Property prices for rent in Bukit Bintang (Kuala Lumpur)
The rent prices in real estate in Bukit Bintang, in the Kuala Lumpur 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 Bukit Bintang has barely changed in the last 6 months. In October, the average price per sq.feet was RM 4.53. In November this price barely changed remaining at RM 4.63 per sq.feet. The price for the following two months in (December, January) fell 93 % with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of RM 4.42 to RM 4.51 during February y March
When referring to the price in Bukit Bintang (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is RM 4,887. In November This price remains at RM 5,094. During the following two months (December, January) the average price had a considerable rise of 166 % 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 6,648.25 and RM 6,631.5 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 7,319 they are 65 % more affordable than the average price for Bukit Bintang . The properties with the lowest average price have 4 bedrooms, Their price is 3 % more affordable than the average. After that we have properties with 3 bedrooms priced at RM 4,661.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of RM 2.86 / sq.feet, with an average RM 4.82 / sq.feet price in Bukit Bintang. The properties with the most affordable average prices have 1 bedroom. They are 16 % more affordable than the average followed by properties with 2 bedrooms with a price at RM 3.63 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of RM 7,319 it is 87 % more affordable than the average price in Bukit Bintang. "Serviced Residence" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Shop". At a price of RM 23,686 it is 249 % 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 3.49 / sq.feet followed by "Serviced Residence" priced at RM 4.31 / sq.feet. "Commercial" is the most expensive type of property with a RM 7.3 / sq.feet value followed by "Shop" with an average price of RM 7 / sq.feet.
