The prices in real estate in Alexandra Road, in the 03 Central South region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Alexandra Road has increased strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to S$ 1,813. The price for the following two months in (May, June) had a considerable increment of 200 %. The price per sq.feet has had a considerable increase of 137 % 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$ 1,357.5 to S$ 1,857 during July, and August.
Based upon to the price in Alexandra Road (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching S$ 1,630,520. During the following two months (May, June) the average price had a considerable increase of 216 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 141 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of S$ 1,713,424 they are 41 % more affordable than the average price for Alexandra Road. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 1,963,860.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of S$ 1,868 / sq.feet, with an average S$ 1,879 / sq.feet price in Alexandra Road. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 4 bedrooms with a price at S$ 1,961 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of S$ 1,713,424 it is 38 % cheaper than the average price in Alexandra Road. "House" is seen as the second most affordable property type. The dearest property type is "Condominium" followed by "Apartment". At a price of S$ 1,660,626 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of S$ 1,630 / sq.feet followed by "House" priced at S$ 1,638 / sq.feet. "Condominium" is the most costly type of property with a S$ 1,896 / sq.feet cost followed by "Apartment" with an average price of S$ 1,864 / sq.feet.