Property prices for rent in Kuala Lumpur (Wilayah Persekutuan Kuala Lumpur)
The rent prices in real estate in Kuala Lumpur, in the Wilayah Persekutuan Kuala Lumpur region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Kuala Lumpur has barely changed in the last 6 months. In October, the average price per sq.feet was RM 3.05. In November this price barely changed remaining at RM 3.15 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from RM 3.1 to RM 3.31 per sq.feet. The price per sq.feet has fallen 87 % 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 3.2 to RM 2.8 during February, and March.
When referring to the price in Kuala Lumpur (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is RM 3,156. In November This price remains at RM 3,210. During the following two months (December, January) the average price fell 94 % 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 3,092 to RM 2,142.5, which means a 69 % 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 2,153 they are 32 % more affordable than the average price for Kuala Lumpur . The properties with the highest average price have 4 bedrooms, Their price is 119 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 2,641.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of RM 2.19 / sq.feet, with an average RM 2.75 / sq.feet price in Kuala Lumpur. The properties with the most expensive average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 1 bedroom with a price at RM 3.25 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of RM 2,153 it is 10 % more affordable than the average price in Kuala Lumpur. "House" is seen as the second most affordable property type. The most expensive property type is "Link House" followed by "Commercial". At a price of RM 14,216 it is 2142 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condominium" at an average price of RM 2.64 / sq.feet followed by "Link House" priced at RM 3.01 / sq.feet. "Apartment" is the most expensive type of property with a RM 6.32 / sq.feet value followed by "Commercial" with an average price of RM 5.05 / sq.feet.
