1. What is Price Per Sqm Calculation?

Price per square meter calculation is a fundamental real estate metric used to determine the cost efficiency and value of properties. It allows for fair comparison between different properties by standardizing the price based on area.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• Total Price — The complete cost of the property in Malaysian Ringgit ($)
• Area sqm — The total area of the property in square meters (m²)

Explanation: This calculation provides a standardized measure that helps compare properties of different sizes and prices on an equal basis.

3. Importance of Price Per Sqm Calculation

Details: Calculating price per square meter is essential for property valuation, investment analysis, market comparison, and making informed real estate decisions in the Malaysian market.

4. Using the Calculator

Tips: Enter the total property price in Malaysian Ringgit and the property area in square meters. Both values must be positive numbers for accurate calculation.

5. Frequently Asked Questions (FAQ)

Q1: Why is price per sqm important in real estate?
A: It allows for fair comparison between properties of different sizes and helps identify value for money in the property market.

Q2: What is a good price per sqm in Malaysia?
A: This varies significantly by location, property type, and market conditions. Generally ranges from $500 to $5000+ per sqm depending on area and property quality.

Q3: Does price per sqm include land area?
A: Typically, price per sqm refers to built-up area. For landed properties, separate calculations may be needed for land price per sqm.

Q4: How does location affect price per sqm?
A: Prime locations (city centers, waterfronts) command significantly higher prices per sqm compared to suburban or rural areas.

Q5: Should I use price per sqm for renovation costing?
A: Yes, it's commonly used to estimate renovation costs and compare contractor quotes based on area.