Property prices for rent in Seberang Perai (Penang)
The rent prices in real estate in Seberang 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 Seberang Perai has risen during the last 6 months. In October, the average price per sq.feet was RM 1.3. In November this price barely changed remaining at RM 1.33 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 1.32 to RM 1.37 per sq.feet. The price per sq.feet has risen 105 % 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 1.34 to RM 1.41 during February, and March.
When referring to the price in Seberang Perai (cities), this has risen in the last 6 months. In our first sample month during October, the average price is RM 1,417. In November This price remains at RM 1,467. During the following two months (December, January) the price has had an average rise from RM 1,442 to RM 1,579. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.
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 1,600 they are 22 % more affordable than the average price for Seberang Perai . The properties with the highest average price have 1 bedroom, Their price is 62 % more expensive than the average. After that we have properties with 4 bedrooms priced at RM 1,486.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.21 / sq.feet, with an average RM 1.4 / sq.feet price in Seberang Perai. The properties with the most expensive average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 1.45 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of RM 1,600 it is 44 % more affordable than the average price in Seberang Perai. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Warehouse" followed by "". At a price of RM 18,285 it is 1673 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Terraced House" at an average price of RM 0.71 / sq.feet followed by "Apartment" priced at RM 1.13 / sq.feet. "Warehouse" is the most expensive type of property with a RM 2.08 / sq.feet value followed by "Commercial" with an average price of RM 1.74 / sq.feet.
