The rent prices in real estate in Kota Samarahan, in the Sarawak 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 Kota Samarahan has had a strong fall during the last 6 months. In November, the average price per sq.feet was RM 131.04. In the following month the price per sq.feet fell to RM 115.08. The price for the following two months in (January, February) had a considerable fall of 19 with regard to the previous two months. The price per sq.feet has had a considerable fall of 25 % 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 73.07 to RM 18.09 during March, and April.
When referring to the price in Kota Samarahan (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is RM 1,768. In December This price remains at RM 1,705. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,736.5 to RM 1,764.5. 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 1,750.5 and RM 1,755 between March and April.
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 1,752 they are 13 % more affordable than the average price for Kota Samarahan . The properties with the highest average price have 2 bedrooms, Their price is 47 % more expensive than the average. After that we have properties with 1 bedroom priced at RM 1,518.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most expensive ones at a cost of RM 317 / sq.feet, with an average RM 1.94 / sq.feet price in Kota Samarahan. The properties with the most expensive average prices have 1 bedroom. They are 52529 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 317 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most expensive one. At an cost of RM 1,752 it is 45 % more expensive than the average price in Kota Samarahan. "Apartment" is seen as the second most expensive property type. The most expensive property type is "Terraced House" followed by "Apartment". At a price of RM 2,554 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Condominium" at an average price of RM 307 / sq.feet followed by "Apartment" priced at RM 312 / sq.feet. "Terraced House" is the most expensive type of property with a RM 317 / sq.feet value followed by "Apartment" with an average price of RM 312 / sq.feet.