The prices in real estate in Jurong, in the 22 Far West, Jurong region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Jurong has increased strongly during the last 6 months. In September, the average price per sq.feet was S$ 607. In the following month the price per sq.feet increased considerably to S$ 966. In the following two months the price per sq.feet has barely changed, going from S$ 786.5 to S$ 768 per sq.feet. The price per sq.feet has had a considerable deflation of 64 % 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$ 777.25 to S$ 500 during January, and February.
Based upon to the price in Jurong (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is S$ 552,199. In October This price remains at S$ 540,223. During the following two months (November, December) the price has had an average incrementation from S$ 546,211 to S$ 605,675.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from S$ 575,943.25 to S$ 494,610 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of S$ 493,508 they are 47 % more affordable than the average price for Jurong. The properties with the highest average price have 4 bedrooms, Their price is 91 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 488,528.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of S$ 774 / sq.feet, with an average S$ 607 / sq.feet price in Jurong. The properties with the highest average prices have 1 bedroom. They are 225 % more expensive than the average followed by properties with 3 bedrooms with a price at S$ 1,349 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most affordable one. At an cost of S$ 493,508 it is 23 % cheaper than the average price in Jurong. "Office" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condominium". At a price of S$ 1,493,256 it is 220 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "HDB House" at an average cost of S$ 924 / sq.feet followed by "Condominium" priced at S$ 1,116 / sq.feet. "Apartment" is the most costly type of property with a S$ 198,684 / sq.feet cost followed by "Office" with an average price of S$ 1,331 / sq.feet.