Property
Larger Condo Units But Higher PSF? The Strange 2024 Singapore Property Trend You Need to Know
By Stacked Homes  •  October 14, 2024
With the exception of some penthouses or very special premium units, the rule of thumb is “Smaller unit = higher price psf”. Condos like Piccadilly Grand, for example, had one-bedders which were priced at close to $2,200 psf at launch, while the biggest 5-bedders were just below $1,900 psf. Conversely, some of the biggest Sentosa Cove bungalows may have a price psf as low as $1,200, although they’re so big the overall quantum could well be $15 million or more. So it’s unusual that, over the past year or so, we’ve seen a trend where bigger units seem to show a higher price psf, sometimes even surpassing smaller ones. What’s happening? Let’s have a closer look: A snapshot of the overall pattern First, we want to see what we can learn from the data, and see if there’s some kind of emerging pattern. Second, we’ll try to identify when exactly the trend began, as that might also give...
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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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