The prices in real estate in Wangsa Maju, in the Kuala Lumpur region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Wangsa Maju has increased strongly during the last 6 months. In September, the average price per sq.feet was RM 430. In the following month the price per sq.feet increased considerably to RM 530. In the following two months the price per sq.feet has increased 112 %, going from RM 480 to RM 539 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 509.5 to RM 521 during January y February
Based upon to the price in Wangsa Maju (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is RM 456,339. During October the price went through a considerable rise reaching RM 1,098,071. During the following two months (November, December) the average price had a considerable increase of 125 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of RM 873,805 and RM 851,533.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 830,284 they are 58 % more affordable than the average price for Wangsa Maju. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 559,329.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of RM 495 / sq.feet, with an average RM 492 / sq.feet price in Wangsa Maju. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 505 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 830,284 it is 74 % cheaper than the average price in Wangsa Maju. "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 904,325 it is 174 % 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 378 / sq.feet followed by "Apartment" priced at RM 418 / sq.feet. "Shop" is the most costly type of property with a RM 643 / sq.feet cost followed by "Serviced Residence" with an average price of RM 593 / sq.feet.