The prices in real estate in Wangsa Maju, in the Kuala Lumpur 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 Wangsa Maju has increased during the last 6 months. In September, the average price per sq.feet was RM 485. In October this price pretty much remained the same at a value of RM 499 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from RM 492 to RM 521 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 506.5 to RM 506 during January y February
Based upon to the price in Wangsa Maju (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is RM 632,311. In October This price remains at RM 604,575. During the following two months (November, December) the price has had an average incrementation from RM 618,443 to RM 710,969. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 784,090 they are 48 % more affordable than the average price for Wangsa Maju. The properties with the lowest average price have 4 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 557,706.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 479 / sq.feet, with an average RM 506 / sq.feet price in Wangsa Maju. The properties with the highest average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 520 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 784,090 it is 26 % cheaper than the average price in Wangsa Maju. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Shop". At a price of RM 1,938,532 it is 353 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Link House" at an average cost of RM 440 / sq.feet followed by "Apartment" priced at RM 492 / sq.feet. "Bungalow" is the most costly type of property with a RM 701 / sq.feet cost followed by "Shop" with an average price of RM 573 / sq.feet.