The prices in real estate in Pulau Indah(pulau Lumut), in the Selangor region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Pulau Indah(pulau Lumut) has increased strongly during the last 6 months. In September, the average price per sq.feet was RM 230. In the following month the price per sq.feet increased considerably to RM 405. In the following two months the price per sq.feet has increased 112 %, going from RM 317.5 to RM 354.5 per sq.feet. The price per sq.feet has had a considerable deflation of 80 % 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 336 to RM 267.5 during January, and February.
Based upon to the price in Pulau Indah(pulau Lumut) (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is RM 379,914. In October This price remains at RM 372,379. In the following two months the average price has remained the same with regard to the previous two months from RM 376,146.5 to RM 358,139.5. 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 367,143 and RM 360,093.5 between January and February.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 22 % cheaper than the average price of RM 279,769 in Pulau Indah(pulau Lumut). Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 22 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 142 % more costly than the average price of (RM 645 / sq.feet) in Pulau Indah(pulau Lumut). Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 142 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Factory" as the most affordable one. At an cost of RM 357,766 it is 22 % cheaper than the average price in Pulau Indah(pulau Lumut). "Agricultural Land" is seen as the second most affordable property type. The dearest property type is "Agricultural Land" followed by "Factory". At a price of RM 279,769 it is 55 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Factory" at an average cost of RM 645 / sq.feet followed by "Agricultural Land" priced at RM 169,415 / sq.feet. "Agricultural Land" is the most costly type of property with a RM 169,415 / sq.feet cost followed by "Factory" with an average price of RM 645 / sq.feet.