The prices in real estate in Punggol, in the 19 North East, Hougang 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 Punggol has increased strongly during the last 6 months. In October, the average price per sq.feet was S$ 5,367. In the following month the price per sq.feet increased considerably to S$ 6,941. In the following two months the price per sq.feet has increased 111 %, going from S$ 6,154 to S$ 6,837.5 per sq.feet. The price per sq.feet has increased 107 % 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$ 6,495.75 to S$ 6,951 during February, and March.
Based upon to the price in Punggol (cities), this has gone downing the last 6 months. The average price for October is S$ 767,403. During November the price had a slight fall till S$ 654,418. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. 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$ 692,870 and S$ 659,796.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of S$ 653,221 they are 45 % more affordable than the average price for Punggol. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 688,482.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of S$ 6,660 / sq.feet, with an average S$ 6,980 / sq.feet price in Punggol. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 2 bedrooms with a price at S$ 7,449 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most affordable one. At an cost of S$ 653,221 it is 1 % cheaper than the average price in Punggol. "Condominium" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of S$ 4,683,708 it is 1310 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of S$ 1,224 / sq.feet followed by "House" priced at S$ 1,245 / sq.feet. "HDB House" is the cheapest type of property with a S$ 6,683 / sq.feet value followed by "Office" with an average price of S$ 3,150 / sq.feet.