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Bigger is better for Singapore home buyers

Spurred by WFH trend, larger condo sales hit two-year highs, with 582 condos of over 1,200 sq ft sold in August

Published Mon, Oct 5, 2020 · 09:50 PM

Singapore

HOME owners are trading up, spurred to take that plunge of a bigger financial committment by the work from home trend which has led to a surge in sales of large condos.

These are defined as more than 1,200 square feet (sq ft) in size. The most popular large units are in the 1,200 - 1,400 sq ft size as these are more affordable compared to even bigger ones.

Christine Sun, OrangeTee & Tie head of research & consultancy who analysed the trend, noted that in July and August alone, 208 units above 1,800 sq ft were sold at a median price of S$3.35 million, a trend that Ms Sun described as "pretty amazing amid the pandemic and economic slowdown".

The number is higher than in the same period of 2018 (187 units) at a median price of S$3.25 million and 201 units in 2019 w…