The prices in real estate in Pandan Indah, in the Kuala Lumpur 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 Pandan Indah has remained the same in the last 6 months. In August, the average price per sq.feet was RM 390. In September this price pretty much remained the same at a value of RM 402 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 396 to RM 384 per sq.feet. The price per sq.feet has decreased 94 % 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 390 to RM 366.5 during December, and January.
Based upon to the price in Pandan Indah (cities), this has fallen considerably in the last 6 months. In our first sample month during August, the average price is RM 592,060. In September This price remains at RM 595,475. During the following two months (October, November) the average price had a considerable reduction of 80 % 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 535,699.25 to RM 397,904, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 414,534 they are 46 % more affordable than the average price for Pandan Indah. The properties with the highest average price have 4 bedrooms, Their price is 74 % more costly than the average. After that we have properties with 1 bedroom priced at RM 596,875.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 333 / sq.feet, with an average RM 378 / sq.feet price in Pandan Indah. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 442 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 414,534 it is 59 % cheaper than the average price in Pandan Indah. "Apartment" is seen as the second most affordable property type. The dearest property type is "Shop" followed by "Link House". At a price of RM 739,691 it is 315 % 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 327 / sq.feet followed by "Apartment" priced at RM 352 / sq.feet. "Shop" is the most costly type of property with a RM 552 / sq.feet cost followed by "Terraced House" with an average price of RM 442 / sq.feet.