The rent prices in real estate in Kl City, in the Kuala Lumpur region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Kl City has barely changed in the last 6 months. In October, the average price per sq.feet was RM 3.56. In November this price barely changed remaining at RM 3.68 per sq.feet. In the following two months the price per sq.feet has risen 108 %, going from RM 3.62 to RM 3.9 per sq.feet. The price per sq.feet has fallen 93 % 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 3.76 to RM 3.49 during February, and March.
When referring to the price in Kl City (cities), this has risen in the last 6 months. The rent price in October is RM 5,374, rising in November till RM 5,897. During the following two months (December, January) the average price had a considerable rise of 116 % 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 6,086.5 and RM 5,783 between February and March.
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 5,281 they are 59 % more affordable than the average price for Kl City . The properties with the highest average price have 4 bedrooms, Their price is 28 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 3,304.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of RM 2.32 / sq.feet, with an average RM 3.36 / sq.feet price in Kl City. The properties with the most expensive average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 3.16 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of RM 5,281 it is 57 % more affordable than the average price in Kl City. "Serviced Residence" is seen as the second most affordable property type. The most expensive property type is "Bungalow" followed by "Apartment". At a price of RM 14,856 it is 237 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Serviced Residence" at an average price of RM 2.5 / sq.feet followed by "Condominium" priced at RM 2.7 / sq.feet. "Bungalow" is the most expensive type of property with a RM 7.92 / sq.feet value followed by "Apartment" with an average price of RM 5.24 / sq.feet.