The prices in real estate in Bagan Jermal, in the Penang region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Bagan Jermal has had a strong decrease during the last 6 months. In October, the average price per sq.feet was RM 427. In the following month the price per sq.feet increased to RM 476. The price for the following two months in (December, January) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has decreased 85 % 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 225.75 to RM 192.5 during February, and March.
Based upon to the price in Bagan Jermal (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is RM 5,077,500. During November the price went through a considerable rise reaching RM 6,683,333. During the following two months (December, January) the average price had a considerable reduction of 0 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from RM 2,940,208.25 to RM 274,333.5, which means a 9 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 743 % more costly than the average price of RM 4,627,702 in Bagan Jermal. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 743 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 269 % more costly than the average price of (RM 1,420 / sq.feet) in Bagan Jermal. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 269 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Shop Office" as the most costly one. At an cost of RM 548,667 it is 72 % more expensive than the average price in Bagan Jermal. "Bungalow" is seen as the second dearest property type. The dearest property type is "Bungalow" followed by "Shop Office". At a price of RM 941,233 it is 743 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Shop Office" at an average cost of RM 423 / sq.feet followed by "Bungalow" priced at RM 1,420 / sq.feet. "Bungalow" is the most costly type of property with a RM 1,420 / sq.feet cost followed by "Shop Office" with an average price of RM 423 / sq.feet.