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 January, the average price per sq.feet was RM 493. In February this price pretty much remained the same at a value of RM 501 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 497 to RM 491.5 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 494.25 to RM 509.5 during May y June
Based upon to the price in Bayan Lepas (cities), these have remained the same in the last 6 months. The price in January is RM 707,296, rising in February till RM 749,149. In the following two months the average price has remained the same with regard to the previous two months from RM 728,222.5 to RM 739,380.5. 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 733,801.5 and RM 726,578.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 737,032 they are 35 % more affordable than the average price for Bayan Lepas. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 580,348.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 492 / sq.feet, with an average RM 514 / sq.feet price in Bayan Lepas. The properties with the highest average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 590 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 737,032 it is 40 % 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 1,603,829 it is 357 % 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 441 / sq.feet followed by "Terraced House" priced at RM 511 / sq.feet. "Bungalow" is the most costly type of property with a RM 668 / sq.feet cost followed by "Link House" with an average price of RM 558 / sq.feet.