The rent prices in real estate in Manjung, in the Perak 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 Manjung has had a strong fall during the last 6 months. In November, the average price per sq.feet was RM 0.9. In December this price barely changed remaining at RM 0.9 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 36 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of RM 0.61 to RM 0.6 during March y April
When referring to the price in Manjung (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is RM 1,480. In December This price remains at RM 1,480. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,480 to RM 1,531. During the last two months the average price has fallen greatly compared to the previous four going from RM 1,505.5 to RM 833, which means a 55 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of RM 833 they are 264 % more expensive than the average price for Manjung. Following this ranking we find those properties with 2 at an average price of RM 7,616. The properties with the highest average price have 2 bedrooms, Their price is 814 % more expensive than the average. After that we have properties with 1 bedroom priced at RM 3,036.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of RM 246 / sq.feet, with an average RM 0.6 / sq.feet price in Manjung. The properties with the most expensive average prices have 2 bedrooms. They are 47567 % more expensive than the average followed by properties with 1 bedroom with a price at RM 246 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most expensive one. At an cost of RM 833 it is 9 % more expensive than the average price in Manjung. "Condominium" is seen as the second most expensive property type. The most expensive property type is "Semi Detached House" followed by "Condominium". At a price of RM 4,068 it is 814 % 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 189 / sq.feet followed by "Semi Detached House" priced at RM 286 / sq.feet. "Semi Detached House" is the most expensive type of property with a RM 286 / sq.feet value followed by "Condominium" with an average price of RM 189 / sq.feet.