Property prices for rent in Batu Maung (Penang)
The rent prices in real estate in Batu Maung, 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 Maung has barely changed in the last 6 months. In October, the average price per sq.feet was RM 1.23. In November this price barely changed remaining at RM 1.18 per sq.feet. The price for the following two months in (December, January) fell 95 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 117 % 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 1.17 to RM 1.38 during February, and March.
When referring to the price in Batu Maung (cities), this has risen in the last 6 months. In our first sample month during October, the average price is RM 2,474. In November This price remains at RM 2,547. In the following two months the average price has hardly changed with regard to the previous two months from RM 2,510.5 to RM 2,602.5. Based on an analysis of the first four prices and the last two months the average price has increased 105 % 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 2,665 they are 58 % more affordable than the average price for Batu Maung . The properties with the lowest average price have 2 bedrooms, Their price is 2 % more affordable than the average. After that we have properties with 4 bedrooms priced at RM 2,318.
According to average price per property type in Batu Maung, "" priced at RM 2,460 is 8 % lower than the average price (RM 2,665) in this city.
