The prices in real estate in Selangor, in the Negeri Selangor region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Selangor has had a strong decrease during the last 6 months. In July, the average price per sq.feet was RM 178,593. In the following month the price per sq.feet decreased considerably to RM 381. The price for the following two months in (September, October) had a considerable increment of 212 %. The price per sq.feet has had a considerable deflation of 84 % 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 139,697.5 to RM 117,025 during November, and December.
Based upon to the price in Selangor (cities), this has gone downing the last 6 months. The average price for July is RM 1,544,271. During August the price had a considerable reduction till RM 1,083,274. During the following two months (September, October) the average price had a considerable increase of 116 % 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 92 %, going from RM 1,419,663.25 to RM 1,310,594.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 922,069 they are 66 % more affordable than the average price for Selangor. The properties with the lowest average price have 4 bedrooms, Their price is 37 % cheaper than the average. After that we have properties with 2 bedrooms priced at RM 342,247.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 295 / sq.feet, with an average RM 355 / sq.feet price in Selangor. The properties with the highest average prices have 2 bedrooms. They are 39 % more expensive than the average followed by properties with 1 bedroom with a price at RM 460 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 922,069 it is 71 % cheaper than the average price in Selangor. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Residential House". At a price of RM 626,379 it is 123 % 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 287 / sq.feet followed by "Terraced House" priced at RM 294 / sq.feet. "Bungalow" is the most costly type of property with a RM 447 / sq.feet cost followed by "Condominium" with an average price of RM 341 / sq.feet.