The prices in real estate in Hougang, in the 19 North East, Hougang region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Hougang has fallen in the last 6 months. In December, the average price per sq.feet was S$ 4,045. In the following month the price per sq.feet decreased considerably to S$ 2,606. The price for the following two months in (February, March) had a considerable increment of 127 %. The price per sq.feet has increased 108 % 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$ 3,771.5 to S$ 4,084 during April, and May.
Based upon to the price in Hougang (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is S$ 627,132. In January This price remains at S$ 626,914. In the following two months the average price has remained the same with regard to the previous two months from S$ 627,023 to S$ 626,466. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of S$ 626,744.5 and S$ 643,389.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of S$ 627,170 they are 40 % more affordable than the average price for Hougang. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 647,001.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of S$ 3,847 / sq.feet, with an average S$ 4,169 / sq.feet price in Hougang. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at S$ 4,847 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most costly one. At an cost of S$ 627,170 it is 0 % more expensive than the average price in Hougang. "Condominium" is seen as the second dearest property type. The dearest property type is "Detached House" followed by "Condominium". At a price of S$ 1,344,596 it is 933 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condominium" at an average cost of S$ 1,142 / sq.feet followed by "Detached House" priced at S$ 1,172 / sq.feet. "HDB House" is the most costly type of property with a S$ 6,258 / sq.feet cost followed by "Detached House" with an average price of S$ 1,172 / sq.feet.