Property prices for sale in Butterworth (Penang)
The prices in real estate in Butterworth, 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 Butterworth has remained the same in the last 6 months. In October, the average price per sq.feet was RM 368. In November this price pretty much remained the same at a value of RM 385 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 376.5 to RM 388.5 per sq.feet. The price per sq.feet has decreased 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of RM 382.5 to RM 347.5 during February, and March.
Based upon to the price in Butterworth (cities), this has gone up in the last 6 months. The price in October is RM 497,663, rising in November till RM 552,424. During the following two months (December, January) the price has had an average incrementation from RM 525,043.5 to RM 561,253.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from RM 543,148.5 to RM 491,275.5 in 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 487,941 they are 31 % more affordable than the average price for Butterworth. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 414,393.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 319 / sq.feet, with an average RM 345 / sq.feet price in Butterworth. 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 462 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 487,941 it is 21 % cheaper than the average price in Butterworth. "Condominium" is seen as the second most affordable property type. The dearest property type is "House" followed by "Terraced House". At a price of RM 628,512 it is 101 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Link House" at an average cost of RM 310 / sq.feet followed by "Apartment" priced at RM 351 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 533 / sq.feet cost followed by "House" with an average price of RM 464 / sq.feet.
