Property prices for sale in Tanjung Tokong (Negeri Pulau Pinang)

The price per sq.feet in Tanjung Tokong has increased during the last 6 months. In October, the average price per sq.feet was RM 634. In November this price pretty much remained the same at a value of RM 653 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from RM 643.5 to RM 699.5 per sq.feet. The price per sq.feet has increased 114 % 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 671.5 to RM 764 during February, and March.

Based upon to the price in Tanjung Tokong (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is RM 965,644. In November This price remains at RM 969,607. During the following two months (December, January) the average price had a considerable increase of 120 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.

The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of RM 1,224,308 they are 32 % more affordable than the average price for Tanjung Tokong. The properties with the highest average price have 2 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 4 bedrooms priced at RM 1,456,518.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of RM 639 / sq.feet, with an average RM 777 / sq.feet price in Tanjung Tokong. The properties with the highest average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1,048 / sq.feet.

The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,224,308 it is 13 % cheaper than the average price in Tanjung Tokong. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Semi Detached House". At a price of RM 2,384,444 it is 148 % 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 690 / sq.feet followed by "Condominium" priced at RM 752 / sq.feet. "Shop" is the most costly type of property with a RM 953 / sq.feet cost followed by "House" with an average price of RM 869 / sq.feet.