The prices in real estate in Tanjung Bungah, in the Penang region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Tanjung Bungah has increased during the last 6 months. In January, the average price per sq.feet was RM 612. In February this price pretty much remained the same at a value of RM 621 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from RM 616.5 to RM 662.5 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 639.5 to RM 648 during May y June
Based upon to the price in Tanjung Bungah (cities), this has gone up in the last 6 months. The average price for January is RM 1,553,875. During February the price had a slight fall till RM 1,471,700. During the following two months (March, April) the price has had an average incrementation from RM 1,512,787.5 to RM 1,686,042.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 1,815,785 they are 58 % more affordable than the average price for Tanjung Bungah. The properties with the highest average price have 1 bedroom, Their price is 56 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 2,076,046.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of RM 674 / sq.feet, with an average RM 646 / sq.feet price in Tanjung Bungah. The properties with the highest average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 683 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,815,785 it is 53 % cheaper than the average price in Tanjung Bungah. "Terraced House" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Semi Detached House". At a price of RM 2,227,250 it is 105 % 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 573 / sq.feet followed by "Terraced House" priced at RM 574 / sq.feet. "Bungalow" is the most costly type of property with a RM 909 / sq.feet cost followed by "Semi Detached House" with an average price of RM 781 / sq.feet.