The average rent price in the 11 Central, Newton region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in 11 Central, Newton has fallen considerably in the last 6 months. During November, the average price per sq.feet was S$ 27.11. The following month (December) the price had a considerable fall reaching S$ 23 per sq.feet. The following two months (January, February) went through a considerable fall of 60 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 32 %. This has been obtained by comparing the price of S$ 20.01 for the first four months of the sample with regard to the previous 4 months and the price of S$ 6.46 per sq.feet for the last two months (March, April).
When referring to the price in 11 Central, Newton(region), this has fallen considerably in the last 6 months. November has an average price of S$ 1,957. During Decemberthe price had a strong fall till S$ 1,138. In the following two months the average price has fallen 65 % compared to the previous two. During the last two months the average price has not gone through any changes and has gone from S$ 1,276 to S$ 1,275 during March and April.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most expensive ones. They are 30 % more costly than the average price in 11 Central, Newton followed by those properties with 2 with an average price of S$ 5,708. The most expensive properties have 4 bedrooms. They are 587 % more expensive than the average followed by those properties with 3 bedrooms priced at S$ 7,138.
Based upon the average prices per sq.feet, those properties with 1 bedroom are 125 % more expensive than the average (S$ 14 / sq.feet) in 11 Central, Newton. The properties with the highest bedrooms / sq.feet price are those with 1 bedroom. They are 125 % more expensive than the average aforementioned.
The graph displaying the average rent price according to the property type shows "" as the most expensive one. With an average cost of S$ 1,600 it is 306 % more costly than the average in 11 Central, Newton. This is followed by "Detached House" with a cost of S$ 7,900. The most expensive property type is "Detached House" and is 394 % more costly than the average, followed by "" with a cost of S$ 6,495.
Based upon the average price per sq.feet, the most affordable property type is "Detached House with an average cost of S$ 3 / sq.feet. "Detached House" which has the lowest average price of S$ 3 / sq.feet would be present in a less affluent region.