Property prices for sale in Bukit Bintang (Kuala Lumpur)
The prices in real estate in Bukit Bintang, in the Kuala Lumpur region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Bukit Bintang has remained the same in the last 6 months. In October, the average price per sq.feet was RM 1,042. In the following month the price per sq.feet increased to RM 1,140. In the following two months the price per sq.feet has barely changed, going from RM 1,091 to RM 1,037.5 per sq.feet. 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 1,064.25 to RM 1,043 during February y March
Based upon to the price in Bukit Bintang (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is RM 1,116,515. During November the price went through a considerable rise reaching RM 1,309,147. During the following two months (December, January) the average price had a considerable increase of 118 % 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 1,399,939 they are 50 % more affordable than the average price for Bukit Bintang. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 961,146.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 634 / sq.feet, with an average RM 1,014 / sq.feet price in Bukit Bintang. The properties with the highest average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1,015 / sq.feet.
The graph displaying the average prices displays the property type "Serviced Residence" as the most affordable one. At an cost of RM 1,399,939 it is 53 % cheaper than the average price in Bukit Bintang. "Condominium" is seen as the second most affordable property type. The dearest property type is "Resort" followed by "Shop". At a price of RM 10,739,250 it is 1479 % more expensive 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 935 / sq.feet followed by "Condominium" priced at RM 957 / sq.feet. "Shop" is the most costly type of property with a RM 2,057 / sq.feet cost followed by "Commercial" with an average price of RM 1,479 / sq.feet.
