Property prices for rent in Gelugor (Penang)

The rent prices in real estate in Gelugor, in the Penang region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.

RM 2,646.67
Average price last 6 months
RM 2.03
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Gelugor has barely changed in the last 6 months. In September, the average price per sq.feet was RM 2.11. In the following month the price per sq.feet fell to RM 1.98. In the following two months the price per sq.feet has practically remained the same, going from RM 2.05 to RM 2.02 per sq.feet. 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 2.03 to RM 2.05 during January y February

Average price

When referring to the price in Gelugor (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is RM 2,671. In October This price remains at RM 2,684. In the following two months the average price has hardly changed with regard to the previous two months from RM 2,677.5 to RM 2,734. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from RM 2,705.75 to RM 2,528.5 in January and February.

Average price per bedrooms

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 2,563 they are 16 % more affordable than the average price for Gelugor . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 2,452.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.99 / sq.feet, with an average RM 2.08 / sq.feet price in Gelugor. The properties with the most expensive average prices have 1 bedroom. They are 91 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 3 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 2,563 it is 36 % more affordable than the average price in Gelugor. "Bungalow" is seen as the second most affordable property type. The most expensive property type is "Semi Detached House" followed by "House". At a price of RM 3,325 it is 58 % 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 1.12 / sq.feet followed by "House" priced at RM 1.26 / sq.feet. "Link House" is the most expensive type of property with a RM 2.58 / sq.feet value followed by "Condominium" with an average price of RM 2.17 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Gelugor
Number of properties used in region Penang
RM 2,563
RM 2.08
7,078
81,082
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value