The average price in the 15 East Coast, Katong region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in 15 East Coast, Katong has increased strongly in the last 6 months. During October, the average price per sq.feet was S$ 2,671. The following month (November) the price had a considerable increase reaching S$ 7,029 per sq.feet. In the following two months (December, January) the price per sq.feet has risen strongly to a 144 %. In the last two months, the price per sq.feet has had a significant increase of 120 %. This has been obtained by comparing the price of S$ 5,923.25 for the first four months of the sample with regard to the previous 4 months and the price of S$ 7,131.5 per sq.feet for the last two months (February, March).
Based upon to the price in 15 East Coast, Katong(region), this has decreased considerably in the last 6 months. October has an average price of S$ 2,319,247. During November the price had a strong deflation till S$ 674,589. In the following two months the average price has decreased 38 % compared to the previous two. During the last two months the price has had a considerable reduction of 52 % with respect to the previous four months going from S$ 1,030,974 a S$ 539,248.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the dearest ones. They are 114 % more expensive than the average price in 15 East Coast, Katong followed by those properties with 2 with an average price of S$ 1,578,613. The most costly properties have 4 bedrooms. They are 676 % more expensive than the average followed by those properties with 3 bedrooms priced at S$ 2,422,182.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of S$ 2,146 / sq.feet being S$ 7,174 / sq.feet the average value within the 15 East Coast, Katong region. The properties with the cheapest average price are those with 4 bedrooms. These are 67 % lower than the average followed by those with 1 bedroom with a price of S$ 2,252 / sq.feet.
The graph displaying the average price according to the property type shows "HDB House" as the cheapest one. With an average cost of S$ 575,281 it is 3 % more affordable than the average in 15 East Coast, Katong. This is followed by "Office" with a price of S$ 1,848,428. The dearest property type is "Detached House" and is 2158 % more expensive than the average, followed by "House" with a cost of S$ 4,559,631.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of S$ 1,693 / sq.feet, followed by "Detached House" with a price of S$ 1,842 / sq.feet. "HDB House" with an average price of S$ 6,878 / sq.feet is the cheapest type of property followed by "Office" at a price of S$ 3,119 / sq.feet.