The rent prices in real estate in Cheras, 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 Cheras has risen during the last 6 months. In February, the average price per sq.feet was RM 1.52. In March this price barely changed remaining at RM 1.54 per sq.feet. The price for the following two months in (April, May) had a considerable rise of 123 %. 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 1.71 to RM 1.71 during June y July
When referring to the price in Cheras (cities), this has risen considerably in the last 6 months. The rent price in February is RM 1,293, rising in March till RM 1,484. During the following two months (April, May) the average price had a considerable rise of 148 % 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 120 % 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 2,103 they are 30 % more affordable than the average price for Cheras . 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 1 bedroom priced at RM 1,833.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.11 / sq.feet, with an average RM 1.75 / sq.feet price in Cheras. The properties with the most expensive average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 2,103 it is 37 % more affordable than the average price in Cheras. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Shop" followed by "House". At a price of RM 3,330 it is 99 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Bungalow" at an average price of RM 1 / sq.feet followed by "Condominium" priced at RM 1.56 / sq.feet. "House" is the most expensive type of property with a RM 2.22 / sq.feet value followed by "Shop" with an average price of RM 2 / sq.feet.