The prices in real estate in Johor Bahru, in the Johor 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 Johor Bahru has remained the same in the last 6 months. In February, the average price per sq.feet was RM 505. In the following month the price per sq.feet decreased considerably to RM 398. The price for the following two months in (April, May) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 149 % 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 439.25 to RM 655 during June, and July.
Based upon to the price in Johor Bahru (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is RM 570,843. In March This price remains at RM 570,281. During the following two months (April, May) the price has had an average incrementation from RM 570,562 to RM 602,842.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 591,142 they are 31 % more affordable than the average price for Johor Bahru. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 459,020.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 499 / sq.feet, with an average RM 951 / sq.feet price in Johor Bahru. The properties with the lowest average prices have 4 bedrooms. They are 3 % cheaper than the average followed by properties with 3 bedrooms with a price at RM 883 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 591,142 it is 38 % cheaper than the average price in Johor Bahru. "Apartment" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "Residential House". At a price of RM 662,148 it is 74 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Link House" at an average cost of RM 326 / sq.feet followed by "Residential House" priced at RM 356 / sq.feet. "Apartment" is the most costly type of property with a RM 1,395 / sq.feet cost followed by "Condominium" with an average price of RM 458 / sq.feet.