Property prices for sale in Perai (Penang)
The prices in real estate in Perai, in the Penang 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 Perai has increased during the last 6 months. In October, the average price per sq.feet was RM 329. In November this price pretty much remained the same at a value of RM 332 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from RM 330.5 to RM 351 per sq.feet. The price per sq.feet has increased 109 % 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 340.75 to RM 371.5 during February, and March.
Based upon to the price in Perai (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is RM 425,002. In November This price remains at RM 429,260. In the following two months the average price has remained the same with regard to the previous two months from RM 427,131 to RM 444,515. 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 435,823 and RM 451,267 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 437,916 they are 21 % more affordable than the average price for Perai. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 397,800.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 312 / sq.feet, with an average RM 365 / sq.feet price in Perai. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 344 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 437,916 it is 35 % cheaper than the average price in Perai. "Condominium" is seen as the second most affordable property type. The dearest property type is "Factory" followed by "Semi Detached House". At a price of RM 604,471 it is 1654 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of RM 293 / sq.feet followed by "Terraced House" priced at RM 323 / sq.feet. "Factory" is the most costly type of property with a RM 480 / sq.feet cost followed by "Link House" with an average price of RM 369 / sq.feet.
