Property prices for rent in Balik Pulau (Penang)
The rent prices in real estate in Balik Pulau, in the Penang region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Balik Pulau has fallen during the last 6 months. In October, the average price per sq.feet was RM 0.97. In November this price barely changed remaining at RM 0.93 per sq.feet. The price for the following two months in (December, January) fell 85 % with regard to the previous two months. The price per sq.feet has risen 111 % 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 0.88 to RM 0.98 during February, and March.
When referring to the price in Balik Pulau (cities), this has risen in the last 6 months. The rent price in October is RM 1,654, rising in November till RM 1,738. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,696 to RM 1,713. 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 1,704.5 and RM 1,768.5 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 1,769 they are 34 % more affordable than the average price for Balik Pulau . The properties with the lowest average price have 1 bedroom, Their price is 33 % more affordable than the average. After that we have properties with 2 bedrooms priced at RM 1,168.
According to average price per property type in Balik Pulau, "" priced at RM 1,168 is 34 % lower than the average price (RM 1,769) in this city.
