The average price in the 16 Upper East Coast 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 16 Upper East Coast has increased strongly in the last 6 months. During November, the average price per sq.feet was S$ 2,175. The following month (December) the price had a considerable increase reaching S$ 3,390 per sq.feet. In the following two months (January, February) the price per sq.feet has risen strongly to a 138 %. In the last two months, the price per sq.feet has had a significant increase of 139 %. This has been obtained by comparing the price of S$ 3,313.25 for the first four months of the sample with regard to the previous 4 months and the price of S$ 4,599 per sq.feet for the last two months (March, April).
Based upon to the price in 16 Upper East Coast (region), this has decreased in the last 6 months. The average price in November is S$ 1,352,958. In December the price increased to S$ 1,426,385. In the following two months the average price didn't change much compared to the previous two going from S$ 1,389,671.5 to S$ 1,426,406.5. During the last two months the price has had a considerable reduction of 53 % with respect to the previous four months going from S$ 1,408,039 a S$ 741,864.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the dearest ones. They are 3 % more expensive than the average price in 16 Upper East Coast followed by those properties with 2 with an average price of S$ 970,031. The most costly properties have 4 bedrooms. They are 207 % more expensive than the average followed by those properties with 3 bedrooms priced at S$ 1,107,340.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of S$ 1,298 / sq.feet being S$ 4,548 / sq.feet the average value within the 16 Upper East Coast region. The properties with the cheapest average price are those with 3 bedrooms. These are 35 % lower than the average followed by those with 2 bedrooms with a price of S$ 1,789 / 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$ 760,857 it is 26 % more affordable than the average in 16 Upper East Coast. This is followed by "Condominium" with a price of S$ 1,316,146. The dearest property type is "Apartment" and is 602 % more expensive than the average, followed by "Bungalow" with a cost of S$ 5,289,985.
Based on the average cost per sq.feet the cheapest property type is "Detached House with a an average cost of S$ 996 / sq.feet, followed by "Apartment" with a price of S$ 1,086 / sq.feet. "HDB House" with an average price of S$ 5,618 / sq.feet is the most costly type of property followed by "Condominium" at a price of S$ 1,387 / sq.feet.