Property prices for rent in Perai (Penang)
The rent prices in real estate in Perai, in the Penang region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Perai has risen during the last 6 months. In October, the average price per sq.feet was RM 1.48. In November this price barely changed remaining at RM 1.48 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 1.48 to RM 1.5 per sq.feet. The price per sq.feet has risen 112 % 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 1.67 during February, and March.
When referring to the price in Perai (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is RM 1,704. In November This price remains at RM 1,674. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,689 to RM 1,695. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.
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 1,868 they are 18 % more affordable than the average price for Perai . The properties with the highest average price have 2 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 1,620.
With regard to the average prices per sq.feet those properties with 1 bedroom are 81 % more expensive than the average price of (RM 3 / sq.feet) in Perai. Properties with the most expensive price when referring to the number of bedrooms / sq.feet are those with 1 bedroom. They are 81 % more expensive than the average value aforementioned.
According to average price per property type in Perai, "" priced at RM 34,114 is 1726 % more expensive than the average price (RM 1,868) in this city.
