The prices in real estate in Bayan Baru, in the Penang region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Bayan Baru has remained the same in the last 6 months. In September, the average price per sq.feet was RM 532. In October this price pretty much remained the same at a value of RM 519 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 525.5 to RM 507 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 516.25 to RM 513.5 during January y February
Based upon to the price in Bayan Baru (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is RM 687,825. In October This price remains at RM 681,050. In the following two months the average price has remained the same with regard to the previous two months from RM 684,437.5 to RM 654,339. 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 669,388.25 and RM 692,908 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 654,753 they are 48 % more affordable than the average price for Bayan Baru. The properties with the highest average price have 1 bedroom, Their price is 235 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 768,523.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 438 / sq.feet, with an average RM 498 / sq.feet price in Bayan Baru. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 490 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 654,753 it is 71 % cheaper than the average price in Bayan Baru. "Apartment" is seen as the second most affordable property type. The dearest property type is "Link House" followed by "Terraced House". At a price of RM 756,729 it is 176 % 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 341 / sq.feet followed by "Apartment" priced at RM 387 / sq.feet. "Link House" is the most costly type of property with a RM 669 / sq.feet cost followed by "Condominium" with an average price of RM 496 / sq.feet.