The prices in real estate in Cyberjaya, in the Selangor region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Cyberjaya has increased strongly during the last 6 months. In July, the average price per sq.feet was RM 394. In the following month the price per sq.feet increased considerably to RM 455. In the following two months the price per sq.feet has increased 107 %, going from RM 424.5 to RM 456 per sq.feet. The price per sq.feet has increased 109 % 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 440.25 to RM 478 during November, and December.
Based upon to the price in Cyberjaya (cities), these have remained the same in the last 6 months. The average price for July is RM 635,703. During August the price had a slight fall till RM 585,386. During the following two months (September, October) the average price fell 92 % 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 126 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 742,356 they are 61 % more affordable than the average price for Cyberjaya. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 419,233.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 310 / sq.feet, with an average RM 470 / sq.feet price in Cyberjaya. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 481 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 742,356 it is 51 % cheaper than the average price in Cyberjaya. "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 1,612,682 it is 237 % 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 316 / sq.feet followed by "Link House" priced at RM 362 / sq.feet. "Bungalow" is the most costly type of property with a RM 505 / sq.feet cost followed by "Apartment" with an average price of RM 451 / sq.feet.