The average rent price in the 25 Far North 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 25 Far North has risen considerably in the last 6 months. During October, the average price per sq.feet was S$ 57.96. The following month (November) the price had a considerable rise reaching S$ 66.72 per sq.feet. The following two months (December, January) went through a rise of 110 % in the rent price per sq.feet rising from S$ 62.34 to S$ 68.78 per sq.feet. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per sq.feet of S$ 65.56 to S$ 66.48 during February and March.
When referring to the price in 25 Far North (region), this has fallen in the last 6 months. October has an average price of S$ 1,540. During Novemberthe price had a slight fall till S$ 1,392. The average price for the following two months (December, January) fell 95 % compared to the previous two. During the last two months the price has gone up 106 % compared to the previous average values going from S$ 1,426.25 a S$ 1,508 in February y 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 31 % cheaper than the average price in 25 Far North followed by those with 2 with an average price of S$ 2,861. The most expensive properties have 4 bedrooms. They are 208 % more expensive than the average followed by those properties with 3 bedrooms priced at S$ 3,731.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of S$ 33.52 / sq.feet being S$ 68.82 / sq.feet the average for 25 Far North. The properties with the lowest average price are those with 1 bedroom. These are 14 % more affordable than the average followed by those with 2 bedrooms with a price of S$ 48.18 / sq.feet.
The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of S$ 1,402 it is 25 % cheaper than the average in 25 Far North. This is followed by "HDB House" with a cost of S$ 1,880. The most expensive property type is "Office" and is 245 % more costly than the average, followed by "Condominium" with a cost of S$ 2,743.
Based upon the average cost per sq.feet the most affordable property type is "Condominium with a an average price of S$ 1 / sq.feet, followed by "Office" with a price of S$ 2 / sq.feet. "HDB House" with an average price of S$ 59 / sq.feet is the most affordable type of property followed by "Office" at a price of S$ 2 / sq.feet.