The prices in real estate in Sapong, in the Sabah 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 Sapong has had a strong decrease during the last 6 months. In October, the average price per sq.feet was RM 669. In the following month the price per sq.feet decreased considerably to RM 379. The price for the following two months in (December, January) had a considerable decrease of 36 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 356.75 to RM 257 during February, and March.
Based upon to the price in Sapong (cities), this has fallen considerably in the last 6 months. The average price for October is RM 1,153,551. During November the price had a slight fall till RM 1,087,755. During the following two months (December, January) the average price had a considerable reduction of 49 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from RM 832,265.25 to RM 652,168, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of RM 216,581 they are 232 % more expensive than the average price for Sapong. Following this ranking we find those properties with 4 at an average price of RM 970,881. The properties with the highest average price have 2 bedrooms, Their price is 354 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 970,881.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of RM 641 / sq.feet, with an average RM 135 / sq.feet price in Sapong. The properties with the highest average prices have 1 bedroom. They are 572 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 654 / sq.feet.
With regard to the average price based upon the property in Sapong we can see that most expensive property type is "Apartment" at a price of RM 970,881, they are 348 % more costly than the average price of (!PRECIO2!). "Apartment" has the highest price. This price is 348 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Apartment with an average price of RM 641 / sq.feet. "Apartment" at an average price of RM 641 / sq.feet has the most expensive price and would be directed at more affluent cities.