Property prices for sale in Bayan Lepas (Penang)
The prices in real estate in Bayan Lepas, 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 Bayan Lepas has increased during the last 6 months. In April, the average price per sq.feet was RM 498. In the following month the price per sq.feet increased to RM 529. In the following two months the price per sq.feet has barely changed, going from RM 513.5 to RM 528.5 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 521 to RM 531 during August y September
Based upon to the price in Bayan Lepas (cities), these have remained the same in the last 6 months. The price in April is RM 677,405, rising in May till RM 723,920. During the following two months (June, July) the average price fell 90 % 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 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 624,520 they are 24 % more affordable than the average price for Bayan Lepas. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 539,588.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 486 / sq.feet, with an average RM 512 / sq.feet price in Bayan Lepas. The properties with the highest average prices have 1 bedroom. They are 94 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 698 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 624,520 it is 63 % cheaper than the average price in Bayan Lepas. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Link House". At a price of RM 1,026,280 it is 78 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of RM 370 / sq.feet followed by "Terraced House" priced at RM 442 / sq.feet. "Condominium" is the most costly type of property with a RM 601 / sq.feet cost followed by "Link House" with an average price of RM 502 / sq.feet.
