Property prices for rent in Relau (Penang)
The rent prices in real estate in Relau, 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 Relau has risen during the last 6 months. In October, the average price per sq.feet was RM 1.49. In the following month the price per sq.feet fell to RM 1.4. In the following two months the price per sq.feet has practically remained the same, going from RM 1.45 to RM 1.48 per sq.feet. The price per sq.feet has had a considerable rise of 121 % 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 1.46 to RM 1.76 during February, and March.
When referring to the price in Relau (cities), this has risen in the last 6 months. In our first sample month during October, the average price is RM 1,753. In November This price remains at RM 1,709. During the following two months (December, January) the average price had a considerable rise of 117 % 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 increased 113 % 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 2,107 they are 75 % more affordable than the average price for Relau . The properties with the lowest average price have 2 bedrooms, Their price is 42 % more affordable than the average. After that we have properties with 1 bedroom priced at RM 526.
According to average price per property type in Relau, "" priced at RM 1,222 is 42 % lower than the average price (RM 2,107) in this city.
