The prices in real estate in Boat Quay, in the 01 City, Marina Area 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 Boat Quay has had a strong decrease during the last 6 months. In February, the average price per sq.feet was S$ 2,894. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 168 %. The price per sq.feet has had a considerable increase of 127 % 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$ 1,936 to S$ 2,467 during June, and July.
Based upon to the price in Boat Quay (cities), this has gone up considerably in the last 6 months. The average price for February is S$ 1,667,574. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 373 % 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 174 % 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$ 3,508,812 they are 54 % more affordable than the average price for Boat Quay. The properties with the highest average price have 4 bedrooms, Their price is 209 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 3,634,903.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of S$ 2,351 / sq.feet, with an average S$ 2,476 / sq.feet price in Boat Quay. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at S$ 2,490 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of S$ 3,508,812 it is 86 % cheaper than the average price in Boat Quay. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condominium" followed by "Apartment". At a price of S$ 3,745,429 it is 44 % 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$ 2,439 / sq.feet followed by "Condominium" priced at S$ 2,658 / sq.feet. "House" is the most costly type of property with a S$ 288,542 / sq.feet cost followed by "Condominium" with an average price of S$ 2,658 / sq.feet.