Property prices for rent in Sungai Ara (Penang)
The rent prices in real estate in Sungai Ara, in the Penang region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Sungai Ara has barely changed in the last 6 months. In October, the average price per sq.feet was RM 1.34. In November this price barely changed remaining at RM 1.31 per sq.feet. In the following two months the price per sq.feet has risen 105 %, going from RM 1.33 to RM 1.39 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 1.36 to RM 1.43 during February, and March.
When referring to the price in Sungai Ara (cities), this has risen in the last 6 months. In our first sample month during October, the average price is RM 1,595. In November This price remains at RM 1,600. During the following two months (December, January) the price has had an average rise from RM 1,597.5 to RM 1,727. Based on an analysis of the first four prices and the last two months the average price has increased 110 % 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 1,827 they are 57 % more affordable than the average price for Sungai Ara . The properties with the highest average price have 4 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 3 bedrooms priced at RM 1,754.
According to average price per property type in Sungai Ara, "" priced at RM 1,791 is 2 % lower than the average price (RM 1,827) in this city.
