Property prices for rent in Jawi (Penang)
The rent prices in real estate in Jawi, in the Penang region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Jawi has had a strong fall during the last 6 months. In October, the average price per sq.feet was RM 1. In November this price barely changed remaining at RM 0.96 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 0.98 to RM 0.95 per sq.feet. The price per sq.feet has had a considerable fall of 0 % 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 0.97 to during February, and March.
When referring to the price in Jawi (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is RM 2,644. During November the price went through a considerable rise reaching RM 9,500. During the following two months (December, January) the average price had a considerable rise of 148 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from RM 7,542.25 to RM 2,547, which means a 34 % fall.
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 2,486 they are 34 % more affordable than the average price for Jawi . The properties with the lowest average price have 2 bedrooms, Their price is 17 % more affordable than the average. After that we have properties with 1 bedroom priced at RM 1,652.
According to average price per property type in Jawi, "" priced at RM 2,073 is 17 % lower than the average price (RM 2,486) in this city.
