The prices in real estate in Kangar, in the Perlis region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Kangar has increased strongly during the last 6 months. In November, the average price per sq.feet was RM 124. In the following month the price per sq.feet increased to RM 132. In the following two months the price per sq.feet has barely changed, going from RM 128 to RM 134 per sq.feet. The price per sq.feet has had a considerable increase of 126 % 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 131 to RM 164.5 during March, and April.
Based upon to the price in Kangar (cities), this has gone up in the last 6 months. The price in November is RM 305,743, rising in December till RM 332,950. During the following two months (January, February) the price has had an average incrementation from RM 319,346.5 to RM 342,878.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of RM 374,466 they are 212 % more expensive than the average price for Kangar. Following this ranking we find those properties with 1 at an average price of RM 1,178,473. The properties with the highest average price have 1 bedroom, Their price is 215 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 1,166,736.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of RM 408 / sq.feet, with an average RM 168 / sq.feet price in Kangar. The properties with the highest average prices have 1 bedroom. They are 149 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 408 / sq.feet.
The graph displaying the average prices displays the property type "Lot" as the most affordable one. At an cost of RM 374,466 it is 10 % cheaper than the average price in Kangar. "Bungalow" is seen as the second most affordable property type. The dearest property type is "Shop" followed by "Bungalow". At a price of RM 1,166,736 it is 21152 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Lot" at an average cost of RM 114 / sq.feet followed by "Bungalow" priced at RM 408 / sq.feet. "Shop" is the most costly type of property with a RM 100,401 / sq.feet cost followed by "Bungalow" with an average price of RM 408 / sq.feet.