The prices in real estate in Sungai Ara, in the Penang region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Sungai Ara has increased during the last 6 months. In January, the average price per sq.feet was RM 445. In February this price pretty much remained the same at a value of RM 456 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from RM 450.5 to RM 485 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of RM 467.75 to RM 479.5 during May y June
Based upon to the price in Sungai Ara (cities), this has gone up considerably in the last 6 months. The price in January is RM 670,638, rising in February till RM 722,469. During the following two months (March, April) the average price had a considerable increase of 128 % 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 gone up 113 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 6 % cheaper than the average price of RM 822,047 in Sungai Ara. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 6 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 3 % more costly than the average price of (RM 486 / sq.feet) in Sungai Ara. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 3 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Link House" as the most affordable one. At an cost of RM 872,454 it is 24 % cheaper than the average price in Sungai Ara. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Link House". At a price of RM 667,290 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Link House" at an average cost of RM 440 / sq.feet followed by "Apartment" priced at RM 486 / sq.feet. "Apartment" is the most costly type of property with a RM 486 / sq.feet cost followed by "Link House" with an average price of RM 440 / sq.feet.