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 509. In January this price pretty much remained the same at a value of RM 498 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 503.5 to RM 487.5 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 495.5 to RM 509 during April y May
Based upon to the price in Bayan Lepas (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is RM 804,485. In January This price remains at RM 816,599. During the following two months (February, March) the average price had a considerable reduction of 82 % 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 106 % 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 860,069 they are 47 % more affordable than the average price for Bayan Lepas. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 547,658.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 487 / sq.feet, with an average RM 511 / sq.feet price in Bayan Lepas. The properties with the highest average prices have 1 bedroom. They are 50 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 661 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 860,069 it is 37 % 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 1,494,463 it is 306 % 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 489 / sq.feet followed by "Terraced House" priced at RM 514 / sq.feet. "Bungalow" is the most costly type of property with a RM 717 / sq.feet cost followed by "Semi Detached House" with an average price of RM 550 / sq.feet.