The prices in real estate in Mid Valley City, 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 Mid Valley City has increased during the last 6 months. In September, the average price per sq.feet was RM 683. In the following month the price per sq.feet decreased to RM 611. The price for the following two months in (November, December) had a considerable increment of 122 %. The price per sq.feet has increased 109 % 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 717 to RM 778.5 during January, and February.
Based upon to the price in Mid Valley City (cities), this has gone up considerably in the last 6 months. The average price for September is RM 796,912. During October the price had a slight fall till RM 721,083. During the following two months (November, December) the average price had a considerable increase of 135 % 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 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 1,124,992 they are 15 % more affordable than the average price for Mid Valley City. The properties with the highest average price have 4 bedrooms, Their price is 556 % more costly than the average. After that we have properties with 1 bedroom priced at RM 1,339,783.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 706 / sq.feet, with an average RM 744 / sq.feet price in Mid Valley City. The properties with the highest average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 907 / sq.feet.
The graph displaying the average prices displays the property type "Serviced Residence" as the most affordable one. At an cost of RM 1,124,992 it is 26 % cheaper than the average price in Mid Valley City. "Commercial" is seen as the second most affordable property type. The dearest property type is "Shop" followed by "Shop Office". At a price of RM 15,513,366 it is 1457 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of RM 688 / sq.feet followed by "Condominium" priced at RM 990 / sq.feet. "Shop" is the most costly type of property with a RM 2,755 / sq.feet cost followed by "Shop Office" with an average price of RM 1,630 / sq.feet.