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 January, the average price per sq.feet was RM 417. In the following month the price per sq.feet decreased to RM 384. In the following two months the price per sq.feet has barely changed, going from RM 400.5 to RM 398.5 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 399.5 to RM 407.5 during May y June
Based upon to the price in Cheras (cities), this has gone up in the last 6 months. The average price for January is RM 519,037. During February the price had a slight fall till RM 477,058. During the following two months (March, April) the price has had an average incrementation from RM 498,047.5 to RM 558,416. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % 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 733,391 they are 46 % more affordable than the average price for Cheras. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 2 bedrooms priced at RM 445,138.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 351 / sq.feet, with an average RM 384 / sq.feet price in Cheras. The properties with the highest average prices have 1 bedroom. They are 64 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 544 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 733,391 it is 43 % cheaper than the average price in Cheras. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Shop". At a price of RM 1,639,328 it is 302 % 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 343 / sq.feet followed by "House" priced at RM 382 / sq.feet. "Bungalow" is the most costly type of property with a RM 515 / sq.feet cost followed by "Shop" with an average price of RM 444 / sq.feet.