, Singapore

Chart of the Day: Homes under 800 sqft make up most purchases in May

This points to investors entering the market to pick up smaller units.

This chart from Propnex research shows that in terms of sizes, homes that are under 800 sqft have garnered the most interest from buyers and investors with 67% in May. This is compared to 53% in January.

In particular, homes spanning 500 to 800 sqft were most popular in April and May, accounting for 62% and 54% of the total, respectively.

Meanwhile, sales units that are over 1,600 sqft dropped by 5 percentage points (ppt) to 2% in May from 7% in January.

This could point to some investors entering the market to pick up smaller units. It also indicated that buyers at large remain very price sensitive, buying less sizable units to keep overall quantum affordable.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Is HDB resale a good investment?
OrangeTee’s Dallas Hassan and Huttons Asia Real Estate Groups’ Lee Sze Teck answer frequently-asked questions on HDB.
Spoof proof: How the new SMS Sender ID Registry prevents phishing
Phishing remains a huge problem in Singapore, with reported incidents jumping from 16 to 5,020 within four years.