In Malaysia, the rent prices have gone up significantly after the Covid-19 lockdowns. One big factor is the OPR rates increasing, hence, property owners would then need to offset the cost to their tenants. Furthermore, inflation is another killer for renters.
Crazy rent prices
Apparently, a netizen complained about a recent encounter with a rental post. The post stated that it would cost a person RM500 to rent the space. Guess what? The space is just a single bed, the room is shared among multiple people. Is the Klang Valley becoming the next Hong Kong?
Others stated that the renter was targeting foreign students. Locals are complaining that in the same location, rent prices are about RM800 – RM1,200 for a studio unit. Complaints that the unit looks like a hospital ward is another popular opinion.
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