Property prices for sale in Tanjung Bungah (Penang)
The prices in real estate in Tanjung Bungah, 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 Tanjung Bungah has increased during the last 6 months. In October, the average price per sq.feet was RM 550. In the following month the price per sq.feet increased to RM 583. In the following two months the price per sq.feet has increased 106 %, going from RM 566.5 to RM 600.5 per sq.feet. The price per sq.feet has increased 110 % 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 583.5 to RM 643 during February, and March.
Based upon to the price in Tanjung Bungah (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is RM 1,078,075. During November the price went through a considerable rise reaching RM 1,351,297. During the following two months (December, January) the price has had an average incrementation from RM 1,214,686 to RM 1,344,968. 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 1,279,827 and RM 1,278,226 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 1,247,097 they are 59 % more affordable than the average price for Tanjung Bungah. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 700,943.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 562 / sq.feet, with an average RM 633 / sq.feet price in Tanjung Bungah. The properties with the lowest average prices have 1 bedroom. They are 2 % cheaper than the average followed by properties with 4 bedrooms with a price at RM 595 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,247,097 it is 63 % cheaper than the average price in Tanjung Bungah. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "House". At a price of RM 2,037,456 it is 93 % 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 468 / sq.feet followed by "Terraced House" priced at RM 564 / sq.feet. "Semi Detached House" is the most costly type of property with a RM 788 / sq.feet cost followed by "Condominium" with an average price of RM 651 / sq.feet.
