The prices in real estate in Joo Chiat, in the 15 East Coast, Katong region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Joo Chiat has remained the same in the last 6 months. In January, the average price per sq.feet was S$ 1,507. In February this price pretty much remained the same at a value of S$ 1,511 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from S$ 1,509 to S$ 1,620 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of S$ 1,564.5 to S$ 1,578 during May y June
Based upon to the price in Joo Chiat (cities), this has gone up in the last 6 months. In our first sample month during January, the average price is S$ 3,887,307. In February This price remains at S$ 4,034,222. During the following two months (March, April) the price has had an average incrementation from S$ 3,960,764.5 to S$ 4,162,461. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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$ 4,886,099 they are 76 % more affordable than the average price for Joo Chiat. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 2,531,726.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of S$ 1,995 / sq.feet, with an average S$ 1,501 / sq.feet price in Joo Chiat. The properties with the highest average prices have 4 bedrooms. They are 41 % more expensive than the average followed by properties with 1 bedroom with a price at S$ 2,089 / sq.feet.
The graph displaying the average prices displays the property type "Condominium" as the most affordable one. At an cost of S$ 4,886,099 it is 48 % cheaper than the average price in Joo Chiat. "House" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "Detached House". At a price of S$ 9,962,353 it is 141 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of S$ 1,083 / sq.feet followed by "Apartment" priced at S$ 1,344 / sq.feet. "Condominium" is the most costly type of property with a S$ 2,259 / sq.feet cost followed by "Bungalow" with an average price of S$ 2,149 / sq.feet.