Property prices for rent in Sungai Bakap (Penang)
The rent prices in real estate in Sungai Bakap, in the Penang region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Sungai Bakap has fallen during the last 6 months. In October, the average price per sq.feet was RM 0.98. In November this price barely changed remaining at RM 1.02 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per sq.feet has risen 106 % 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 0.92 to RM 0.98 during February, and March.
When referring to the price in Sungai Bakap (cities), this has risen considerably in the last 6 months. The average price for October is RM 2,883. During November the price had a slight fall till RM 2,538. During the following two months (December, January) the average price had a considerable fall of 68 % 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 267 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 81 % more affordable than the average price of RM 1,889 in Sungai Bakap. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 81 % more affordable than the average aforementioned.
According to average price per property type in Sungai Bakap, "" priced at RM 1,889 is 81 % lower than the average price (RM 10,175) in this city.
