Property prices for rent in Bukit Tengah (Penang)
The rent prices in real estate in Bukit Tengah, 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 Bukit Tengah has risen during the last 6 months. In October, the average price per sq.feet was RM 0.97. In the following month the price per sq.feet rose to RM 1.09. The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per sq.feet has risen 110 % 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 0.99 to RM 1.09 during February, and March.
When referring to the price in Bukit Tengah (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is RM 1,717. During November the price went through a considerable rise reaching RM 2,344. In the following two months the average price has hardly changed with regard to the previous two months from RM 2,030.5 to RM 2,000. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 296 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of RM 9,842 they are 45 % more affordable than the average price for Bukit Tengah . The properties with the lowest average price have 1 bedroom, Their price is 45 % more affordable than the average. After that we have properties with 2 bedrooms priced at RM 5,393.
According to average price per property type in Bukit Tengah, "" priced at RM 5,393 is 45 % lower than the average price (RM 9,842) in this city.
