Property prices for rent in Batu Ferringhi (Penang)
The rent prices in real estate in Batu Ferringhi, in the Penang region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Batu Ferringhi has barely changed in the last 6 months. In October, the average price per sq.feet was RM 1.64. In November this price barely changed remaining at RM 1.62 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 1.63 to RM 1.55 per sq.feet. The price per sq.feet has risen 106 % 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 1.59 to RM 1.68 during February, and March.
When referring to the price in Batu Ferringhi (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is RM 2,218. In November This price remains at RM 2,163. In the following two months the average price has hardly changed with regard to the previous two months from RM 2,190.5 to RM 2,234.5. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 2,587 they are 56 % more affordable than the average price for Batu Ferringhi . The properties with the highest average price have 4 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 2,064.
According to average price per property type in Batu Ferringhi, "" priced at RM 2,315 is 11 % lower than the average price (RM 2,587) in this city.
