New sales of condos below 500 sq feet rose to 15.1percent this quarter, compared to 13.6percent in Q2 2019. Condos involving 700 sq feet and 1,000 sq feet also increased from 30.3percent to 33.5percent in the same interval
Given their affordable price quantum, smaller condos — or even people measuring under 1,000 square feet (sq feet ) — made up 81.7percent of total new sales from the next quarter of 2019, reported Singapore Business Review mentioning Edmund Tie Research.
The percentage of condo sales measuring less than 500 sq feet rose from 13.6percent in Q2 to 15.1percent in Q3, while people measuring between 700 sq feet and 1,000 sq feet increased from 30.3percent to 33.5 percent. The percentage of all other unit dimensions, however, dropped.
Therefore, there was a larger share of units priced under $1.5 million.