The rent prices in real estate in Sepang, in the 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 Sepang has risen strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to RM 1.94. The price for the following two months in (May, June) had a considerable rise of 189 %. The price per sq.feet has had a considerable rise of 128 % 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 1.4 to RM 1.79 during July, and August.
When referring to the price in Sepang (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching RM 1,695. During the following two months (May, June) the average price had a considerable rise of 227 % 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 161 % 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 2,250 they are 35 % more affordable than the average price for Sepang . The properties with the highest average price have 4 bedrooms, Their price is 6 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 1,990.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.22 / sq.feet, with an average RM 1.7 / sq.feet price in Sepang. The properties with the most expensive average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.07 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most affordable one. At an cost of RM 2,250 it is 31 % more affordable than the average price in Sepang. "Terraced House" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Bungalow". At a price of RM 3,090 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Semi Detached House" at an average price of RM 1.01 / sq.feet followed by "Condominium" priced at RM 1.25 / sq.feet. "Apartment" is the most expensive type of property with a RM 2.34 / sq.feet value followed by "Residential House" with an average price of RM 1.91 / sq.feet.