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 April, the average price per sq.feet was RM 429. In May this price pretty much remained the same at a value of RM 417 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 423 to RM 425.5 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 424.25 to RM 423.5 during August y September
Based upon to the price in Cheras (cities), this has gone up considerably in the last 6 months. The price in April is RM 533,402, rising in May till RM 612,893. During the following two months (June, July) the average price had a considerable increase of 121 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of RM 632,321.25 and RM 628,973.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 688,922 they are 41 % more affordable than the average price for Cheras. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 1 bedroom priced at RM 453,524.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 380 / sq.feet, with an average RM 448 / sq.feet price in Cheras. The properties with the highest average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 519 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 688,922 it is 41 % 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 "Commercial". At a price of RM 1,779,610 it is 317 % 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 377 / sq.feet followed by "Condominium" priced at RM 425 / sq.feet. "Commercial" is the most costly type of property with a RM 616 / sq.feet cost followed by "Bungalow" with an average price of RM 509 / sq.feet.