Property prices for rent in Bandar Perda (Penang)
The rent prices in real estate in Bandar Perda, 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 Bandar Perda has fallen during the last 6 months. In October, the average price per sq.feet was RM 1.47. In November this price barely changed remaining at RM 1.48 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 1.48 to RM 1.48 per sq.feet. The price per sq.feet has had a considerable fall of 81 % 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 1.48 to RM 1.2 during February, and March.
When referring to the price in Bandar Perda (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is RM 1,730. In November This price remains at RM 1,667. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,698.5 to RM 1,689. 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 1,693.75 and RM 1,679 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 1,733 they are 67 % more affordable than the average price for Bandar Perda . The properties with the lowest average price have 4 bedrooms, Their price is 3 % more affordable than the average. After that we have properties with 3 bedrooms priced at RM 1,582.
According to average price per property type in Bandar Perda, "" priced at RM 1,277 is 26 % lower than the average price (RM 1,733) in this city.
