Property prices for rent in Nilai (Negeri Sembilan)
The rent prices in real estate in Nilai, in the Negeri Sembilan 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 Nilai has risen strongly during the last 6 months. In October, the average price per sq.feet was RM 1.35. In the following month the price per sq.feet rose to RM 1.47. In the following two months the price per sq.feet has risen 111 %, going from RM 1.41 to RM 1.57 per sq.feet. The price per sq.feet has risen 109 % 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 1.49 to RM 1.62 during February, and March.
When referring to the price in Nilai (cities), this has risen considerably in the last 6 months. The average price for October is RM 1,657. During November the price had a slight fall till RM 1,458. During the following two months (December, January) the average price had a considerable rise of 170 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from RM 2,104.25 to RM 1,395, which means a 66 % fall.
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 1,431 they are 35 % more affordable than the average price for Nilai . The properties with the highest average price have 4 bedrooms, Their price is 17 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 1,488.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 0.92 / sq.feet, with an average RM 1.71 / sq.feet price in Nilai. The properties with the most expensive average prices have 1 bedroom. They are 67 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.03 / sq.feet.
The graph displaying the average rent prices displays the property type "Terraced House" as the most affordable one. At an cost of RM 1,431 it is 14 % more affordable than the average price in Nilai. "Apartment" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condominium". At a price of RM 2,650 it is 1503 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Warehouse" at an average price of RM 0.91 / sq.feet followed by "Condominium" priced at RM 1.43 / sq.feet. "Commercial" is the most expensive type of property with a RM 2.08 / sq.feet value followed by "Terraced House" with an average price of RM 1.92 / sq.feet.
