Property prices for rent in Teluk Kumbar (Penang)
The rent prices in real estate in Teluk Kumbar, 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 Teluk Kumbar has fallen during the last 6 months. In October, the average price per sq.feet was RM 1.18. In the following month the price per sq.feet fell to RM 1.11. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per sq.feet has risen 111 % 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 1.07 to RM 1.18 during February, and March.
When referring to the price in Teluk Kumbar (cities), this has risen in the last 6 months. In our first sample month during October, the average price is RM 1,829. In November This price remains at RM 1,904. During the following two months (December, January) the price has had an average rise from RM 1,866.5 to RM 2,018. 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 1,942.25 and RM 2,001.5 between February and March.
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 1,978 they are 32 % more affordable than the average price for Teluk Kumbar . The properties with the lowest average price have 1 bedroom, Their price is 31 % more affordable than the average. After that we have properties with 2 bedrooms priced at RM 1,349.
According to average price per property type in Teluk Kumbar, "" priced at RM 1,349 is 32 % lower than the average price (RM 1,978) in this city.
