Kuala Lumpur, Malaysia
Jalan Ipoh is an area located along a famous street within the heart of Kuala Lumpur, with a healthy mix of high end upcoming developments as well as low cost flats. With a majority population of Chinese in this area, roadside food stalls are popular, serving the best of local Chinese cuisines.
Due to its excellent location within minutes of the upmarket Mont Kiara and being within minutes of the city centre, Jalan Ipoh is an area that is now being heavily developed by enterprising developers with equally hefty price tags.
There are however many who scorn these developments, as besides the majority of them being leasehold, are also surrounded by low cost flats; confounding the need to pay close to six figures for a home in the area.
Jalan Ipoh is famous for its highly affordable wedding boutiques besides its cuisines, which draws visitors from all walks of lives. However due to the area’s marked prosperity, snatch thefts are generally rampant as well and visitors should be cautious of these atrocities.
High
DUKE Highway, MRR2
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This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).
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Transacted Prices will give you an idea of the neighbourhood’s property price trend.
Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Jalan Ipoh *
* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area
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This is a representation of Kuala Lumpur Consumer Price Index (CPI) for the year of 2011 - 2015
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A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)
The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.
The above graph shows 1.363% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 1.633% in 2013. Prices of essential goods then increasing to 3.308% in the year 2014 while surging by 3.019% in 2015.
While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 104.1 in 2012, 105.8 in 2013, 109.3 in 2014, 112.6 in 2015.
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