The prices in real estate in Desa Petaling, 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 Desa Petaling has increased during the last 6 months. In September, the average price per sq.feet was RM 350. In the following month the price per sq.feet increased to RM 392. In the following two months the price per sq.feet has increased 110 %, going from RM 371 to RM 408.5 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 389.75 to RM 388.5 during January y February
Based upon to the price in Desa Petaling (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is RM 350,648. During October the price went through a considerable rise reaching RM 514,313. During the following two months (November, December) the average price had a considerable increase of 144 % 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 122 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 615,836 they are 70 % more affordable than the average price for Desa Petaling. The properties with the highest average price have 4 bedrooms, Their price is 244 % more costly than the average. After that we have properties with 1 bedroom priced at RM 727,667.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 270 / sq.feet, with an average RM 377 / sq.feet price in Desa Petaling. The properties with the highest average prices have 4 bedrooms. They are 56 % more expensive than the average followed by properties with 1 bedroom with a price at RM 583 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 615,836 it is 75 % cheaper than the average price in Desa Petaling. "Apartment" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "Shop". At a price of RM 2,679,400 it is 384 % 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 261 / sq.feet followed by "Apartment" priced at RM 306 / sq.feet. "Semi Detached House" is the most costly type of property with a RM 648 / sq.feet cost followed by "Shop" with an average price of RM 532 / sq.feet.