The average rent price in the Negeri Selangor region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Negeri Selangor has fallen considerably in the last 6 months. During January, the average price per sq.feet was RM 2.8. In February the price barely changed remaining at RM 2.68 per sq.feet. The following two months (March, April) went through a considerable fall of 55 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 63 %. This has been obtained by comparing the price of RM 2.12 for the first four months of the sample with regard to the previous 4 months and the price of RM 1.34 per sq.feet for the last two months (May, June).
When referring to the price in Negeri Selangor(region), this has risen considerably in the last 6 months. January has an average price of RM 1,872. During Februarythe price had a strong fall till RM 1,581. The price in the following months (March, April) had a strong rise of 130 % going from RM 1,726.5 to RM 2,240.5. During the last two months the price has had a considerable rise of 208 % with respect to the previous four months going from RM 1,983.5 a RM 4,131.5.
The graph displaying the the average rent price per number of bedrooms shows that those with 3 bedrooms are the most affordable ones. They are 72 % cheaper than the average price in Negeri Selangor followed by those with 2 with an average price of RM 1,486. The most affordable properties have 1 bedroom. They are 30 % cheaper than the average followed by those properties with 4 bedrooms priced at RM 1,531.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of RM 0.86 / sq.feet being RM 1.35 / sq.feet the average for Negeri Selangor. The properties with the highest average price are those with 1 bedroom. These are 245 % more expensive than the average followed by those with 2 bedrooms with a price of RM 1.84 / sq.feet.
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of RM 4,069 it is 67 % cheaper than the average in Negeri Selangor. This is followed by "" with a cost of RM 1,359. The most expensive property type is "Warehouse" and is 267 % more costly than the average, followed by "Semi Detached House" with a cost of RM 12,886.
Based upon the average cost per sq.feet the most affordable property type is "Semi Detached House with a an average price of RM 1 / sq.feet, followed by "Warehouse" with a price of RM 1.21 / sq.feet. "Commercial" with an average price of RM 1.58 / sq.feet is the most expensive type of property followed by "Apartment" at a price of RM 1.49 / sq.feet.