The prices in real estate in Sembawang, in the 27 Far North, Yishun 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 Sembawang has increased strongly during the last 6 months. In July, the average price per sq.feet was S$ 2,097. In the following month the price per sq.feet decreased considerably to S$ 1,762. The price for the following two months in (September, October) had a considerable increment of 127 %. The price per sq.feet has had a considerable increase of 136 % 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$ 2,189.75 to S$ 2,980.5 during November, and December.
Based upon to the price in Sembawang (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is S$ 450,704. In August This price remains at S$ 444,466. In the following two months the average price has remained the same with regard to the previous two months from S$ 447,585 to S$ 439,172. 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$ 443,378.5 and S$ 435,580.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of S$ 447,529 they are 46 % more affordable than the average price for Sembawang. The properties with the highest average price have 4 bedrooms, Their price is 338 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 931,507.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of S$ 799 / sq.feet, with an average S$ 3,720 / sq.feet price in Sembawang. The properties with the lowest average prices have 1 bedroom. They are 32 % cheaper than the average followed by properties with 2 bedrooms with a price at S$ 1,026 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most affordable one. At an cost of S$ 447,529 it is 10 % cheaper than the average price in Sembawang. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of S$ 1,334,279 it is 1134 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "HDB House" at an average cost of S$ 370 / sq.feet followed by "Condominium" priced at S$ 942 / sq.feet. "Apartment" is the cheapest type of property with a S$ 1,196 / sq.feet value followed by "Detached House" with an average price of S$ 1,146 / sq.feet.