The prices in real estate in Cheras, 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 Cheras has remained the same in the last 6 months. In February, the average price per sq.feet was RM 430. In March this price pretty much remained the same at a value of RM 447 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 438.5 to RM 423 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 430.75 to RM 425.5 during June y July
Based upon to the price in Cheras (cities), this has gone downing the last 6 months. The average price for February is RM 673,596. During March the price had a slight fall till RM 580,705. During the following two months (April, May) the average price fell 91 % 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 risen strongly 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 700,567 they are 43 % more affordable than the average price for Cheras. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 2 bedrooms priced at RM 433,070.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 385 / sq.feet, with an average RM 422 / sq.feet price in Cheras. The properties with the highest average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 517 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 700,567 it is 34 % cheaper than the average price in Cheras. "Apartment" 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 1,695,823 it is 289 % 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 396 / sq.feet followed by "Condominium" priced at RM 415 / sq.feet. "Commercial" is the most costly type of property with a RM 580 / sq.feet cost followed by "Bungalow" with an average price of RM 540 / sq.feet.