The prices in real estate in Penang Hill, in the Penang region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Penang Hill has fallen in the last 6 months. In October, the average price per sq.feet was RM 581. In the following month the price per sq.feet decreased to RM 509. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. The price per sq.feet has increased 108 % 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 527.25 to RM 568.5 during February, and March.
Based upon to the price in Penang Hill (cities), this has gone downing the last 6 months. The average price for October is RM 1,738,167. During November the price had a considerable reduction till RM 1,202,200. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 5 % cheaper than the average price of RM 1,637,405 in Penang Hill. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 5 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2 % cheaper than the average price of (RM 568 / sq.feet) in Penang Hill. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Penang Hill we can see that the cheapest property type is "Condominium" at a price of RM 1,637,405, they are 5 % more affordable than the average price of (!PRECIO2!). "Condominium" has the lowest price. This price is 5 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Condominium with an average price of RM 568 / sq.feet. "Condominium" with an average cost of RM 568 / sq.feet has the lowest price and would be directed at less affluent cities.