Property prices for rent in Bandar Hilir (Melaka)
The rent prices in real estate in Bandar Hilir, in the Melaka region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Bandar Hilir has had a strong fall during the last 6 months. In October, the average price per sq.feet was RM 2.42. In the following month the price per sq.feet fell to RM 2.1. The price for the following two months in (December, January) had a considerable fall of 65 with regard to the previous two months. The price per sq.feet has had a considerable fall of 70 % 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 1.86 to RM 1.29 during February, and March.
When referring to the price in Bandar Hilir (cities), there have hardly been any changes in the last 6 months. The rent price in October is RM 1,867, rising in November till RM 1,971. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,919 to RM 1,904.5. 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 1,911.75 and RM 1,875 between February and March.
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 1,929 they are 30 % more affordable than the average price for Bandar Hilir . The properties with the highest average price have 4 bedrooms, Their price is 25 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 1,612.
According to average price per property type in Bandar Hilir, "" priced at RM 2,214 is 15 % more expensive than the average price (RM 1,929) in this city.
