Property prices for sale in Sungai Nibong (Penang)
The prices in real estate in Sungai Nibong, 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 Nibong has remained the same in the last 6 months. In October, the average price per sq.feet was RM 524. In November this price pretty much remained the same at a value of RM 519 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from RM 521.5 to RM 575.5 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 548.5 to RM 530.5 during February y March
Based upon to the price in Sungai Nibong (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is RM 603,998. In November This price remains at RM 627,550. During the following two months (December, January) the average price had a considerable increase of 141 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of RM 742,295.75 and RM 731,735.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 722,348 they are 50 % more affordable than the average price for Sungai Nibong. The properties with the highest average price have 4 bedrooms, Their price is 88 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 632,996.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 467 / sq.feet, with an average RM 537 / sq.feet price in Sungai Nibong. The properties with the highest average prices have 4 bedrooms. They are 15 % more expensive than the average followed by properties with 1 bedroom with a price at RM 601 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 722,348 it is 49 % cheaper than the average price in Sungai Nibong. "Condominium" is seen as the second most affordable property type. The dearest property type is "Terraced House" followed by "Commercial". At a price of RM 1,173,770 it is 152 % 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 448 / sq.feet followed by "Condominium" priced at RM 525 / sq.feet. "Terraced House" is the most costly type of property with a RM 737 / sq.feet cost followed by "Commercial" with an average price of RM 607 / sq.feet.
