The rent prices in real estate in Bandar Sunway, in the Selangor 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 Sunway has had a strong fall during the last 6 months. In May, the average price per sq.feet was RM 4.64. In June this price barely changed remaining at RM 4.74 per sq.feet. The price for the following two months in (July, August) had a considerable fall of 82 with regard to the previous two months. The price per sq.feet has had a considerable fall of 51 % 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 4.28 to RM 2.18 during September, and October.
When referring to the price in Bandar Sunway (cities), this has risen considerably in the last 6 months. In our first sample month during May, the average price is RM 1,229. In June This price remains at RM 1,171. During the following two months (July, August) the price has had an average rise from RM 1,200 to RM 1,326.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 146 % during the last two months.
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 2,086 they are 39 % more affordable than the average price for Bandar Sunway . The properties with the highest average price have 2 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 4 bedrooms priced at RM 2,420.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.77 / sq.feet, with an average RM 1.91 / sq.feet price in Bandar Sunway. The properties with the most expensive average prices have 1 bedroom. They are 83 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 3.04 / sq.feet.
The graph displaying the average rent prices displays the property type "Terraced House" as the most affordable one. At an cost of RM 2,086 it is 39 % more affordable than the average price in Bandar Sunway. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Shop" followed by "Condominium". At a price of RM 2,703 it is 294 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Bungalow" at an average price of RM 1.8 / sq.feet followed by "Apartment" priced at RM 1.97 / sq.feet. "Shop" is the most expensive type of property with a RM 3.92 / sq.feet value followed by "Condominium" with an average price of RM 2.84 / sq.feet.