The prices in real estate in Farrer Park, in the 08 Central, Little India 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 Farrer Park has had a strong decrease during the last 6 months. In June, the average price per sq.feet was S$ 2,661. In the following month the price per sq.feet decreased considerably to S$ 2,073. The price for the following two months in (August, September) decreased 88 % 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$ 2,220 to during October, and November.
Based upon to the price in Farrer Park (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during June, is S$ 1,730,565. During July the price went through a considerable rise reaching S$ 4,178,879. During the following two months (August, September) the average price had a considerable increase of 141 % 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$ 3,566,800.5 to , which means a 0 % fall.