The prices in real estate in Tanjung Bungah, 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 Tanjung Bungah has remained the same in the last 6 months. In August, the average price per sq.feet was RM 673. In September this price pretty much remained the same at a value of RM 669 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 671 to RM 673 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 672 to RM 650 during December y January
Based upon to the price in Tanjung Bungah (cities), this has fallen considerably in the last 6 months. The average price for August is RM 2,127,451. During September the price had a considerable reduction till RM 1,650,250. During the following two months (October, November) the average price fell 91 % 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 1,802,219 and RM 1,864,837.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of RM 1,802,488 they are 63 % more affordable than the average price for Tanjung Bungah. The properties with the highest average price have 1 bedroom, Their price is 29 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 2,289,663.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 649 / sq.feet, with an average RM 665 / sq.feet price in Tanjung Bungah. The properties with the highest average prices have 1 bedroom. They are 90 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 689 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,802,488 it is 40 % cheaper than the average price in Tanjung Bungah. "Link House" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "Bungalow". At a price of RM 2,298,806 it is 106 % more expensive 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 576 / sq.feet followed by "Condominium" priced at RM 579 / sq.feet. "Semi Detached House" is the most costly type of property with a RM 840 / sq.feet cost followed by "Bungalow" with an average price of RM 791 / sq.feet.