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 July, the average price per sq.feet was S$ 4,805. In the following month the price per sq.feet increased considerably to S$ 5,817. The price for the following two months in (September, October) had a considerable decrease of 68 with regard to the prior two months. The price per sq.feet has decreased 93 % 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$ 4,456.75 to S$ 4,141 during November, and December.
Based upon to the price in Hougang (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is S$ 594,517. In August This price remains at S$ 603,518. In the following two months the average price has remained the same with regard to the previous two months from S$ 599,017.5 to S$ 610,449. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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$ 627,132 they are 48 % more affordable than the average price for Hougang. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 585,997.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of S$ 3,352 / sq.feet, with an average S$ 4,045 / sq.feet price in Hougang. The properties with the highest average prices have 1 bedroom. They are 70 % more expensive than the average followed by properties with 2 bedrooms with a price at S$ 4,784 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most costly one. At an cost of S$ 627,132 it is 41 % 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 "Apartment". At a price of S$ 1,468,512 it is 938 % 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$ 1,152 / sq.feet followed by "Detached House" priced at S$ 1,182 / sq.feet. "Apartment" is the cheapest type of property with a S$ 1,348 / sq.feet value followed by "HDB House" with an average price of S$ 1,304 / sq.feet.