The prices in real estate in Narawang, in the Sabah 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 Narawang has remained the same in the last 6 months. In May, the average price per sq.feet was RM 275. In June this price pretty much remained the same at a value of RM 275 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from RM 275 to RM 294.5 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 284.75 to RM 283 during September y October
Based upon to the price in Narawang (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is RM 532,837. During June the price went through a considerable rise reaching RM 822,251. During the following two months (July, August) the average price had a considerable increase of 117 % with regard to the previous two months. 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 736,373 and RM 771,175 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 619,406 they are 52 % more affordable than the average price for Narawang. The properties with the highest average price have 1 bedroom, Their price is 395 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 550,821.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 254 / sq.feet, with an average RM 266 / sq.feet price in Narawang. The properties with the highest average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at RM 290 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 619,406 it is 61 % cheaper than the average price in Narawang. "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 835,040 it is 83 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of RM 256 / sq.feet followed by "Terraced House" priced at RM 268 / sq.feet. "Link House" is the most costly type of property with a RM 318 / sq.feet cost followed by "Bungalow" with an average price of RM 308 / sq.feet.