Property prices for rent in Balakong (Selangor)
The rent prices in real estate in Balakong, in the Selangor 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 Balakong has risen during the last 6 months. In October, the average price per sq.feet was RM 1.59. In November this price barely changed remaining at RM 1.62 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from RM 1.61 to RM 1.76 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 1.68 to RM 1.67 during February y March
When referring to the price in Balakong (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is RM 6,629. In November This price remains at RM 6,460. During the following two months (December, January) the average price had a considerable rise of 196 % with regard to the previous two months. 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 9,698.25 and RM 9,611.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of RM 11,831 they are 87 % more affordable than the average price for Balakong . The properties with the highest average price have 1 bedroom, Their price is 82 % more expensive than the average. After that we have properties with 4 bedrooms priced at RM 1,912.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.14 / sq.feet, with an average RM 1.69 / sq.feet price in Balakong. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1.69 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of RM 11,831 it is 89 % more affordable than the average price in Balakong. "Terraced House" is seen as the second most affordable property type. The most expensive property type is "Warehouse" followed by "Apartment". At a price of RM 18,843 it is 95 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Serviced Residence" at an average price of RM 1.19 / sq.feet followed by "Apartment" priced at RM 1.41 / sq.feet. "House" is the most expensive type of property with a RM 2.97 / sq.feet value followed by "Warehouse" with an average price of RM 1.87 / sq.feet.
