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...