The prices in real estate in Toa Payoh, in the 12 Central, Toa Payoh 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 Toa Payoh has increased strongly during the last 6 months. In October, the average price per sq.feet was S$ 6,868. In November this price pretty much remained the same at a value of S$ 7,177 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from S$ 7,022.5 to S$ 7,830.5 per sq.feet. The price per sq.feet has increased 115 % 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$ 7,426.5 to S$ 8,508.5 during February, and March.
Based upon to the price in Toa Payoh (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is S$ 644,590. In November This price remains at S$ 643,733. During the following two months (December, January) the price has had an average incrementation from S$ 644,161.5 to S$ 720,559. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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$ 834,951 they are 66 % more affordable than the average price for Toa Payoh. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at S$ 796,205.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of S$ 4,715 / sq.feet, with an average S$ 8,935 / sq.feet price in Toa Payoh. The properties with the lowest average prices have 4 bedrooms. They are 17 % cheaper than the average followed by properties with 3 bedrooms with a price at S$ 5,943 / sq.feet.
The graph displaying the average prices displays the property type "HDB House" as the most affordable one. At an cost of S$ 834,951 it is 9 % cheaper than the average price in Toa Payoh. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "HDB House". At a price of S$ 761,677 it is 60 % 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$ 2,502 / sq.feet followed by "HDB House" priced at S$ 8,190 / sq.feet. "HDB House" is the cheapest type of property with a S$ 8,190 / sq.feet value followed by "House" with an average price of S$ 2,502 / sq.feet.