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 August, the average price per sq.feet was RM 289. In September this price pretty much remained the same at a value of RM 300 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 294.5 to RM 280 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 287.25 to RM 288.5 during December y January
Based upon to the price in Narawang (cities), these have remained the same in the last 6 months. The average price during our first sample month during August, is RM 753,453. During September the price went through a considerable rise reaching RM 922,944. During the following two months (October, November) the average price fell 85 % 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 777,015.75 and RM 756,205.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 667,665 they are 55 % more affordable than the average price for Narawang. The properties with the highest average price have 1 bedroom, Their price is 470 % more costly than the average. After that we have properties with 2 bedrooms priced at RM 862,313.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 267 / sq.feet, with an average RM 292 / sq.feet price in Narawang. The properties with the highest average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at RM 302 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 667,665 it is 52 % cheaper than the average price in Narawang. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Factory" followed by "Bungalow". At a price of RM 1,439,657 it is 475 % 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 269 / sq.feet followed by "Link House" priced at RM 290 / sq.feet. "Factory" is the most costly type of property with a RM 364 / sq.feet cost followed by "Bungalow" with an average price of RM 353 / sq.feet.