The rent prices in real estate in Bandar Utama, 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 Utama has had a strong fall during the last 6 months. In August, the average price per sq.feet was RM 2.19. In the following month the price per sq.feet fell to RM 1.93. The price for the following two months in (October, November) had a considerable fall of 83 with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % 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 1.89 to RM 1.55 during December, and January.
When referring to the price in Bandar Utama (cities), this has fallen considerably in the last 6 months. The average price for August is RM 4,173. During September the price had a considerable fall till RM 3,395. During the following two months (October, November) the average price had a considerable fall of 81 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from RM 3,420.5 to RM 2,389, which means a 70 % fall.
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 2,358 they are 33 % more affordable than the average price for Bandar Utama . The properties with the highest average price have 4 bedrooms, Their price is 24 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 1,846.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.39 / sq.feet, with an average RM 1.49 / sq.feet price in Bandar Utama. The properties with the most expensive average prices have 1 bedroom. They are 114 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1.95 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 2,358 it is 26 % more affordable than the average price in Bandar Utama. "Link House" is seen as the second most affordable property type. The most expensive property type is "Terraced House" followed by "". At a price of RM 2,872 it is 645 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condominium" at an average price of RM 1.11 / sq.feet followed by "Apartment" priced at RM 1.64 / sq.feet. "Terraced House" is the most expensive type of property with a RM 5.34 / sq.feet value followed by "Link House" with an average price of RM 1.68 / sq.feet.