The rent prices in real estate in Cheras, 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 Cheras has barely changed in the last 6 months. In March, the average price per sq.feet was RM 1.71. In the following month the price per sq.feet fell to RM 1.62. In the following two months the price per sq.feet has practically remained the same, going from RM 1.66 to RM 1.66 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 1.66 to RM 1.8 during July, and August.
When referring to the price in Cheras (cities), there have hardly been any changes in the last 6 months. The average price for March is RM 1,860. During April the price had a slight fall till RM 1,749. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,804.5 to RM 1,762.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 2,118 they are 28 % more affordable than the average price for Cheras . The properties with the lowest average price have 4 bedrooms, Their price is 13 % more affordable than the average. After that we have properties with 1 bedroom priced at RM 1,809.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.17 / sq.feet, with an average RM 1.96 / sq.feet price in Cheras. The properties with the most expensive average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.21 / sq.feet.
The graph displaying the average rent prices displays the property type "Terraced House" as the most affordable one. At an cost of RM 2,118 it is 41 % more affordable than the average price in Cheras. "Semi Detached House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Condominium". At a price of RM 3,637 it is 104 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Semi Detached House" at an average price of RM 1.65 / sq.feet followed by "Apartment" priced at RM 1.79 / sq.feet. "Terraced House" is the most expensive type of property with a RM 40.79 / sq.feet value followed by "Commercial" with an average price of RM 2.1 / sq.feet.