The rent prices in real estate in Padang Serai, in the Kedah 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 Padang Serai has had a strong fall during the last 6 months. In November, the average price per sq.feet was RM 1.24. In the following month the price per sq.feet fell considerably to RM 0.82. The price for the following two months in (January, February) fell 86 % with regard to the previous two months. The price per sq.feet has fallen 94 % 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 0.96 to RM 0.9 during March, and April.
When referring to the price in Padang Serai (cities), this has risen considerably in the last 6 months. The average price for November is RM 2,500. During December the price had a considerable fall till RM 1,720. During the following two months (January, February) the average price had a considerable fall of 78 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 281 % 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 8,938 they are 90 % more affordable than the average price for Padang Serai . The properties with the lowest average price have 1 bedroom, Their price is 90 % more affordable than the average. After that we have properties with 2 bedrooms priced at RM 924.
According to average price per property type in Padang Serai, "" priced at RM 924 is 90 % lower than the average price (RM 8,938) in this city.