The rent prices in real estate in Cheras, in the Kuala Lumpur region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Cheras has risen during the last 6 months. In August, the average price per sq.feet was RM 1.41. In September this price barely changed remaining at RM 1.43 per sq.feet. In the following two months the price per sq.feet has risen 106 %, going from RM 1.42 to RM 1.5 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of RM 1.46 to RM 1.52 during December y January
When referring to the price in Cheras (cities), this has risen in the last 6 months. In our first sample month during August, the average price is RM 1,521. In September This price remains at RM 1,563. During the following two months (October, November) the price has had an average rise from RM 1,542 to RM 1,660.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of RM 1,601.25 and RM 1,669.5 between December and January.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of RM 1,583 they are 11 % more affordable than the average price for Cheras . The properties with the highest average price have 1 bedroom, Their price is 28 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 1,946.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.25 / sq.feet, with an average RM 1.47 / sq.feet price in Cheras. The properties with the most expensive average prices have 2 bedrooms. They are 39 % more expensive than the average followed by properties with 1 bedroom with a price at RM 2 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,583 it is 32 % more affordable than the average price in Cheras. "" is seen as the second most affordable property type. The most expensive property type is "Shop" followed by "Terraced House". At a price of RM 3,651 it is 142 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of RM 1.21 / sq.feet followed by "Condominium" priced at RM 1.52 / sq.feet. "Shop" is the most expensive type of property with a RM 2.28 / sq.feet value followed by "Terraced House" with an average price of RM 2 / sq.feet.