Property prices for rent in Klcc (Kuala Lumpur)

The price per sq.feet in Klcc has risen strongly during the last 6 months. In October, the average price per sq.feet was RM 3.82. In November this price barely changed remaining at RM 3.75 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 149 %. The price per sq.feet has had a considerable fall of 84 % 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 4.71 to RM 3.94 during February, and March.

When referring to the price in Klcc (cities), this has risen considerably in the last 6 months. The rent price in October is RM 4,887, rising in November till RM 5,132. During the following two months (December, January) the average price had a considerable rise of 312 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from RM 10,312.25 to RM 4,806, which means a 47 % fall.

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of RM 4,612 they are 28 % more affordable than the average price for Klcc . The properties with the highest average price have 4 bedrooms, Their price is 95 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 6,152.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 3.42 / sq.feet, with an average RM 3.95 / sq.feet price in Klcc. The properties with the most expensive average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 4.43 / sq.feet.

The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of RM 4,612 it is 38 % more affordable than the average price in Klcc. "Serviced Residence" is seen as the second most affordable property type. The most expensive property type is "Condominium" followed by "House". At a price of RM 23,767 it is 486 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of RM 3.8 / sq.feet followed by "Serviced Residence" priced at RM 4.59 / sq.feet. "Condominium" is the most expensive type of property with a RM 6.44 / sq.feet value followed by "Apartment" with an average price of RM 5.47 / sq.feet.