The prices in real estate in Kl City, in the Kuala Lumpur region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Kl City has fallen in the last 6 months. In February, the average price per sq.feet was RM 1,069. In the following month the price per sq.feet decreased to RM 1,011. The price for the following two months in (April, May) decreased 93 % with regard to the prior two months. 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 1,005 to RM 1,037.5 during June y July
Based upon to the price in Kl City (cities), this has fallen considerably in the last 6 months. The average price for February is RM 2,079,689. During March the price had a considerable reduction till RM 1,438,404. During the following two months (April, May) the average price had a considerable reduction of 78 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from RM 1,569,626.25 to RM 1,417,017.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 1,336,030 they are 32 % more affordable than the average price for Kl City. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 1,136,928.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 781 / sq.feet, with an average RM 995 / sq.feet price in Kl City. The properties with the highest average prices have 1 bedroom. They are 30 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1,000 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,336,030 it is 40 % cheaper than the average price in Kl City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Shop". At a price of RM 5,703,750 it is 416 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Terraced House" at an average cost of RM 791 / sq.feet followed by "Condominium" priced at RM 874 / sq.feet. "Shop" is the most costly type of property with a RM 1,714 / sq.feet cost followed by "Commercial" with an average price of RM 1,089 / sq.feet.