Property prices for sale in Tanjong Tokong (Penang)
The prices in real estate in Tanjong Tokong, 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 Tanjong Tokong has remained the same in the last 6 months. In October, the average price per sq.feet was RM 625. In November this price pretty much remained the same at a value of RM 623 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from RM 624 to RM 692.5 per sq.feet. The price per sq.feet has decreased 92 % 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 658.25 to RM 606.5 during February, and March.
Based upon to the price in Tanjong Tokong (cities), this has gone up in the last 6 months. The price in October is RM 706,588, rising in November till RM 742,388. During the following two months (December, January) the average price had a considerable increase of 128 % 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 87 %, going from RM 824,437.75 to RM 715,784.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 594,181 they are 38 % more affordable than the average price for Tanjong Tokong. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 1 bedroom priced at RM 811,727.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 450 / sq.feet, with an average RM 561 / sq.feet price in Tanjong Tokong. The properties with the highest average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 560 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 594,181 it is 49 % cheaper than the average price in Tanjong Tokong. "Condominium" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "Serviced Residence". At a price of RM 989,000 it is 192 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of RM 418 / sq.feet followed by "Apartment" priced at RM 428 / sq.feet. "Serviced Residence" is the most costly type of property with a RM 811 / sq.feet cost followed by "Condominium" with an average price of RM 614 / sq.feet.
