The rent prices in real estate in Hougang, in the 19 North East, Hougang region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Hougang has risen during the last 6 months. In October, the average price per sq.feet was S$ 57.08. In the following month the price per sq.feet rose to S$ 61.01. In the following two months the price per sq.feet has risen 113 %, going from S$ 59.04 to S$ 66.84 per sq.feet. 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$ 62.94 to S$ 65.43 during February y March
When referring to the price in Hougang (cities), this has fallen in the last 6 months. The average price for October is S$ 2,051. During November the price had a slight fall till S$ 1,895. In the following two months the average price has hardly changed with regard to the previous two months from S$ 1,973 to S$ 1,882. During the last two months the average price has fallen greatly compared to the previous four going from S$ 1,927.5 to S$ 1,577, which means a 82 % 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$ 1,739 they are 29 % more affordable than the average price for Hougang . The properties with the highest average price have 4 bedrooms, Their price is 123 % more expensive than the average. After that we have properties with 3 bedrooms priced at S$ 3,873.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of S$ 27.73 / sq.feet, with an average S$ 60.94 / sq.feet price in Hougang. The properties with the most affordable average prices have 1 bedroom. They are 20 % more affordable than the average followed by properties with 2 bedrooms with a price at S$ 42.65 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of S$ 1,739 it is 64 % more affordable than the average price in Hougang. "Condominium" is seen as the second most affordable property type. The most expensive property type is "HDB House" followed by "Condominium". At a price of S$ 1,258 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "HDB House" at an average price of S$ 55.91 / sq.feet followed by "Condominium" priced at S$ 947 / sq.feet. "Condominium" is the most expensive type of property with a S$ 947 / sq.feet value followed by "HDB House" with an average price of S$ 55.91 / sq.feet.