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 March, the average price per sq.feet was RM 650. In April this price pretty much remained the same at a value of RM 675 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 662.5 to RM 648 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 655.25 to RM 655 during July y August
Based upon to the price in Tanjung Bungah (cities), this has gone up in the last 6 months. The price in March is RM 1,633,210, rising in April till RM 1,738,875. During the following two months (May, June) the price has had an average incrementation from RM 1,686,042.5 to RM 1,814,374. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 2,127,451 they are 76 % more affordable than the average price for Tanjung Bungah. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 1 bedroom priced at RM 1,630,934.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of RM 445 / sq.feet, with an average RM 673 / sq.feet price in Tanjung Bungah. The properties with the lowest average prices have 3 bedrooms. They are 2 % cheaper than the average followed by properties with 4 bedrooms with a price at RM 651 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 2,127,451 it is 48 % cheaper than the average price in Tanjung Bungah. "Link House" is seen as the second most affordable property type. The dearest property type is "Terraced House" followed by "Semi Detached House". At a price of RM 1,973,681 it is 66 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Bungalow" at an average cost of RM 563 / sq.feet followed by "Link House" priced at RM 581 / sq.feet. "Terraced House" is the most costly type of property with a RM 921 / sq.feet cost followed by "Semi Detached House" with an average price of RM 730 / sq.feet.