The prices in real estate in Petaling Jaya, 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 Jaya has fallen in the last 6 months. In March, the average price per sq.feet was RM 615. In April this price pretty much remained the same at a value of RM 592 per sq.feet. The price for the following two months in (May, June) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 579.5 to RM 538 during July, and August.
Based upon to the price in Petaling Jaya (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is RM 1,067,173. During April the price went through a considerable rise reaching RM 1,342,490. During the following two months (May, June) the average price had a considerable reduction of 84 % 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 94 %, going from RM 1,106,381 to RM 1,035,615 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 1,179,950 they are 62 % more affordable than the average price for Petaling Jaya. The properties with the lowest average price have 4 bedrooms, Their price is 15 % cheaper than the average. After that we have properties with 2 bedrooms priced at RM 608,180.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 432 / sq.feet, with an average RM 582 / sq.feet price in Petaling Jaya. The properties with the highest average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 688 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,179,950 it is 71 % cheaper than the average price in Petaling Jaya. "Serviced Residence" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Semi Detached House". At a price of RM 2,427,436 it is 182 % 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 462 / sq.feet followed by "Link House" priced at RM 553 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 786 / sq.feet cost followed by "Semi Detached House" with an average price of RM 652 / sq.feet.