Property prices for sale in Penang Hill (Penang)

The prices in real estate in Penang Hill, in the Penang region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

RM 1,601,727.33
Average price last 6 months
RM 607.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Penang Hill has increased strongly during the last 6 months. In January, the average price per sq.feet was RM 496. In the following month the price per sq.feet increased to RM 556. The price for the following two months in (March, April) had a considerable increment of 117 %. The price per sq.feet has had a considerable increase of 119 % 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 570.25 to RM 681 during May, and June.

Average price

Based upon to the price in Penang Hill (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is RM 1,374,000. During February the price went through a considerable rise reaching RM 1,742,364. During the following two months (March, April) the price has had an average incrementation from RM 1,558,182 to RM 1,681,166.5. 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 1,619,674.25 and RM 1,565,833.5 between May and June.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 2 % cheaper than the average price of RM 1,632,496 in Penang Hill. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 2 % more affordable than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 17 % cheaper than the average price of (RM 565 / 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 17 % cheaper than the average value aforementioned.

Price per property type

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 1,632,496, they are 2 % more affordable than the average price of (!PRECIO2!). "Condominium" has the lowest price. This price is 2 % 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 565 / sq.feet. "Condominium" with an average cost of RM 565 / sq.feet has the lowest price and would be directed at less affluent cities.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Penang Hill
Number of properties used in region Penang
RM 1,661,667
RM 679
128
222,656
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value