The rent prices in real estate in Petaling, in the Selangor 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 Petaling has risen strongly during the last 6 months. In September, the average price per sq.feet was RM 13.47. In the following month the price per sq.feet rose considerably to RM 20.65. In the following two months the price per sq.feet has risen 112 %, going from RM 17.06 to RM 19.14 per sq.feet. 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 18.1 to RM 18 during January y February
When referring to the price in Petaling (cities), this has risen in the last 6 months. The rent price in September is RM 3,169, rising in October till RM 3,387. During the following two months (November, December) the average price had a considerable rise of 151 % 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 4,113 to RM 2,246.5, which means a 55 % fall.
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 2,870 they are 41 % more affordable than the average price for Petaling . The properties with the lowest average price have 1 bedroom, Their price is 31 % more affordable than the average. After that we have properties with 4 bedrooms priced at RM 1,897.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 3.2 / sq.feet, with an average RM 14.48 / sq.feet price in Petaling. The properties with the most affordable average prices have 1 bedroom. They are 42 % more affordable than the average followed by properties with 3 bedrooms with a price at RM 3.86 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of RM 2,870 it is 60 % more affordable than the average price in Petaling. "Residential House" is seen as the second most affordable property type. The most expensive property type is "Link House" followed by "Apartment". At a price of RM 3,754 it is 243 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of RM 0.93 / sq.feet followed by "Serviced Residence" priced at RM 3.05 / sq.feet. "House" is the most expensive type of property with a RM 34.47 / sq.feet value followed by "Apartment" with an average price of RM 26.15 / sq.feet.