Property prices for sale in Teluk Kumbar (Penang)
The prices in real estate in Teluk Kumbar, 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 Teluk Kumbar has remained the same in the last 6 months. In October, the average price per sq.feet was RM 380. In November this price pretty much remained the same at a value of RM 379 per sq.feet. In the following two months the price per sq.feet has barely changed, going from RM 379.5 to RM 385.5 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 382.5 to RM 391 during February y March
Based upon to the price in Teluk Kumbar (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is RM 517,565. In November This price remains at RM 521,088. During the following two months (December, January) the price has had an average incrementation from RM 519,326.5 to RM 559,675.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from RM 539,501 to RM 486,944.5 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 463,218 they are 65 % more affordable than the average price for Teluk Kumbar. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at RM 473,927.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of RM 319 / sq.feet, with an average RM 385 / sq.feet price in Teluk Kumbar. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 393 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of RM 463,218 it is 65 % cheaper than the average price in Teluk Kumbar. "Apartment" is seen as the second most affordable property type. The dearest property type is "Semi Detached House" followed by "Link House". At a price of RM 835,252 it is 99 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of RM 309 / sq.feet followed by "Semi Detached House" priced at RM 338 / sq.feet. "Link House" is the most costly type of property with a RM 419 / sq.feet cost followed by "Terraced House" with an average price of RM 417 / sq.feet.
