The prices in real estate in Bukit Tengah, 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 Tengah has increased during the last 6 months. In October, the average price per sq.feet was RM 347. In November this price pretty much remained the same at a value of RM 358 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from RM 352.5 to RM 370.5 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 361.5 to RM 373.5 during February y March
Based upon to the price in Bukit Tengah (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is RM 731,326. In November This price remains at RM 721,620. In the following two months the average price has remained the same with regard to the previous two months from RM 726,473 to RM 691,930.5. 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 709,201.75 and RM 700,987 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 708,974 they are 82 % more affordable than the average price for Bukit Tengah. The properties with the lowest average price have 2 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 1 bedroom priced at RM 130,024.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 252 / sq.feet, with an average RM 374 / sq.feet price in Bukit Tengah. The properties with the highest average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 252 / sq.feet.
With regard to the average price based upon the property in Bukit Tengah we can see that the cheapest property type is "Residential House" at a price of RM 629,977, they are 11 % more affordable than the average price of (!PRECIO2!). "Residential House" has the lowest price. This price is 11 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Residential House with an average price of RM 252 / sq.feet. "Residential House" with an average cost of RM 252 / sq.feet has the lowest price and would be directed at less affluent cities.