The rent prices in real estate in Likas, in the Sabah region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Likas has risen strongly during the last 6 months. In October, the average price per sq.feet was RM 1.59. In the following month the price per sq.feet rose to RM 1.69. In the following two months the price per sq.feet has risen 113 %, going from RM 1.64 to RM 1.86 per sq.feet. The price per sq.feet has risen 113 % 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 1.75 to RM 1.98 during February, and March.
When referring to the price in Likas (cities), this has risen in the last 6 months. The average price for October is RM 2,667. During November the price had a slight fall till RM 2,427. During the following two months (December, January) the price has had an average rise from RM 2,547 to RM 2,829. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of RM 2,900 they are 38 % more affordable than the average price for Likas . The properties with the lowest average price have 4 bedrooms, Their price is 4 % more affordable than the average. After that we have properties with 3 bedrooms priced at RM 2,082.
According to average price per property type in Likas, "" priced at RM 2,028 is 30 % lower than the average price (RM 2,900) in this city.