The prices in real estate in Gelang Patah, in the Johor region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Gelang Patah has increased during the last 6 months. In October, the average price per sq.feet was RM 348. In November this price pretty much remained the same at a value of RM 349 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from RM 348.5 to RM 368.5 per sq.feet. The price per sq.feet has increased 111 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of RM 358.5 to RM 398.5 during February, and March.
Based upon to the price in Gelang Patah (cities), this has gone up in the last 6 months. The price in October is RM 928,076, rising in November till RM 995,073. During the following two months (December, January) the average price had a considerable increase of 117 % 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 1,043,610.5 and RM 1,020,978 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 1,137,479 they are 62 % more affordable than the average price for Gelang Patah. The properties with the highest average price have 1 bedroom, Their price is 48 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 634,409.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 350 / sq.feet, with an average RM 428 / sq.feet price in Gelang Patah. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 470 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,137,479 it is 69 % cheaper than the average price in Gelang Patah. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Warehouse" followed by "Commercial". At a price of RM 2,474,459 it is 226 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Warehouse" at an average cost of RM 332 / sq.feet followed by "Terraced House" priced at RM 394 / sq.feet. "Commercial" is the most costly type of property with a RM 630,169 / sq.feet cost followed by "House" with an average price of RM 435 / sq.feet.