The prices in real estate in Pulau Langkawi, in the Kedah 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.
The price per sq.feet in Pulau Langkawi has increased strongly during the last 6 months. In November, the average price per sq.feet was RM 332. In the following month the price per sq.feet increased considerably to RM 412. The price for the following two months in (January, February) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 214 % 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 411.5 to RM 879.5 during March, and April.
Based upon to the price in Pulau Langkawi (cities), this has gone up considerably in the last 6 months. The average price for November is RM 406,667. During December the price had a considerable reduction till RM 341,000. During the following two months (January, February) the average price fell 89 % 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 189 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 715,250 they are 30 % more affordable than the average price for Pulau Langkawi. The properties with the highest average price have 3 bedrooms, Their price is 82 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 808,862.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 577 / sq.feet, with an average RM 972 / sq.feet price in Pulau Langkawi. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 993 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 715,250 it is 64 % cheaper than the average price in Pulau Langkawi. "Residential Land" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Residential House". At a price of RM 373,429 it is 445 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential House" at an average cost of RM 178 / sq.feet followed by "Residential Land" priced at RM 243 / sq.feet. "Bungalow" is the cheapest type of property with a RM 446 / sq.feet value followed by "Apartment" with an average price of RM 271 / sq.feet.