The prices in real estate in Sri Hartamas, in the Kuala Lumpur 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 Sri Hartamas has fallen in the last 6 months. In October, the average price per sq.feet was RM 829. In November this price pretty much remained the same at a value of RM 833 per sq.feet. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 805 to RM 758 during February, and March.
Based upon to the price in Sri Hartamas (cities), these have remained the same in the last 6 months. The price in October is RM 1,926,445, rising in November till RM 2,085,131. During the following two months (December, January) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from RM 2,185,519 to RM 1,442,610.5, which means a 66 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 1,330,024 they are 67 % more affordable than the average price for Sri Hartamas. The properties with the highest average price have 4 bedrooms, Their price is 98 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 1,097,517.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 611 / sq.feet, with an average RM 749 / sq.feet price in Sri Hartamas. The properties with the highest average prices have 4 bedrooms. They are 10 % more expensive than the average followed by properties with 1 bedroom with a price at RM 777 / sq.feet.
The graph displaying the average prices displays the property type "Serviced Residence" as the most affordable one. At an cost of RM 1,330,024 it is 70 % cheaper than the average price in Sri Hartamas. "Condominium" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial". At a price of RM 4,666,316 it is 551 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condominium" at an average cost of RM 727 / sq.feet followed by "Serviced Residence" priced at RM 729 / sq.feet. "Apartment" is the most costly type of property with a RM 1,069 / sq.feet cost followed by "Terraced House" with an average price of RM 979 / sq.feet.