The prices in real estate in West Coast Division, in the Sabah region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in West Coast Division has increased strongly during the last 6 months. In January, the average price per sq.feet was RM 462. In the following month the price per sq.feet increased considerably to RM 7,245. The price for the following two months in (March, April) had a considerable increment of 195 %. The price per sq.feet has had a considerable deflation of 21 % 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 5,687.75 to RM 1,182.5 during May, and June.
Based upon to the price in West Coast Division (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is RM 998,417. During February the price went through a considerable rise reaching RM 1,171,124. During the following two months (March, April) the average price had a considerable increase of 125 % 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 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of RM 1,422,134 they are 45 % more affordable than the average price for West Coast Division. The properties with the lowest average price have 4 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 2 bedrooms priced at RM 869,447.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of RM 420 / sq.feet, with an average RM 622 / sq.feet price in West Coast Division. The properties with the highest average prices have 1 bedroom. They are 78 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 882 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,422,134 it is 33 % cheaper than the average price in West Coast Division. "Residential House" is seen as the second most affordable property type. The dearest property type is "Vacant Land" followed by "Residential Land". At a price of RM 2,933,333 it is 191 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential House" at an average cost of RM 366 / sq.feet followed by "Commercial" priced at RM 684 / sq.feet. "Residential Land" is the most costly type of property with a RM 1,600,000 / sq.feet cost followed by "Vacant Land" with an average price of RM 1,074,409 / sq.feet.