The prices in real estate in Bedok, in the 16 Upper East Coast region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Bedok has had a strong decrease during the last 6 months. In January, the average price per sq.feet was S$ 1,374. In the following month the price per sq.feet decreased considerably to S$ 771. The price for the following two months in (March, April) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 142 % 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$ 1,005.25 to S$ 1,432 during May, and June.
Based upon to the price in Bedok (cities), this has gone up considerably in the last 6 months. The price in January is S$ 571,495, rising in February till S$ 647,744. During the following two months (March, April) the price has had an average incrementation from S$ 609,619.5 to S$ 641,150. Based on an analysis of the first four prices and the last two months the average price has risen strongly 243 % 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$ 1,560,809 they are 50 % more affordable than the average price for Bedok. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 1,098,072.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of S$ 1,433 / sq.feet, with an average S$ 1,608 / sq.feet price in Bedok. The properties with the highest average prices have 3 bedrooms. They are 71 % more expensive than the average followed by properties with 2 bedrooms with a price at S$ 1,598 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most affordable one. At an cost of S$ 1,560,809 it is 68 % cheaper than the average price in Bedok. "Condominium" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Detached House". At a price of S$ 5,464,404 it is 267 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of S$ 1,085 / sq.feet followed by "Detached House" priced at S$ 1,119 / sq.feet. "HDB House" is the most costly type of property with a S$ 5,172 / sq.feet cost followed by "Condominium" with an average price of S$ 1,309 / sq.feet.