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 April, the average price per sq.feet was RM 1.84. In the following month the price per sq.feet rose to RM 1.98. The price for the following two months in (June, July) had a considerable rise of 117 %. The price per sq.feet has risen 108 % 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 2.08 to RM 2.23 during August, and September.
When referring to the price in Cyberjaya (cities), this has risen in the last 6 months. The average price during our first sample month during April, is RM 1,546. During May the price went through a considerable rise reaching RM 1,816. During the following two months (June, July) the average price fell 94 % 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 increased 107 % during the last two months.
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 1,667 they are 30 % more affordable than the average price for Cyberjaya . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 1,433.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.27 / sq.feet, with an average RM 2.31 / sq.feet price in Cyberjaya. The properties with the most expensive average prices have 1 bedroom. They are 0 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1.83 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of RM 1,667 it is 48 % more affordable than the average price in Cyberjaya. "Terraced House" is seen as the second most affordable property type. The most expensive property type is "Vacant Land" followed by "Semi Detached House". At a price of RM 3,769 it is 1194 % 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 1.63 / sq.feet followed by "Vacant Land" priced at RM 1.78 / sq.feet. "Condominium" is the most expensive type of property with a RM 9.78 / sq.feet value followed by "Bungalow" with an average price of RM 2.04 / sq.feet.