Property prices for rent in Bukit Mertajam (Penang)
The rent prices in real estate in Bukit Mertajam, in the Penang region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Bukit Mertajam has fallen during the last 6 months. In October, the average price per sq.feet was RM 1.48. In the following month the price per sq.feet fell to RM 1.38. The price for the following two months in (December, January) fell 94 % 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 1.39 to RM 1.43 during February y March
When referring to the price in Bukit Mertajam (cities), this has risen in the last 6 months. In our first sample month during October, the average price is RM 1,801. In November This price remains at RM 1,861. During the following two months (December, January) the price has had an average rise from RM 1,831 to RM 1,992. 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 1,911.5 and RM 1,840 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 1,811 they are 48 % more affordable than the average price for Bukit Mertajam . The properties with the highest average price have 4 bedrooms, Their price is 3 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 1,776.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.07 / sq.feet, with an average RM 1.45 / sq.feet price in Bukit Mertajam. The properties with the most expensive average prices have 2 bedrooms. They are 34 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 1.49 / sq.feet.
The graph displaying the average rent prices displays the property type "Semi Detached House" as the most affordable one. At an cost of RM 1,811 it is 12 % more affordable than the average price in Bukit Mertajam. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Link House". At a price of RM 6,113 it is 1024 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of RM 0.79 / sq.feet followed by "Condominium" priced at RM 1.11 / sq.feet. "Link House" is the most expensive type of property with a RM 1.77 / sq.feet value followed by "Apartment" with an average price of RM 1.74 / sq.feet.
