SG, 06 Oct 2020 Home owners are increasingly taking risks, egged on by the work from home trend, leading to a massive surge in sales of large condos of more than 1,200 square feet in size. With the most popular large units in the 1,200 - 1,400 sqft range as these are the most affordable.
Christine Sun, OrangeTee & Tie head of research & consultancy who analysed the trend, noted that in July and August alone, 208 units above 1,800 sq ft were sold at a median price of S$3.35 million, a trend that Ms Sun described as "pretty amazing amid the pandemic and economic slowdown".
The number is higher than in the same period of 2018 (187 units) at a median price of S$3.25 million and 201 units in 2019 with a median price of S$3.6 million, she said.