Property prices for sale in Wangsa Maju (Kuala Lumpur)
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 October, the average price per sq.feet was RM 453. In November this price pretty much remained the same at a value of RM 470 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from RM 461.5 to RM 526 per sq.feet. The price per sq.feet has increased 108 % 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 493.75 to RM 532.5 during February, and March.
Based upon to the price in Wangsa Maju (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is RM 543,367. In November This price remains at RM 516,670. During the following two months (December, January) the average price had a considerable increase of 138 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 722,414 they are 56 % more affordable than the average price for Wangsa Maju. The properties with the lowest average price have 3 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 4 bedrooms priced at RM 646,156.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 471 / sq.feet, with an average RM 539 / sq.feet price in Wangsa Maju. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 536 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 722,414 it is 71 % cheaper than the average price in Wangsa Maju. "Serviced Residence" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of RM 977,400 it is 171 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of RM 365 / sq.feet followed by "Terraced House" priced at RM 504 / sq.feet. "Commercial" is the most costly type of property with a RM 650 / sq.feet cost followed by "Serviced Residence" with an average price of RM 571 / sq.feet.
