The prices in real estate in Setapak, in the Kuala Lumpur 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 Setapak has had a strong decrease during the last 6 months. In November, the average price per sq.feet was RM 444. In December this price pretty much remained the same at a value of RM 444 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 444 to RM 436.5 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 440.25 to RM 218 during March, and April.
Based upon to the price in Setapak (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is RM 549,300. In December This price remains at RM 547,088. In the following two months the average price has remained the same with regard to the previous two months from RM 548,194 to RM 554,634.5. During the last two months the average price has had a strong fall compared to the previous four going from RM 551,414.25 to RM 261,984, which means a 48 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of RM 523,968 in Setapak. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of (RM 436 / sq.feet) in Setapak. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Setapak we can see that the cheapest property type is "Condominium" at a price of RM 523,968, they are 0 % more affordable than the average price of (!PRECIO2!). "Condominium" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Condominium with an average price of RM 436 / sq.feet. "Condominium" with an average cost of RM 436 / sq.feet has the lowest price and would be directed at less affluent cities.