Property prices for rent in Sungai Nibong (Penang)
The rent prices in real estate in Sungai Nibong, 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 Nibong has fallen during the last 6 months. In October, the average price per sq.feet was RM 2.24. In November this price barely changed remaining at RM 2.19 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. The price per sq.feet has fallen 92 % 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 2.05 to RM 1.88 during February, and March.
When referring to the price in Sungai Nibong (cities), this has fallen in the last 6 months. The average price for October is RM 2,937. During November the price had a slight fall till RM 2,646. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. 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 2,698 and RM 2,634.5 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of RM 2,570 they are 28 % more affordable than the average price for Sungai Nibong . The properties with the highest average price have 1 bedroom, Their price is 135 % more expensive than the average. After that we have properties with 2 bedrooms priced at RM 3,819.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.38 / sq.feet, with an average RM 1.87 / sq.feet price in Sungai Nibong. The properties with the most expensive average prices have 2 bedrooms. They are 105 % more expensive than the average followed by properties with 1 bedroom with a price at RM 3.61 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of RM 2,570 it is 49 % more affordable than the average price in Sungai Nibong. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Semi Detached House". At a price of RM 3,950 it is 198 % 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 1.21 / sq.feet followed by "Terraced House" priced at RM 1.42 / sq.feet. "Commercial" is the most expensive type of property with a RM 2.95 / sq.feet value followed by "Condominium" with an average price of RM 2.15 / sq.feet.
