Property prices for sale in Bayan Lepas (Penang)
The prices in real estate in Bayan Lepas, 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 Bayan Lepas has remained the same in the last 6 months. In December, the average price per sq.feet was RM 528. In January this price pretty much remained the same at a value of RM 525 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 526.5 to RM 542 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 534.25 to RM 513.5 during April y May
Based upon to the price in Bayan Lepas (cities), this has fallen considerably in the last 6 months. The average price for December is RM 922,663. During January the price had a slight fall till RM 822,595. In the following two months the average price has remained the same with regard to the previous two months from RM 872,629 to RM 836,330.5. During the last two months the average price has had a strong fall compared to the previous four going from RM 854,479.75 to RM 700,662.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 723,920 they are 23 % more affordable than the average price for Bayan Lepas. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 1 bedroom priced at RM 560,700.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 512 / sq.feet, with an average RM 529 / sq.feet price in Bayan Lepas. The properties with the highest average prices have 1 bedroom. They are 66 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 710 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 723,920 it is 53 % cheaper than the average price in Bayan Lepas. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Semi Detached House". At a price of RM 1,735,253 it is 391 % 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 432 / sq.feet followed by "Terraced House" priced at RM 479 / sq.feet. "Bungalow" is the most costly type of property with a RM 752 / sq.feet cost followed by "Semi Detached House" with an average price of RM 584 / sq.feet.
