Property prices for sale in Bukit Mertajam (Penang)
The prices in real estate in Bukit Mertajam, 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 Bukit Mertajam has increased during the last 6 months. In October, the average price per sq.feet was RM 337. In the following month the price per sq.feet increased to RM 371. In the following two months the price per sq.feet has increased 106 %, going from RM 354 to RM 374.5 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 364.25 to RM 366 during February y March
Based upon to the price in Bukit Mertajam (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is RM 592,801. During November the price went through a considerable rise reaching RM 715,418. During the following two months (December, January) the average price had a considerable increase of 124 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from RM 732,313.75 to RM 629,367 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 626,216 they are 59 % more affordable than the average price for Bukit Mertajam. The properties with the highest average price have 1 bedroom, Their price is 789 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 616,308.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of RM 316 / sq.feet, with an average RM 366 / sq.feet price in Bukit Mertajam. The properties with the lowest average prices have 3 bedrooms. They are 7 % cheaper than the average followed by properties with 2 bedrooms with a price at RM 334 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 626,216 it is 45 % cheaper than the average price in Bukit Mertajam. "Condominium" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "House". At a price of RM 743,761 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Semi Detached House" at an average cost of RM 292 / sq.feet followed by "Terraced House" priced at RM 321 / sq.feet. "Link House" is the most costly type of property with a RM 384 / sq.feet cost followed by "Condominium" with an average price of RM 381 / sq.feet.
