The rent prices in real estate in Cyberjaya, in the Selangor region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Cyberjaya has risen strongly during the last 6 months. In November, the average price per sq.feet was RM 1.93. In the following month the price per sq.feet rose considerably to RM 3.86. In the following two months the price per sq.feet has practically remained the same, going from RM 2.89 to RM 2.82 per sq.feet. The price per sq.feet has had a considerable fall of 76 % 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 2.86 to RM 2.17 during March, and April.
When referring to the price in Cyberjaya (cities), this has fallen considerably in the last 6 months. The average price for November is RM 1,988. During December the price had a slight fall till RM 1,829. During the following two months (January, February) the average price had a considerable fall of 76 % with regard to the previous two months. 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 1,680.25 and RM 1,637 between March and April.
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 1,676 they are 25 % more affordable than the average price for Cyberjaya . The properties with the highest average price have 4 bedrooms, Their price is 77 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 1,800.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.16 / sq.feet, with an average RM 2.08 / sq.feet price in Cyberjaya. The properties with the most expensive average prices have 1 bedroom. They are 48 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.17 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,676 it is 17 % more affordable than the average price in Cyberjaya. "Semi Detached House" is seen as the second most affordable property type. The most expensive property type is "Bungalow" followed by "Apartment". At a price of RM 3,363 it is 875 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Link House" at an average price of RM 1.04 / sq.feet followed by "Condominium" priced at RM 2.04 / sq.feet. "Bungalow" is the most expensive type of property with a RM 3.04 / sq.feet value followed by "Apartment" with an average price of RM 2.32 / sq.feet.