Property prices for sale in Bukit Minyak (Penang)
The prices in real estate in Bukit Minyak, 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 Bukit Minyak has remained the same in the last 6 months. In October, the average price per sq.feet was RM 328. In November this price pretty much remained the same at a value of RM 332 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 330 to RM 339.5 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 334.75 to RM 342 during February y March
Based upon to the price in Bukit Minyak (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is RM 614,514. In November This price remains at RM 616,463. During the following two months (December, January) the average price had a considerable increase of 130 % 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 risen strongly 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 1,044,342 they are 62 % more affordable than the average price for Bukit Minyak. The properties with the lowest average price have 1 bedroom, Their price is 15 % cheaper than the average. After that we have properties with 4 bedrooms priced at RM 705,213.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 304 / sq.feet, with an average RM 347 / sq.feet price in Bukit Minyak. The properties with the highest average prices have 1 bedroom. They are 48 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 391 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,044,342 it is 62 % cheaper than the average price in Bukit Minyak. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Factory" followed by "Bungalow". At a price of RM 960,592 it is 1034 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Bungalow" at an average cost of RM 265 / sq.feet followed by "Semi Detached House" priced at RM 270 / sq.feet. "Factory" is the most costly type of property with a RM 492 / sq.feet cost followed by "House" with an average price of RM 367 / sq.feet.
