It’s live and let live for Singapore’s ever-shrinking 3-bedroom condos
THREE-BEDROOM non-landed homes, typically targeted at families, are getting smaller. Potential buyers hoping for government intervention had better vote with their wallets instead.
Data collated for The Business Times (BT) by PropertyGuru shows the median floor area of three-bedder condominium units falling over four decades.
The data sorted active listings by the year their Temporary Occupation Permits were obtained. Median floor areas were around 1,700-1,800 square feet (sq ft) in the 80s, then fell just below 1,500 sq ft in the 90s. Sizes went up from 2005 to 2010, but fell to around 1,000 sq ft from 2018.
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