The average price is over $1m. Savills' analysis of the caveats lodged
from Q1/2012 to Q3/2013 shows that in
the new sale segment, home buyers are
now favouring smaller private non-landed
homes islandwide, with sizes from >60 sq
m to 80 sq m. Here's more from Savills: The demand for these types of units has
risen for three consecutive quarters from
17.7% in Q4/2012 to 28.2% in Q3/2013,
registering almost 1 percentage point
more than units sized =60 sq m, which
include one-bedroom apartments and "shoe-box" units. At the same time, the percentages of
relatively big units (>100 sq m) have been
gradually shrinking since early this year. Our analysis also reveals that the
average price quantum for the units sized
>60 sq m to 80 sq m was about S$
1,100,000, while that of the bigger units of
>100 sq m to 120 sqm was about $
1,490,000. These findings suggest that there were a
number of buyers who entered the
market, had their budgets crimped by the
cooling measures and TDSR, and have
been compelled to trade size for
affordability.
from Q1/2012 to Q3/2013 shows that in
the new sale segment, home buyers are
now favouring smaller private non-landed
homes islandwide, with sizes from >60 sq
m to 80 sq m. Here's more from Savills: The demand for these types of units has
risen for three consecutive quarters from
17.7% in Q4/2012 to 28.2% in Q3/2013,
registering almost 1 percentage point
more than units sized =60 sq m, which
include one-bedroom apartments and "shoe-box" units. At the same time, the percentages of
relatively big units (>100 sq m) have been
gradually shrinking since early this year. Our analysis also reveals that the
average price quantum for the units sized
>60 sq m to 80 sq m was about S$
1,100,000, while that of the bigger units of
>100 sq m to 120 sqm was about $
1,490,000. These findings suggest that there were a
number of buyers who entered the
market, had their budgets crimped by the
cooling measures and TDSR, and have
been compelled to trade size for
affordability.
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