The rent prices in real estate in Puchong, in the Selangor 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 Puchong has risen during the last 6 months. In October, the average price per sq.feet was RM 1.35. In November this price barely changed remaining at RM 1.35 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 128 %. The price per sq.feet has fallen 93 % 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 1.54 to RM 1.42 during February, and March.
When referring to the price in Puchong (cities), this has risen considerably in the last 6 months. In our first sample month during October, the average price is RM 1,601. In November This price remains at RM 1,527. During the following two months (December, January) the average price had a considerable rise of 179 % 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 2,184.25 to RM 1,553.5, which means a 71 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of RM 1,555 they are 11 % more affordable than the average price for Puchong . The properties with the highest average price have 4 bedrooms, Their price is 43 % more expensive than the average. After that we have properties with 1 bedroom priced at RM 1,830.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of RM 1.33 / sq.feet, with an average RM 1.44 / sq.feet price in Puchong. The properties with the most expensive average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1.8 / sq.feet.
The graph displaying the average rent prices displays the property type "Warehouse" as the most affordable one. At an cost of RM 1,555 it is 12 % more affordable than the average price in Puchong. "House" is seen as the second most affordable property type. The most expensive property type is "Terraced House" followed by "Condominium". At a price of RM 4,862 it is 1103 % 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 1.15 / sq.feet followed by "House" priced at RM 1.48 / sq.feet. "Condominium" is the most expensive type of property with a RM 2.57 / sq.feet value followed by "Terraced House" with an average price of RM 2.24 / sq.feet.