Property prices for rent in Greenlane (Penang)
The rent prices in real estate in Greenlane, in the Penang 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 Greenlane has risen during the last 6 months. In October, the average price per sq.feet was RM 1.22. In November this price barely changed remaining at RM 1.22 per sq.feet. In the following two months the price per sq.feet has risen 110 %, going from RM 1.22 to RM 1.35 per sq.feet. The price per sq.feet has risen 107 % 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 1.28 to RM 1.38 during February, and March.
When referring to the price in Greenlane (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is RM 2,610. In November This price remains at RM 2,534. In the following two months the average price has hardly changed with regard to the previous two months from RM 2,572 to RM 2,691.5. 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 2,631.75 and RM 2,666.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most expensive ones. At a price of RM 2,585 they are 40 % more expensive than the average price for Greenlane. Following this ranking we find those properties with 1 at an average price of RM 4,027. The properties with the highest average price have 1 bedroom, Their price is 56 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 3,613.
According to average price per property type in Greenlane, "" priced at RM 3,613 is 40 % more expensive than the average price (RM 2,585) in this city.
