Property prices for sale in Batu Maung (Penang)
The prices in real estate in Batu Maung, 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 Maung has remained the same in the last 6 months. In October, the average price per sq.feet was RM 444. In the following month the price per sq.feet decreased to RM 408. In the following two months the price per sq.feet has barely changed, going from RM 426 to RM 445.5 per sq.feet. 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 435.75 to RM 453.5 during February y March
Based upon to the price in Batu Maung (cities), this has gone up in the last 6 months. The average price for October is RM 863,098. During November the price had a slight fall till RM 780,356. During the following two months (December, January) the average price had a considerable increase of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 1,008,726 they are 73 % more affordable than the average price for Batu Maung. The properties with the highest average price have 1 bedroom, Their price is 109 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 1,066,674.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 353 / sq.feet, with an average RM 450 / sq.feet price in Batu Maung. The properties with the highest average prices have 1 bedroom. They are 101 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 515 / sq.feet.
The graph displaying the average prices displays the property type "Factory" as the most affordable one. At an cost of RM 1,008,726 it is 84 % cheaper than the average price in Batu Maung. "Condominium" is seen as the second most affordable property type. The dearest property type is "Link House" followed by "House". At a price of RM 1,422,913 it is 675 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Factory" at an average cost of RM 274 / sq.feet followed by "Condominium" priced at RM 449 / sq.feet. "Link House" is the most costly type of property with a RM 780 / sq.feet cost followed by "Warehouse" with an average price of RM 668 / sq.feet.
