The average rent price in the 12 Central, Toa Payoh region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in 12 Central, Toa Payoh has risen considerably in the last 6 months. During October, the average price per sq.feet was S$ 59.75. The following month (November) the price rose to S$ 67.48 per sq.feet. The following two months (December, January) went through a rise of 107 % in the rent price per sq.feet rising from S$ 63.62 to S$ 68.25 per sq.feet. In the last two months, the price per sq.feet has risen 108 %. This has been obtained by comparing the price S$ 65.93 for the first four months of the sample with regard to the previous 4 months and the price S$ 71.13 per sq.feet for the last two months (February, March).
When referring to the price in 12 Central, Toa Payoh(region), this has fallen considerably in the last 6 months. October has an average price of S$ 2,436. During Novemberthe price had a strong fall till S$ 2,050. The average price for the following two months (December, January) fell 86 % compared to the previous two. During the last two months the average price has not gone through any changes and has gone from S$ 2,083.75 to S$ 1,983.5 during February and March.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 36 % cheaper than the average price in 12 Central, Toa Payoh followed by those with 2 with an average price of S$ 3,389. The most expensive properties have 4 bedrooms. They are 126 % more expensive than the average followed by those properties with 3 bedrooms priced at S$ 4,315.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of S$ 36.4 / sq.feet being S$ 71.29 / sq.feet the average for 12 Central, Toa Payoh. The properties with the lowest average price are those with 2 bedrooms. These are 29 % more affordable than the average followed by those with 1 bedroom with a price of S$ 43.21 / sq.feet.
The graph displaying the average rent price according to the property type shows "HDB House" as the most expensive one. With an average cost of S$ 1,980 it is 30 % more costly than the average in 12 Central, Toa Payoh. This is followed by "Condominium" with a cost of S$ 4,389. The most expensive property type is "Apartment" and is 424 % more costly than the average, followed by "Office" with a cost of S$ 7,402.
Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of S$ 2 / sq.feet, followed by "Condominium" with a price of S$ 3 / sq.feet. "HDB House" with an average price of S$ 61.29 / sq.feet is the most affordable type of property followed by "Condominium" at a price of S$ 3 / sq.feet.