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 June, the average price per sq.feet was RM 1,021. In July this price pretty much remained the same at a value of RM 1,038 per sq.feet. The price for the following two months in (August, September) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 1,003.5 to RM 801 during October, and November.
Based upon to the price in Kl City (cities), these have remained the same in the last 6 months. The average price during our first sample month during June, is RM 1,587,393. During July the price went through a considerable rise reaching RM 1,895,606. During the following two months (August, September) the average price fell 87 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from RM 1,627,752 to RM 1,372,884, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 1,572,778 they are 58 % more affordable than the average price for Kl City. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 964,914.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 563 / sq.feet, with an average RM 844 / sq.feet price in Kl City. The properties with the highest average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1,013 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 1,572,778 it is 78 % cheaper than the average price in Kl City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 2,910,243 it is 366 % 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 405 / sq.feet followed by "House" priced at RM 611 / sq.feet. "Condominium" is the most costly type of property with a RM 884 / sq.feet cost followed by "Serviced Residence" with an average price of RM 803 / sq.feet.