The rise of the work from home trend due to the COVID-19 pandemic saw Singapore buyers opting for larger homes, allowing them to set up dedicated workspaces or makeshift offices segregated from personal spaces.
In fact, sales of large homes now hover at almost a 10-year high, said Christine Sun, Senior Vice President of Research and Analytics at OrangeTee and Tie, in an article posted in Channel News Asia (CNA).
URA Realis data showed that sales of large condominiums measuring at least 1,200 sq ft surged 205.5% to 4,335 units (including subsales) during the first half of 2021 from 1,419 units over the same period last year.