Property prices for sale in Sri Petaling (Kuala Lumpur)
The prices in real estate in Sri Petaling, in the Kuala Lumpur region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Sri Petaling has remained the same in the last 6 months. In October, the average price per sq.feet was RM 480. In November this price pretty much remained the same at a value of RM 472 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 476 to RM 495 per sq.feet. The price per sq.feet has decreased 91 % 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 485.5 to RM 441 during February, and March.
Based upon to the price in Sri Petaling (cities), this has gone up in the last 6 months. The price in October is RM 582,709, rising in November till RM 619,650. During the following two months (December, January) the average price had a considerable increase of 123 % 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 668,994.25 to RM 563,692.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 596,058 they are 46 % more affordable than the average price for Sri Petaling. The properties with the highest average price have 1 bedroom, Their price is 176 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 821,357.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 381 / sq.feet, with an average RM 434 / sq.feet price in Sri Petaling. The properties with the highest average prices have 1 bedroom. They are 225807 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 455 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 596,058 it is 42 % cheaper than the average price in Sri Petaling. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 1,128,833 it is 179 % 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 368 / sq.feet followed by "Terraced House" priced at RM 451 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 664 / sq.feet cost followed by "Commercial" with an average price of RM 521 / sq.feet.
