The prices in real estate in Kuala Lumpor, in the Wilayah Persekutuan 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 Kuala Lumpor has increased during the last 6 months. In August, the average price per sq.feet was RM 516. In the following month the price per sq.feet increased to RM 593. In the following two months the price per sq.feet has barely changed, going from RM 554.5 to RM 578.5 per sq.feet. The price per sq.feet has decreased 88 % 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 566.5 to RM 500 during December, and January.
Based upon to the price in Kuala Lumpor (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is RM 919,973. In September This price remains at RM 926,962. During the following two months (October, November) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of RM 899,999.5 and RM 878,057 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 1,003,174 they are 47 % more affordable than the average price for Kuala Lumpor. 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 958,560.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 464 / sq.feet, with an average RM 512 / sq.feet price in Kuala Lumpor. The properties with the highest average prices have 1 bedroom. They are 97 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 883 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,003,174 it is 48 % cheaper than the average price in Kuala Lumpor. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Office". At a price of RM 1,481,934 it is 487 % 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 480 / sq.feet followed by "Terraced House" priced at RM 504 / sq.feet. "Office" is the most costly type of property with a RM 1,041 / sq.feet cost followed by "Serviced Residence" with an average price of RM 897 / sq.feet.