The prices in real estate in Simei, in the 18 Far East, Tampines 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 Simei has increased strongly during the last 6 months. In February, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to . The price for the following two months in (April, May) had a considerable increment of 2147483647 %. The price per sq.feet has had a considerable increase of 414 % 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$ 268.5 to S$ 1,112.5 during June, and July.
Based upon to the price in Simei (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is . During March the price went through a considerable rise reaching . During the following two months (April, May) the average price had a considerable increase of 2147483647 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 386 % 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$ 1,101,413 they are 39 % more affordable than the average price for Simei. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 1,185,269.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of S$ 1,036 / sq.feet, with an average S$ 1,117 / sq.feet price in Simei. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at S$ 1,148 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of S$ 1,101,413 it is 10 % cheaper than the average price in Simei. "Condominium" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condominium". At a price of S$ 1,095,212 it is 114 % 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$ 845 / sq.feet followed by "Apartment" priced at S$ 1,048 / sq.feet. "Condominium" is the most costly type of property with a S$ 1,131 / sq.feet cost followed by "Apartment" with an average price of S$ 1,048 / sq.feet.