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 July, the average price per sq.feet was RM 1.41. In August this price barely changed remaining at RM 1.41 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 1.41 to RM 1.46 per sq.feet. The price per sq.feet has risen 108 % 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 1.43 to RM 1.55 during November, and December.
When referring to the price in Cheras (cities), this has risen in the last 6 months. In our first sample month during July, the average price is RM 1,522. In August This price remains at RM 1,521. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,521.5 to RM 1,595.5. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
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 1,756 they are 16 % more affordable than the average price for Cheras . The properties with the highest average price have 1 bedroom, Their price is 15 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 2,005.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.13 / sq.feet, with an average RM 1.58 / sq.feet price in Cheras. The properties with the most expensive average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.22 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,756 it is 33 % more affordable than the average price in Cheras. "" is seen as the second most affordable property type. The most expensive property type is "Link House" followed by "House". At a price of RM 4,092 it is 134 % 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 1.34 / sq.feet followed by "Condominium" priced at RM 1.58 / sq.feet. "Link House" is the most expensive type of property with a RM 2.16 / sq.feet value followed by "Bungalow" with an average price of RM 2.12 / sq.feet.