The prices in real estate in Petaling, in the Selangor 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 Petaling has fallen in the last 6 months. In September, the average price per sq.feet was RM 2,667. In October this price pretty much remained the same at a value of RM 2,772 per sq.feet. The price for the following two months in (November, December) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 2,542 to RM 1,957 during January, and February.
Based upon to the price in Petaling (cities), this has gone downing the last 6 months. The average price for September is RM 680,606. During October the price had a slight fall till RM 646,295. During the following two months (November, December) the average price fell 95 % 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 86 %, going from RM 646,678.5 to RM 555,220 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 564,853 they are 2 % more affordable than the average price for Petaling. The properties with the highest average price have 1 bedroom, Their price is 81 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 602,815.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 646 / sq.feet, with an average RM 1,301 / sq.feet price in Petaling. The properties with the lowest average prices have 2 bedrooms. They are 29 % cheaper than the average followed by properties with 1 bedroom with a price at RM 713 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 564,853 it is 13 % cheaper than the average price in Petaling. "Residential House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 696,979 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential House" at an average cost of RM 276 / sq.feet followed by "Link House" priced at RM 353 / sq.feet. "House" is the most costly type of property with a RM 1,810 / sq.feet cost followed by "Commercial" with an average price of RM 1,407 / sq.feet.