Property prices for sale in Seberang Perai (Penang)
The prices in real estate in Seberang Perai, in the Penang region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Seberang Perai has remained the same in the last 6 months. In October, the average price per sq.feet was RM 328. In November this price pretty much remained the same at a value of RM 331 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 329.5 to RM 332 per sq.feet. The price per sq.feet has decreased 93 % 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 330.75 to RM 306.5 during February, and March.
Based upon to the price in Seberang Perai (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is RM 458,931. In November This price remains at RM 476,819. In the following two months the average price has remained the same with regard to the previous two months from RM 467,875 to RM 458,578.5. During the last two months the average price has had a strong fall compared to the previous four going from RM 463,226.75 to RM 347,980, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of RM 342,674 they are 7 % more expensive than the average price for Seberang Perai. Following this ranking we find those properties with 2 at an average price of RM 377,015. The properties with the highest average price have 1 bedroom, Their price is 1488 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 422,112.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 253 / sq.feet, with an average RM 305 / sq.feet price in Seberang Perai. The properties with the highest average prices have 1 bedroom. They are 96 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 396 / sq.feet.
The graph displaying the average prices displays the property type "Terraced House" as the most costly one. At an cost of RM 342,674 it is 4 % more expensive than the average price in Seberang Perai. "Condominium" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Warehouse". At a price of RM 949,758 it is 349 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Warehouse" at an average cost of RM 240 / sq.feet followed by "Apartment" priced at RM 250 / sq.feet. "Terraced House" is the cheapest type of property with a RM 303 / sq.feet value followed by "Condominium" with an average price of RM 273 / sq.feet.
