The rent prices in real estate in Hougang, in the 19 North East, Hougang region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Hougang has had a strong fall during the last 6 months. In December, the average price per sq.feet was S$ 4.32. In January this price barely changed remaining at S$ 4.48 per sq.feet. The price for the following two months in (February, March) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of S$ 3.79 to S$ 3.72 during April y May
When referring to the price in Hougang (cities), this has risen considerably in the last 6 months. The average price during our first sample month during December, is S$ 1,186. During January the price went through a considerable rise reaching S$ 2,381. During the following two months (February, March) the average price had a considerable rise of 129 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from S$ 2,037.75 to S$ 1,416, which means a 69 % fall.
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$ 1,132 they are 42 % more affordable than the average price for Hougang . The properties with the highest average price have 4 bedrooms, Their price is 144 % more expensive than the average. After that we have properties with 3 bedrooms priced at S$ 2,311.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of S$ 1.75 / sq.feet, with an average S$ 3.82 / sq.feet price in Hougang. The properties with the most expensive average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at S$ 2.51 / sq.feet.
The graph displaying the average rent prices displays the property type "Condominium" as the most expensive one. At an cost of S$ 1,132 it is 19 % more expensive than the average price in Hougang. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "Condominium". At a price of S$ 1,350 it is 187 % more expensive than the average price.
According to the average area price by sq.feet the most expensive property type is "Condominium with an average cost of S$ 993 / sq.feet. "Condominium" at an average price of S$ 993 / sq.feet has the highest price and would be directed at more affluent cities.