. The average price for November is RM 1,757,962. During December the price had a slight fall till RM 1,618,115. During the following two months (January, February) the average price had a considerable increase of 127 % 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 108 % 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 2,207,532 they are 47 % more affordable than the average price for Bukit Bintang. The properties with the highest average price have 4 bedrooms, Their price is 73 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 2,064,954.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 1,140 / sq.feet, with an average RM 1,405 / sq.feet price in Bukit Bintang. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1,242 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 2,207,532 it is 33 % cheaper than the average price in Bukit Bintang. "Serviced Residence" is seen as the second most affordable property type. The dearest property type is "Resort" followed by "Shop". At a price of RM 7,816,102 it is 1045 % 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 1,162 / sq.feet followed by "Serviced Residence" priced at RM 1,228 / sq.feet. "Retail" is the most costly type of property with a RM 3,504 / sq.feet cost followed by "Shop" with an average price of RM 2,265 / sq.feet.