The prices in real estate in Gelugor, 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 Gelugor has remained the same in the last 6 months. In November, the average price per sq.feet was RM 604. In December this price pretty much remained the same at a value of RM 607 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 605.5 to RM 635 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 620.25 to RM 631.5 during March y April
Based upon to the price in Gelugor (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is RM 1,034,467. In December This price remains at RM 1,069,649. In the following two months the average price has remained the same with regard to the previous two months from RM 1,052,058 to RM 1,075,437. 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 1,063,747.5 and RM 1,053,185.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 1,013,325 they are 32 % more affordable than the average price for Gelugor. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 797,122.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 604 / sq.feet, with an average RM 623 / sq.feet price in Gelugor. The properties with the highest average prices have 1 bedroom. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 706 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,013,325 it is 28 % cheaper than the average price in Gelugor. "Residential House" 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 2,113,527 it is 230 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential House" at an average cost of RM 510 / sq.feet followed by "Apartment" priced at RM 574 / sq.feet. "Bungalow" is the most costly type of property with a RM 757 / sq.feet cost followed by "Condominium" with an average price of RM 683 / sq.feet.