Property prices for rent in Prai (Penang)
The rent prices in real estate in Prai, in the Penang region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Prai has barely changed in the last 6 months. In October, the average price per sq.feet was RM 1.89. In November this price barely changed remaining at RM 1.96 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 1.92 to RM 1.95 per sq.feet. The price per sq.feet has fallen 88 % 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 1.94 to RM 1.7 during February, and March.
When referring to the price in Prai (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is RM 5,303. During November the price went through a considerable rise reaching RM 9,555. During the following two months (December, January) the average price had a considerable rise of 325 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of RM 15,786 and RM 15,035 between February and March.
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 14,989 they are 91 % more affordable than the average price for Prai . The properties with the lowest average price have 2 bedrooms, Their price is 86 % more affordable than the average. After that we have properties with 1 bedroom priced at RM 1,380.
According to average price per property type in Prai, "" priced at RM 2,092 is 86 % lower than the average price (RM 14,989) in this city.
