The prices in real estate in Joo Chiat, in the 15 East Coast, Katong 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 Joo Chiat has had a strong decrease during the last 6 months. In October, the average price per sq.feet was S$ 2,213. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (December, January) 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$ 553.25 to during February, and March.
Based upon to the price in Joo Chiat (cities), this has fallen considerably in the last 6 months. The average price for October is S$ 2,755,595. During November the price had a considerable reduction till . During the following two months (December, January) 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$ 688,898.75 to , which means a 0 % fall.