Property prices for sale in Sungai Pinang (Penang)
The prices in real estate in Sungai Pinang, in the Penang region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Sungai Pinang has fallen in the last 6 months. In October, the average price per sq.feet was RM 581. In the following month the price per sq.feet decreased to RM 512. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. 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 527 to RM 517.5 during February y March
Based upon to the price in Sungai Pinang (cities), this has fallen considerably in the last 6 months. The average price for October is RM 606,993. During November the price had a slight fall till RM 547,000. During the following two months (December, January) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from RM 515,227.25 to RM 463,279 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 493,440 they are 16 % more affordable than the average price for Sungai Pinang. The properties with the highest average price have 1 bedroom, Their price is 59 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 755,085.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 457 / sq.feet, with an average RM 535 / sq.feet price in Sungai Pinang. The properties with the highest average prices have 2 bedrooms. They are 42 % more expensive than the average followed by properties with 1 bedroom with a price at RM 760 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 493,440 it is 9 % cheaper than the average price in Sungai Pinang. "Condominium" is seen as the second most affordable property type. The dearest property type is "Factory" followed by "Shop". At a price of RM 1,958,257 it is 580 % 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 488 / sq.feet followed by "Condominium" priced at RM 501 / sq.feet. "Factory" is the most costly type of property with a RM 595 / sq.feet cost followed by "Warehouse" with an average price of RM 556 / sq.feet.
