The prices in real estate in Sungai Besi, 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 Sungai Besi has remained the same in the last 6 months. In January, the average price per sq.feet was RM 518. In February this price pretty much remained the same at a value of RM 502 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from RM 510 to RM 538.5 per sq.feet. The price per sq.feet has decreased 95 % 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 524.25 to RM 498 during May, and June.
Based upon to the price in Sungai Besi (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during January, is RM 888,420. During February the price went through a considerable rise reaching RM 1,033,426. During the following two months (March, April) the average price had a considerable reduction of 66 % 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 87 %, going from RM 795,419.5 to RM 692,310 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 750,266 they are 31 % more affordable than the average price for Sungai Besi. The properties with the highest average price have 1 bedroom, Their price is 63 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 763,337.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 324 / sq.feet, with an average RM 498 / sq.feet price in Sungai Besi. The properties with the highest average prices have 2 bedrooms. They are 28 % more expensive than the average followed by properties with 1 bedroom with a price at RM 607 / sq.feet.
The graph displaying the average prices displays the property type "Serviced Residence" as the most affordable one. At an cost of RM 750,266 it is 31 % cheaper than the average price in Sungai Besi. "Apartment" is seen as the second most affordable property type. The dearest property type is "Shop" followed by "Link House". At a price of RM 1,368,788 it is 424 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Terraced House" at an average cost of RM 318 / sq.feet followed by "Link House" priced at RM 460 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 599 / sq.feet cost followed by "Shop" with an average price of RM 585 / sq.feet.