The prices in real estate in Seri Kembangan, in the Selangor region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Seri Kembangan has increased during the last 6 months. In August, the average price per sq.feet was RM 367. In the following month the price per sq.feet decreased to RM 315. The price for the following two months in (October, November) had a considerable increment of 122 %. The price per sq.feet has increased 109 % 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 379.25 to RM 414 during December, and January.
Based upon to the price in Seri Kembangan (cities), this has gone up considerably in the last 6 months. The average price for August is RM 561,312. During September the price had a considerable reduction till RM 345,966. During the following two months (October, November) the average price had a considerable increase of 237 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 840,192 they are 69 % more affordable than the average price for Seri Kembangan. The properties with the lowest average price have 4 bedrooms, Their price is 30 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 400,691.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 343 / sq.feet, with an average RM 401 / sq.feet price in Seri Kembangan. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 427 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 840,192 it is 66 % cheaper than the average price in Seri Kembangan. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Link House". At a price of RM 777,991 it is 376 % 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 304 / sq.feet followed by "Condominium" priced at RM 353 / sq.feet. "Bungalow" is the most costly type of property with a RM 556 / sq.feet cost followed by "Serviced Residence" with an average price of RM 461 / sq.feet.