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 August, the average price per sq.feet was RM 3.54. In the following month the price per sq.feet fell considerably to RM 2.46. The price for the following two months in (October, November) had a considerable fall of 60 with regard to the previous two months. The price per sq.feet has had a considerable fall of 79 % 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 2.4 to RM 1.89 during December, and January.
When referring to the price in Bandar Sunway (cities), this has risen considerably in the last 6 months. The rent price in August is RM 1,462, rising in September till RM 1,593. During the following two months (October, November) the average price had a considerable rise of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 115 % 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 2,063 they are 32 % more affordable than the average price for Bandar Sunway . The properties with the highest average price have 2 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 4 bedrooms priced at RM 2,240.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.62 / sq.feet, with an average RM 2.05 / sq.feet price in Bandar Sunway. The properties with the most expensive average prices have 1 bedroom. They are 71 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.89 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 2,063 it is 17 % more affordable than the average price in Bandar Sunway. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Terraced House" followed by "Residential House". At a price of RM 7,345 it is 436 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Shop" at an average price of RM 1.64 / sq.feet followed by "Apartment" priced at RM 1.84 / sq.feet. "Residential House" is the most expensive type of property with a RM 3.5 / sq.feet value followed by "Link House" with an average price of RM 2.87 / sq.feet.