The average rent price in the Negeri Selangor region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Negeri Selangor has risen considerably in the last 6 months. During August, the average price per sq.feet was RM 1.37. The following month (September) the price had a considerable rise reaching RM 1.58 per sq.feet. The price per sq.feet for the following two months barely changed going from RM 1.48 to RM 1.49 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 139 %. This has been obtained by comparing the price of RM 1.48 for the first four months of the sample with regard to the previous 4 months and the price of RM 2.06 per sq.feet for the last two months (December, January).
When referring to the price in Negeri Selangor (region), this has fallen in the last 6 months. August has an average price of RM 3,206. During Septemberthe price had a strong fall till RM 2,512. The average price for the following two months (October, November) rose from RM 2,859 to RM 3,280.5. During the last two months the price has gone down 94 % compared to the previous average values going from RM 3,069.75 a RM 2,873 in December y January.
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 39 % cheaper than the average price in Negeri Selangor followed by those with 4 with an average price of RM 1,578. The most expensive properties have 1 bedroom. They are 114 % more expensive than the average followed by those properties with 2 bedrooms priced at RM 1,665.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of RM 0.96 / sq.feet being RM 2.8 / sq.feet the average for Negeri Selangor. The properties with the lowest average price are those with 1 bedroom. These are 18 % more affordable than the average followed by those with 2 bedrooms with a price of RM 1.9 / sq.feet.
The graph displaying the average rent price according to the property type shows "Bungalow" as the most affordable one. With an average cost of RM 1,872 it is 42 % cheaper than the average in Negeri Selangor. This is followed by "Terraced House" with a cost of RM 1,351. The most expensive property type is "Semi Detached House" and is 722 % more costly than the average, followed by "Condominium" with a cost of RM 14,425.
Based upon the average cost per sq.feet the most affordable property type is "Bungalow with a an average price of RM 0.79 / sq.feet, followed by "Condominium" with a price of RM 1.23 / sq.feet. "Apartment" with an average price of RM 1.52 / sq.feet is the most affordable type of property followed by "Terraced House" at a price of RM 1.44 / sq.feet.