The prices in real estate in Minden Heights, 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 Minden Heights has increased during the last 6 months. In October, the average price per sq.feet was RM 817. In November this price pretty much remained the same at a value of RM 846 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 831.5 to RM 843.5 per sq.feet. The price per sq.feet has increased 105 % 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 837.5 to RM 882 during February, and March.
Based upon to the price in Minden Heights (cities), these have remained the same in the last 6 months. The price in October is RM 3,023,200, rising in November till RM 3,234,000. In the following two months the average price has remained the same with regard to the previous two months from RM 3,128,600 to RM 3,015,565.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from RM 3,072,082.75 to RM 2,792,615.5 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 3,137,231 they are 80 % more affordable than the average price for Minden Heights. The properties with the lowest average price have 2 bedrooms, Their price is 38 % cheaper than the average. After that we have properties with 1 bedroom priced at RM 619,867.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 601 / sq.feet, with an average RM 880 / sq.feet price in Minden Heights. The properties with the lowest average prices have 1 bedroom. They are 0 % cheaper than the average followed by properties with 2 bedrooms with a price at RM 601 / sq.feet.
With regard to the average price based upon the property in Minden Heights we can see that the cheapest property type is "Bungalow" at a price of RM 1,947,570, they are 38 % more affordable than the average price of (!PRECIO2!). "Bungalow" has the lowest price. This price is 38 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Bungalow with an average price of RM 601 / sq.feet. "Bungalow" with an average cost of RM 601 / sq.feet has the lowest price and would be directed at less affluent cities.