The rent prices in real estate in Selangor, in the Negeri 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 Selangor has risen strongly during the last 6 months. In September, the average price per sq.feet was RM 1.51. In the following month the price per sq.feet rose considerably to RM 1.78. The price for the following two months in (November, December) fell 89 % with regard to the previous two months. The price per sq.feet has had a considerable rise of 138 % 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 1.55 to RM 2.14 during January, and February.
When referring to the price in Selangor (cities), this has risen considerably in the last 6 months. The average price for September is RM 2,296. During October the price had a slight fall till RM 2,135. During the following two months (November, December) the average price had a considerable rise of 123 % 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 had a strong increase of 290 % 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 6,925 they are 84 % more affordable than the average price for Selangor . The properties with the lowest average price have 1 bedroom, Their price is 29 % more affordable than the average. After that we have properties with 4 bedrooms priced at RM 1,628.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 0.94 / sq.feet, with an average RM 2.25 / sq.feet price in Selangor. The properties with the most expensive average prices have 1 bedroom. They are 3464 % more expensive than the average followed by properties with 3 bedrooms with a price at RM 1.26 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of RM 6,925 it is 81 % more affordable than the average price in Selangor. "Bungalow" is seen as the second most affordable property type. The most expensive property type is "Semi Detached House" followed by "Apartment". At a price of RM 10,856 it is 253 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Link House" at an average price of RM 0.96 / sq.feet followed by "Bungalow" priced at RM 1.04 / sq.feet. "Apartment" is the most expensive type of property with a RM 2.86 / sq.feet value followed by "Terraced House" with an average price of RM 1.64 / sq.feet.