Property prices for rent in Batu Kawan (Penang)
The rent prices in real estate in Batu Kawan, in the Penang region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Batu Kawan has risen during 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 1.7 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 119 %. The price per sq.feet has fallen 92 % 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 1.83 to RM 1.67 during February, and March.
When referring to the price in Batu Kawan (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is RM 1,986. In November This price remains at RM 1,947. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. 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 1,892.75 and RM 1,951 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 1,993 they are 34 % more affordable than the average price for Batu Kawan . 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 3 bedrooms priced at RM 1,827.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.4 / sq.feet, with an average RM 1.67 / sq.feet price in Batu Kawan. The properties with the most expensive average prices have 1 bedroom. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,993 it is 18 % more affordable than the average price in Batu Kawan. "Terraced House" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Serviced Residence". At a price of RM 2,615 it is 1317 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Serviced Residence" at an average price of RM 1.22 / sq.feet followed by "Warehouse" priced at RM 1.27 / sq.feet. "House" is the most expensive type of property with a RM 2.44 / sq.feet value followed by "Terraced House" with an average price of RM 1.95 / sq.feet.
