by OrangeTee & Tie Pte Ltd.

Bigger is better for Singapore home buyers

SRX Private Residential Data

SRX Private Residential

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.

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