The prices in real estate in Penang Hill, in the Penang region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Penang Hill has had a strong decrease during the last 6 months. In April, the average price per sq.feet was RM 688. In May this price pretty much remained the same at a value of RM 681 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 86 % 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 622.75 to RM 533 during August, and September.
Based upon to the price in Penang Hill (cities), this has fallen considerably in the last 6 months. The average price for April is RM 2,085,833. During May the price had a considerable reduction till RM 1,761,824. During the following two months (June, July) the average price had a considerable reduction of 76 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from RM 1,691,799.75 to RM 1,574,150 in August and September.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 2 % more costly than the average price of RM 1,647,267 in Penang Hill. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 2 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 6 % more costly than the average price of (RM 574 / sq.feet) in Penang Hill. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 6 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Penang Hill we can see that most expensive property type is "Condominium" at a price of RM 1,647,267, they are 2 % more costly than the average price of (!PRECIO2!). "Condominium" has the highest price. This price is 2 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Condominium with an average price of RM 574 / sq.feet. "Condominium" at an average price of RM 574 / sq.feet has the most expensive price and would be directed at more affluent cities.