The prices in real estate in Damansara Perdana, 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 Damansara Perdana has increased strongly during the last 6 months. In September, the average price per sq.feet was RM 452. In the following month the price per sq.feet increased considerably to RM 522. In the following two months the price per sq.feet has increased 113 %, going from RM 487 to RM 549 per sq.feet. The price per sq.feet has increased 106 % 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 518 to RM 549.5 during January, and February.
Based upon to the price in Damansara Perdana (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is RM 353,691. During October the price went through a considerable rise reaching RM 1,071,281. During the following two months (November, December) the average price had a considerable increase of 173 % 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 123 % 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 1,079,935 they are 70 % more affordable than the average price for Damansara Perdana. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 482,598.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 427 / sq.feet, with an average RM 540 / sq.feet price in Damansara Perdana. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 482 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,079,935 it is 80 % cheaper than the average price in Damansara Perdana. "Serviced Residence" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Semi Detached House". At a price of RM 3,077,485 it is 254 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of RM 263 / sq.feet followed by "Condominium" priced at RM 491 / sq.feet. "Semi Detached House" is the most costly type of property with a RM 694 / sq.feet cost followed by "Shop" with an average price of RM 630 / sq.feet.