Property prices for rent in Selangor region
The average rent price in the 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 Selangor has risen considerably in the last 6 months. During May, the average price per sq.feet was RM 1.95. The following month (June) the price rose to RM 2.06 per sq.feet. In the following two months (July, August) the rent price per sq.feet has increased notably to a 200 %. In the last two months, the price per sq.feet has had a significant rise of 125 %. This has been obtained by comparing the price of RM 3.01 for the first four months of the sample with regard to the previous 4 months and the price of RM 3.77 per sq.feet for the last two months (September, October).
When referring to the price in Selangor(region), this has fallen considerably in the last 6 months. In the first month sample May the average price is RM 2,639. In June the price remains at RM 2,721. In the following two months the average price has fallen 63 % compared to the previous two. During the last two months the price has gone down 93 % compared to the previous average values going from RM 2,188.75 a RM 2,030 in September y October.
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 28 % cheaper than the average price in Selangor followed by those with 3 with an average price of RM 1,465. The most expensive properties have 4 bedrooms. They are 9 % more expensive than the average followed by those properties with 2 bedrooms priced at RM 1,740.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of RM 1.28 / sq.feet being RM 3.33 / sq.feet the average for Selangor. The properties with the highest average price are those with 1 bedroom. These are 6 % more expensive than the average followed by those with 2 bedrooms with a price of RM 2.62 / 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 1,797 it is 53 % cheaper than the average in Selangor. This is followed by "Residential House" with a cost of RM 1,326. The most expensive property type is "Link House" and is 143 % more costly than the average, followed by "Condominium" with a cost of RM 2,114.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of RM 0.99 / sq.feet, followed by "Condominium" with a price of RM 1.89 / sq.feet. "Bungalow" with an average price of RM 7.79 / sq.feet is the most expensive type of property followed by "Link House" at a price of RM 2.4 / sq.feet.
