The prices in real estate in Cheras, in the Kuala Lumpur region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Cheras has increased during the last 6 months. In September, the average price per sq.feet was RM 394. In October this price pretty much remained the same at a value of RM 402 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from RM 398 to RM 433 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 415.5 to RM 427.5 during January y February
Based upon to the price in Cheras (cities), this has gone up considerably in the last 6 months. The price in September is RM 558,256, rising in October till RM 628,755. During the following two months (November, December) the average price had a considerable increase of 119 % 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 650,081.75 and RM 633,628 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 543,152 they are 28 % more affordable than the average price for Cheras. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 412,720.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 401 / sq.feet, with an average RM 419 / sq.feet price in Cheras. The properties with the highest average prices have 1 bedroom. They are 46 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 504 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 543,152 it is 66 % cheaper than the average price in Cheras. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 1,111,388 it is 193 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of RM 283 / sq.feet followed by "Apartment" priced at RM 343 / sq.feet. "Commercial" is the most costly type of property with a RM 532 / sq.feet cost followed by "Condominium" with an average price of RM 454 / sq.feet.