For new homeowners, singles, and investors, a one-bedroom condo is still the most popular unit type to look at. In a property market where price is a concern, and given higher stamp duties and a lower quantum, some buyers still believe in these smaller units.
However, whichever property agent that you bump into seems to be singing the same tune: if you are looking to invest in a one-bedder, buy a new launch condo.
So this week, we took a look at the gains of one-bedder condos of late; and tried to determine if it’s better to buy them as new or resale properties:
Note: For the following, we consider units of 600 sq. ft. and below to be one-bedders. While some developers have marketed 500 to 600 sq. ft. units as two-bedders, the market consensus on these units is that they’re suited to singles.
We will also be treating new-to-subsale units as being the same as resale. The sub sale ...