Property prices for rent in Brickfields (Kuala Lumpur)
The rent prices in real estate in Brickfields, in the Kuala Lumpur 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 Brickfields has risen during the last 6 months. In October, the average price per sq.feet was RM 2.45. In the following month the price per sq.feet rose to RM 2.71. In the following two months the price per sq.feet has practically remained the same, going from RM 2.58 to RM 2.54 per sq.feet. The price per sq.feet has risen 107 % 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 2.56 to RM 2.72 during February, and March.
When referring to the price in Brickfields (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is RM 2,313. During November the price went through a considerable rise reaching RM 2,971. During the following two months (December, January) the average price fell 93 % 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 had a strong increase of 130 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of RM 3,280 they are 23 % more affordable than the average price for Brickfields . The properties with the highest average price have 1 bedroom, Their price is 161 % more expensive than the average. After that we have properties with 4 bedrooms priced at RM 2,829.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.84 / sq.feet, with an average RM 2.77 / sq.feet price in Brickfields. The properties with the most expensive average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.77 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 3,280 it is 40 % more affordable than the average price in Brickfields. "Serviced Residence" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of RM 20,875 it is 1407 % 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 2.44 / sq.feet followed by "Apartment" priced at RM 2.79 / sq.feet. "Commercial" is the most expensive type of property with a RM 5.01 / sq.feet value followed by "Office" with an average price of RM 4 / sq.feet.
