The prices in real estate in Tampines, in the 18 Far East, Tampines region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Tampines has increased during the last 6 months. In October, the average price per sq.feet was S$ 5,993. In November this price pretty much remained the same at a value of S$ 6,080 per sq.feet. In the following two months the price per sq.feet has barely changed, going from S$ 6,036.5 to S$ 6,310.5 per sq.feet. The price per sq.feet has increased 108 % 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$ 6,173.5 to S$ 6,640 during February, and March.
Based upon to the price in Tampines (cities), this has gone up in the last 6 months. The price in October is S$ 621,018, rising in November till S$ 661,232. In the following two months the average price has remained the same with regard to the previous two months from S$ 641,125 to S$ 657,752.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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$ 705,271 they are 49 % more affordable than the average price for Tampines. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 639,831.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of S$ 4,648 / sq.feet, with an average S$ 6,754 / sq.feet price in Tampines. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at S$ 5,494 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most affordable one. At an cost of S$ 705,271 it is 12 % cheaper than the average price in Tampines. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "HDB House". At a price of S$ 622,670 it is 5 % 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$ 446 / sq.feet followed by "HDB House" priced at S$ 6,092 / sq.feet. "HDB House" is the cheapest type of property with a S$ 6,092 / sq.feet value followed by "Apartment" with an average price of S$ 446 / sq.feet.