The prices in real estate in Boon Lay, in the 22 Far West, Jurong 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 Boon Lay has had a strong decrease during the last 6 months. In September, the average price per sq.feet was S$ 582. In the following month the price per sq.feet decreased considerably to S$ 490. The price for the following two months in (November, December) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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$ 268 to during January, and February.
Based upon to the price in Boon Lay (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is S$ 1,259,923. In October This price remains at S$ 1,260,985. During the following two months (November, December) the average price had a considerable reduction of 0 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from S$ 630,227 to , which means a 0 % fall.