The prices in real estate in Sungai Ara, 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 Sungai Ara has remained the same in the last 6 months. In September, the average price per sq.feet was RM 479. In October this price pretty much remained the same at a value of RM 476 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 477.5 to RM 479.5 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 478.5 to RM 490.5 during January y February
Based upon to the price in Sungai Ara (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is RM 584,463. In October This price remains at RM 600,013. During the following two months (November, December) the price has had an average incrementation from RM 592,238 to RM 646,368.5. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 772,806 they are 58 % more affordable than the average price for Sungai Ara. The properties with the highest average price have 1 bedroom, Their price is 35 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 908,984.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 452 / sq.feet, with an average RM 500 / sq.feet price in Sungai Ara. The properties with the highest average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 4 bedrooms with a price at RM 476 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 772,806 it is 60 % cheaper than the average price in Sungai Ara. "Condominium" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "Link House". At a price of RM 1,182,624 it is 126 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of RM 410 / sq.feet followed by "Terraced House" priced at RM 452 / sq.feet. "Semi Detached House" is the most costly type of property with a RM 549 / sq.feet cost followed by "Link House" with an average price of RM 499 / sq.feet.