Property prices for rent in Selangor region
The average rent price in the 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 Selangor has fallen considerably in the last 6 months. During August, the average price per sq.feet was RM 4.74. The following month the price fell to RM 4.2 per sq.feet. The following two months (October, November) went through a considerable fall of 79 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has fallen 86 %. This has been obtained by comparing the price RM 4 for the first four months of the sample with regard to the previous 4 months and the price RM 3.44 per sq.feet for the last two months (December, January).
When referring to the price in Selangor(region), this has risen considerably in the last 6 months. In the first month sample for August the average price is RM 1,586. During September it went through a strong rise reaching RM 2,263 The price in the following months (October, November) had a strong rise of 133 % going from RM 1,924.5 to RM 2,563. During the last two months the average price has not gone through any changes and has gone from RM 2,243.75 to RM 2,327.5 during December and January.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 44 % cheaper than the average price in Selangor followed by those with 3 with an average price of RM 1,394. The most affordable properties have 4 bedrooms. They are 14 % cheaper than the average followed by those properties with 2 bedrooms priced at RM 1,678.
Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of RM 1.5 / sq.feet being RM 2.89 / sq.feet the average for Selangor. The properties with the highest average price are those with 1 bedroom. These are 74 % more expensive than the average followed by those with 2 bedrooms with a price of RM 3.27 / sq.feet.
The graph displaying the average rent price according to the property type shows "Terraced House" as the most affordable one. With an average cost of RM 2,202 it is 35 % cheaper than the average in Selangor. This is followed by "Condominium" with a cost of RM 1,648. The most expensive property type is "Bungalow" and is 222 % more costly than the average, followed by "Link House" with a cost of RM 3,736.
Based upon the average cost per sq.feet the most affordable property type is "Residential House with a an average price of RM 1.85 / sq.feet, followed by "Link House" with a price of RM 2.1 / sq.feet. "Terraced House" with an average price of RM 2.77 / sq.feet is the most affordable type of property followed by "Bungalow" at a price of RM 2.75 / sq.feet.
