The rent prices in real estate in Bukit Batok, in the 23 North West 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 Bukit Batok has risen strongly during the last 6 months. In October, the average price per sq.feet was S$ 49.35. In the following month the price per sq.feet rose considerably to S$ 63.41. In the following two months the price per sq.feet has risen 109 %, going from S$ 56.38 to S$ 61.56 per sq.feet. The price per sq.feet has risen 110 % 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$ 58.97 to S$ 64.64 during February, and March.
When referring to the price in Bukit Batok (cities), this has fallen considerably in the last 6 months. The average price for October is S$ 2,483. During November the price had a considerable fall till S$ 1,880. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from S$ 2,064.25 to S$ 1,924 in February and March.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of S$ 1,602 they are 40 % more expensive than the average price for Bukit Batok. Following this ranking we find those properties with 2 at an average price of S$ 3,177. The properties with the highest average price have 4 bedrooms, Their price is 298 % more expensive than the average. After that we have properties with 3 bedrooms priced at S$ 3,976.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of S$ 16 / sq.feet, with an average S$ 68.7 / sq.feet price in Bukit Batok. The properties with the most affordable average prices have 1 bedroom. They are 2 % more affordable than the average followed by properties with 2 bedrooms with a price at S$ 47.12 / 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$ 1,602 it is 65 % more expensive than the average price in Bukit Batok. "Condominium" is seen as the second most expensive property type. The most expensive property type is "House" followed by "". At a price of S$ 3,685 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$ 2 / sq.feet followed by "HDB House" priced at S$ 51 / sq.feet. "HDB House" is the most affordable type of property with a S$ 51 / sq.feet value followed by "Condominium" with an average price of S$ 2 / sq.feet.