The rent prices in real estate in Pasir Ris, in the 17 Far East, Changi region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Pasir Ris has fallen during the last 6 months. In October, the average price per sq.feet was S$ 60.35. In November this price barely changed remaining at S$ 60.39 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from S$ 60.37 to S$ 58.74 per sq.feet. The price per sq.feet has fallen 90 % 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$ 59.56 to S$ 53.31 during February, and March.
When referring to the price in Pasir Ris (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is S$ 2,094. In November This price remains at S$ 2,017. In the following two months the average price has hardly changed with regard to the previous two months from S$ 2,055.5 to S$ 1,991. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.
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$ 2,573 they are 55 % more affordable than the average price for Pasir Ris . The properties with the highest average price have 4 bedrooms, Their price is 74 % more expensive than the average. After that we have properties with 3 bedrooms priced at S$ 3,970.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of S$ 28 / sq.feet, with an average S$ 51.02 / sq.feet price in Pasir Ris. The properties with the most affordable average prices have 1 bedroom. They are 22 % more affordable than the average followed by properties with 2 bedrooms with a price at S$ 35 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of S$ 2,573 it is 51 % more affordable than the average price in Pasir Ris. "HDB House" is seen as the second most affordable property type. The most affordable property is "HDB House" followed by "". At a price of S$ 1,256 it is 4 % more affordable than the average price.
According to the average area price by sq.feet the most affordable property type is "HDB House with an average cost of S$ 48 / sq.feet. "HDB House" with an average price of S$ 48 / sq.feet has the most affordable price and would be directed at less affluent cities.