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 January, the average price per sq.feet was RM 1.47. In February this price barely changed remaining at RM 1.46 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from RM 1.47 to RM 1.57 per sq.feet. The price per sq.feet has risen 109 % 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 1.52 to RM 1.65 during May, and June.
When referring to the price in Cheras (cities), this has risen in the last 6 months. In our first sample month during January, the average price is RM 1,583. In February This price remains at RM 1,555. During the following two months (March, April) the price has had an average rise from RM 1,569 to RM 1,700. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % 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 1,906 they are 20 % more affordable than the average price for Cheras . The properties with the lowest average price have 4 bedrooms, Their price is 8 % more affordable than the average. After that we have properties with 1 bedroom priced at RM 1,718.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.15 / sq.feet, with an average RM 1.61 / sq.feet price in Cheras. The properties with the most expensive average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.04 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of RM 1,906 it is 36 % more affordable than the average price in Cheras. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Link House" followed by "Bungalow". At a price of RM 2,356 it is 108 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of RM 0.83 / sq.feet followed by "Semi Detached House" priced at RM 0.92 / sq.feet. "Bungalow" is the most expensive type of property with a RM 2.26 / sq.feet value followed by "Link House" with an average price of RM 2.13 / sq.feet.