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 December, the average price per sq.feet was RM 393. In the following month the price per sq.feet decreased to RM 366. In the following two months the price per sq.feet has barely changed, going from RM 379.5 to RM 384.5 per sq.feet. The price per sq.feet has increased 111 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of RM 382 to RM 423 during April, and May.
Based upon to the price in Cheras (cities), these have remained the same in the last 6 months. The average price for December is RM 573,434. During January the price had a slight fall till RM 531,075. In the following two months the average price has remained the same with regard to the previous two months from RM 552,254.5 to RM 553,036. 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 582,644 they are 32 % more affordable than the average price for Cheras. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 1 bedroom priced at RM 541,706.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 364 / sq.feet, with an average RM 425 / sq.feet price in Cheras. The properties with the highest average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 542 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 582,644 it is 30 % 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 "Semi Detached House". At a price of RM 1,603,986 it is 428 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential House" at an average cost of RM 372 / sq.feet followed by "Link House" priced at RM 378 / sq.feet. "Bungalow" is the most costly type of property with a RM 554 / sq.feet cost followed by "Condominium" with an average price of RM 434 / sq.feet.