The rent prices in real estate in Klcc, in the Kuala Lumpur 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 Klcc has had a strong fall during the last 6 months. In July, the average price per sq.feet was RM 5.44. In the following month the price per sq.feet fell to RM 5.14. The price for the following two months in (September, October) had a considerable fall of 77 with regard to the previous two months. The price per sq.feet has fallen 86 % 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 4.69 to RM 4.04 during November, and December.
When referring to the price in Klcc (cities), this has fallen considerably in the last 6 months. The average price for July is RM 5,064. During August the price had a considerable fall till RM 4,217. During the following two months (September, October) the average price fell 85 % 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 4,298.5 and RM 4,139.5 between November and December.
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 4,194 they are 31 % more affordable than the average price for Klcc . The properties with the highest average price have 4 bedrooms, Their price is 108 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 4,708.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 3.18 / sq.feet, with an average RM 4.13 / sq.feet price in Klcc. 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 3.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of RM 4,194 it is 21 % more affordable than the average price in Klcc. "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 15,076 it is 281 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Bungalow" at an average price of RM 3 / sq.feet followed by "Office" priced at RM 3.55 / sq.feet. "Shop" is the most expensive type of property with a RM 6 / sq.feet value followed by "Apartment" with an average price of RM 5.94 / sq.feet.