The rent prices in real estate in Tasek Gelugor, in the Penang 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 Tasek Gelugor has risen strongly during the last 6 months. In November, the average price per sq.feet was RM 1.09. In December this price barely changed remaining at RM 1.14 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 126 %. 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 1.26 to RM 1.2 during March y April
When referring to the price in Tasek Gelugor (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is RM 9,400. In December This price remains at RM 9,133. During the following two months (January, February) the average price had a considerable fall of 22 % 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 160 % 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 55 % more affordable than the average price of RM 5,247 in Tasek Gelugor. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 55 % more affordable than the average aforementioned.
According to average price per property type in Tasek Gelugor, "" priced at RM 5,247 is 55 % lower than the average price (RM 11,569) in this city.