Property prices for sale in Simpang Ampat (Penang)
The prices in real estate in Simpang Ampat, 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 Simpang Ampat has remained the same in the last 6 months. In October, the average price per sq.feet was RM 350. In the following month the price per sq.feet increased to RM 374. In the following two months the price per sq.feet has barely changed, going from RM 362 to RM 377.5 per sq.feet. The price per sq.feet has had a considerable deflation of 82 % 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 369.75 to RM 303.5 during February, and March.
Based upon to the price in Simpang Ampat (cities), this has gone up considerably in the last 6 months. The price in October is RM 587,288, rising in November till RM 655,350. During the following two months (December, January) the average price had a considerable increase of 183 % 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 879,686.5 to RM 625,420, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 613,964 they are 52 % more affordable than the average price for Simpang Ampat. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at RM 388,523.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of RM 299 / sq.feet, with an average RM 289 / sq.feet price in Simpang Ampat. The properties with the highest average prices have 2 bedrooms. They are 45 % more expensive than the average followed by properties with 1 bedroom with a price at RM 417 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 613,964 it is 31 % cheaper than the average price in Simpang Ampat. "Link House" is seen as the second most affordable property type. The dearest property type is "Warehouse" followed by "Semi Detached House". At a price of RM 673,675 it is 1462 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Semi Detached House" at an average cost of RM 253 / sq.feet followed by "Terraced House" priced at RM 311 / sq.feet. "Warehouse" is the most costly type of property with a RM 550 / sq.feet cost followed by "Condominium" with an average price of RM 420 / sq.feet.
