The rent prices in real estate in Punggol, in the 19 North East, Hougang 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 Punggol has risen strongly during the last 6 months. In October, the average price per sq.feet was S$ 39.85. In the following month the price per sq.feet rose considerably to S$ 55.79. The price for the following two months in (December, January) had a considerable rise of 122 %. The price per sq.feet has risen 112 % 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$ 52.97 to S$ 59.14 during February, and March.
When referring to the price in Punggol (cities), this has fallen considerably in the last 6 months. The average price for October is S$ 2,891. During November the price had a slight fall till S$ 2,539. During the following two months (December, January) the average price had a considerable fall of 83 % 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 86 %, going from S$ 2,481.5 to S$ 2,132 in 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$ 2,139 they are 27 % more affordable than the average price for Punggol . The properties with the highest average price have 4 bedrooms, Their price is 93 % more expensive than the average. After that we have properties with 3 bedrooms priced at S$ 3,842.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of S$ 34.75 / sq.feet, with an average S$ 59.15 / sq.feet price in Punggol. 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$ 44.2 / 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$ 2,139 it is 41 % more expensive than the average price in Punggol. "Condominium" is seen as the second most expensive property type. The most expensive property type is "House" followed by "". At a price of S$ 4,553 it is 486 % 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 "House" priced at S$ 7 / sq.feet. "HDB House" is the most affordable type of property with a S$ 42 / sq.feet value followed by "House" with an average price of S$ 7 / sq.feet.