The average rent price in the 17 Far East, Changi region has had a slight fall in recent months. There has been a fall in the rent prices in this region.
The price per sq.feet in 17 Far East, Changi has fallen in the last 6 months. During November, the average price per sq.feet was S$ 60.39. In December the price barely changed remaining at S$ 60.67 per sq.feet. The following two months (January, February) went through a fall of 93 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has fallen 88 %. This has been obtained by comparing the price S$ 58.36 for the first four months of the sample with regard to the previous 4 months and the price S$ 51.31 per sq.feet for the last two months (March, April).
When referring to the price in 17 Far East, Changi(region), this has risen in the last 6 months. November has an average price of S$ 2,017. During Decemberthe price had a slight fall till S$ 1,886. The average price for the following two months (January, February) rose from S$ 1,951.5 to S$ 2,166.5. During the last two months the price has had a considerable rise of 118 % with respect to the previous four months going from S$ 2,059 a S$ 2,436.
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 60 % cheaper than the average price in 17 Far East, Changi followed by those with 2 with an average price of S$ 3,700. The most expensive properties have 4 bedrooms. They are 75 % more expensive than the average followed by those properties with 3 bedrooms priced at S$ 3,903.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of S$ 32.69 / sq.feet being S$ 51.6 / sq.feet the average for 17 Far East, Changi. The properties with the lowest average price are those with 1 bedroom. These are 2 % more affordable than the average followed by those with 2 bedrooms with a price of S$ 43.66 / 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$ 2,299 it is 20 % more costly than the average in 17 Far East, Changi. This is followed by "" with a cost of S$ 4,270. The most expensive property type is "" and is 86 % more costly than the average, followed by "HDB House" with a cost of S$ 2,755.
Based upon the average price per sq.feet, the most affordable property type is "HDB House with an average cost of S$ 46.11 / sq.feet. "HDB House" which has the lowest average price of S$ 46.11 / sq.feet would be present in a less affluent region.