The rent prices in real estate in Bedok, in the 16 Upper East Coast region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Bedok has risen strongly during the last 6 months. In October, the average price per sq.feet was S$ 46.55. In the following month the price per sq.feet rose considerably to S$ 64.43. In the following two months the price per sq.feet has risen 110 %, going from S$ 55.49 to S$ 60.98 per sq.feet. The price per sq.feet has risen 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of S$ 58.24 to S$ 62.22 during February, and March.
When referring to the price in Bedok (cities), this has fallen considerably in the last 6 months. The average price for October is S$ 2,409. During November the price had a considerable fall till S$ 1,861. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of S$ 2,074.25 and S$ 2,034 between February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of S$ 1,823 they are 40 % more affordable than the average price for Bedok . The properties with the highest average price have 4 bedrooms, Their price is 147 % more expensive than the average. After that we have properties with 3 bedrooms priced at S$ 3,891.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of S$ 34 / sq.feet, with an average S$ 64.62 / sq.feet price in Bedok. The properties with the most expensive average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at S$ 47.57 / sq.feet.
The graph displaying the average rent prices displays the property type "HDB House" as the most expensive one. At an cost of S$ 1,823 it is 36 % more expensive than the average price in Bedok. "Condominium" is seen as the second most expensive property type. The most expensive property type is "Apartment" followed by "". At a price of S$ 6,898 it is 613 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Condominium" at an average price of S$ 1 / sq.feet followed by "Apartment" priced at S$ 3 / sq.feet. "HDB House" is the most affordable type of property with a S$ 53 / sq.feet value followed by "Apartment" with an average price of S$ 3 / sq.feet.