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.
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