Property prices for rent in Tanjong Tokong (Penang)
The rent prices in real estate in Tanjong Tokong, 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 Tanjong Tokong has barely changed in the last 6 months. In November, the average price per sq.feet was RM 2.17. In December this price barely changed remaining at RM 2.25 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from RM 2.21 to RM 2.15 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of RM 2.18 to RM 2.15 during March y April
When referring to the price in Tanjong Tokong (cities), there have hardly been any changes in the last 6 months. The rent price in November is RM 2,399, rising in December till RM 2,641. In the following two months the average price has hardly changed with regard to the previous two months from RM 2,520 to RM 2,468.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from RM 2,494.25 to RM 2,363 in March and April.
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 2,368 they are 9 % more affordable than the average price for Tanjong Tokong . The properties with the highest average price have 2 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 1 bedroom priced at RM 3,676.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of RM 1.71 / sq.feet, with an average RM 2.14 / sq.feet price in Tanjong Tokong. The properties with the most expensive average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 2 bedrooms with a price at RM 2.91 / sq.feet.
The graph displaying the average rent prices displays the property type "Terraced House" as the most affordable one. At an cost of RM 2,368 it is 27 % more affordable than the average price in Tanjong Tokong. "Condominium" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Serviced Residence". At a price of RM 3,743 it is 75 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Serviced Residence" at an average price of RM 1.46 / sq.feet followed by "Terraced House" priced at RM 1.62 / sq.feet. "Apartment" is the most expensive type of property with a RM 3.43 / sq.feet value followed by "Condominium" with an average price of RM 2.1 / sq.feet.
