The rent prices in real estate in Sibu Laut, in the Sarawak 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 Sibu Laut has risen strongly during the last 6 months. In November, the average price per sq.feet was RM 1.46. In the following month the price per sq.feet fell to RM 1.29. The price for the following two months in (January, February) had a considerable rise of 2150 %. The price per sq.feet has had a considerable rise of 370 % 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 15.47 to RM 57.24 during March, and April.
When referring to the price in Sibu Laut (cities), this has risen in the last 6 months. The rent price in November is RM 1,610, rising in December till RM 1,709. In the following two months the average price has hardly changed with regard to the previous two months from RM 1,659.5 to RM 1,705. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of RM 1,682.25 and RM 1,727.5 between March and April.
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 1,588 they are 55 % more affordable than the average price for Sibu Laut . The properties with the lowest average price have 1 bedroom, Their price is 55 % more affordable than the average. After that we have properties with 2 bedrooms priced at RM 715.
According to average price per property type in Sibu Laut, "" priced at RM 715 is 55 % lower than the average price (RM 1,588) in this city.