Property prices for sale in Batu Ferringhi (Penang)
The prices in real estate in Batu Ferringhi, 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 Batu Ferringhi has remained the same in the last 6 months. In October, the average price per sq.feet was RM 520. In November this price pretty much remained the same at a value of RM 516 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 518 to RM 533 per sq.feet. The price per sq.feet has increased 106 % 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 525.5 to RM 555.5 during February, and March.
Based upon to the price in Batu Ferringhi (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is RM 889,819. In November This price remains at RM 870,792. During the following two months (December, January) the average price had a considerable increase of 123 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from RM 982,360.25 to RM 933,203 in 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 991,232 they are 51 % more affordable than the average price for Batu Ferringhi. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 595,491.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 451 / sq.feet, with an average RM 567 / sq.feet price in Batu Ferringhi. The properties with the lowest average prices have 1 bedroom. They are 14 % cheaper than the average followed by properties with 3 bedrooms with a price at RM 476 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 991,232 it is 70 % cheaper than the average price in Batu Ferringhi. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "House". At a price of RM 2,082,667 it is 153 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Semi Detached House" at an average cost of RM 313 / sq.feet followed by "Apartment" priced at RM 384 / sq.feet. "House" is the most costly type of property with a RM 581 / sq.feet cost followed by "Link House" with an average price of RM 557 / sq.feet.
