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 November, the average price per sq.feet was RM 502. In December this price pretty much remained the same at a value of RM 496 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 499 to RM 497 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 498 to RM 491.5 during March y April
Based upon to the price in Bayan Lepas (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is RM 704,097. In December This price remains at RM 677,869. During the following two months (January, February) the price has had an average incrementation from RM 690,983 to RM 728,222.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of RM 709,602.75 and RM 739,380.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 710,976 they are 33 % more affordable than the average price for Bayan Lepas. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 573,910.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 465 / sq.feet, with an average RM 488 / sq.feet price in Bayan Lepas. The properties with the highest average prices have 1 bedroom. They are 73 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 659 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 710,976 it is 46 % cheaper than the average price in Bayan Lepas. "Condominium" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "Link House". At a price of RM 1,147,812 it is 144 % 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 424 / sq.feet followed by "Condominium" priced at RM 492 / sq.feet. "Semi Detached House" is the most costly type of property with a RM 579 / sq.feet cost followed by "Serviced Residence" with an average price of RM 545 / sq.feet.