Property prices for sale in Prai (Penang)
The prices in real estate in Prai, 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 Prai has remained the same in the last 6 months. In October, the average price per sq.feet was RM 359. In November this price pretty much remained the same at a value of RM 364 per sq.feet. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. 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 352.25 to RM 348 during February y March
Based upon to the price in Prai (cities), this has gone up considerably in the last 6 months. The average price for October is RM 474,649. During November the price had a slight fall till RM 443,547. During the following two months (December, January) the price has had an average incrementation from RM 459,098 to RM 509,226. Based on an analysis of the first four prices and the last two months the average price has risen strongly 152 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 903,976 they are 74 % more affordable than the average price for Prai. The properties with the lowest average price have 2 bedrooms, Their price is 54 % cheaper than the average. After that we have properties with 4 bedrooms priced at RM 395,188.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 282 / sq.feet, with an average RM 354 / sq.feet price in Prai. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 420 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 903,976 it is 65 % cheaper than the average price in Prai. "Condominium" is seen as the second most affordable property type. The dearest property type is "Shop Office" followed by "Residential House". At a price of RM 594,410 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Shop Office" at an average cost of RM 260 / sq.feet followed by "Apartment" priced at RM 294 / sq.feet. "Condominium" is the most costly type of property with a RM 410 / sq.feet cost followed by "Residential House" with an average price of RM 313 / sq.feet.
