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 March, the average price per sq.feet was RM 660. In April this price pretty much remained the same at a value of RM 640 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 650 to RM 630 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 640 to RM 647 during July y August
Based upon to the price in Gelugor (cities), these have remained the same in the last 6 months. The average price for March is RM 1,149,163. During April the price had a slight fall till RM 1,052,160. In the following two months the average price has remained the same with regard to the previous two months from RM 1,100,661.5 to RM 1,085,662. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 1,239,620 they are 44 % more affordable than the average price for Gelugor. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 930,769.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 639 / sq.feet, with an average RM 666 / sq.feet price in Gelugor. The properties with the highest average prices have 1 bedroom. They are 74 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 722 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,239,620 it is 25 % cheaper than the average price in Gelugor. "Apartment" 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 1,970,578 it is 156 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Terraced House" at an average cost of RM 580 / sq.feet followed by "Semi Detached House" priced at RM 623 / sq.feet. "Bungalow" is the most costly type of property with a RM 731 / sq.feet cost followed by "Apartment" with an average price of RM 687 / sq.feet.