Price Per m² Formula:
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Price per square meter is a common metric used in real estate to compare property values regardless of size. It's calculated by dividing the total price of a property by its total area in square meters.
The calculator uses the simple formula:
Where:
Explanation: This calculation standardizes property prices, making it easier to compare properties of different sizes.
Details: Calculating price per m² helps buyers compare property values objectively, identify good deals, and understand market trends in different areas of Malaysia.
Tips: Enter the total property price in MYR and the area in square meters. Both values must be positive numbers for accurate calculation.
Q1: What's a good price per m² in Malaysia?
A: This varies by location. Kuala Lumpur averages MYR 8,000-15,000/m² for condos, while suburban areas may be MYR 3,000-6,000/m².
Q2: Does price per m² include land?
A: For landed properties, it includes both building and land. For condos, it's just the unit area.
Q3: How accurate is price per m² comparison?
A: It's a good starting point but doesn't account for factors like view, floor level, renovations, or building quality.
Q4: Should I only consider price per m² when buying?
A: No, also consider location, amenities, future development plans, and your personal needs.
Q5: How does Malaysia's price per m² compare regionally?
A: Malaysia generally offers lower prices per m² compared to Singapore or Hong Kong but higher than Thailand or Indonesia.