{"id":100913,"date":"2018-11-05T10:04:18","date_gmt":"2018-11-05T03:04:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-home-resales-hit-10-year-high-in-2017\/"},"modified":"2018-11-05T11:03:02","modified_gmt":"2018-11-05T04:03:02","slug":"small-home-resales-hit-10-year-high-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-home-resales-hit-10-year-high-in-2017\/","title":{"rendered":"Small home resales hit 10-year high in 2017"},"content":{"rendered":"


\nSales of resale homes measuring from 500 to 800 sq ft hit a 10-year high of 1,466 units in 2017.
\nSales of small private condos slowly but steadily increased between 2014 and 2017, reported the Business Times, citing newly published research from OrangeTee & Tie.
\nThe study found that sales of apartments measuring from 500 sq ft to 800 sq ft, which is approximately the size of two-bedroom homes, hit a four-year high of 3,443 units in 2017 compared to under 3,000 units in 2014.
\nMore: Developers May Need To Rethink Pricing Amidst New Shoebox Rule
\nHowever, the rate of increase is slower compared to what was seen in 2008 to 2012, when sales of such units spiked from 710 to 5,833 respectively. Nonetheless, resales of small private condos measuring from 500 to 800 sq ft reached its highest level in 10 years, with 1,466 units changing hands in 2017.
\n\u201cSmall apartments will remain popular among investors and young couples due to their price affordability and potentially attractive yields,\u201d said OrangeTee & Tie\u2019s research head Christine Sun.
\nOn the other hand, sales of new apartments smaller than 500 sq ft hovered slightly over 1,000 units from 2014 to 2017. In comparison, sales of such homes sharply increased from 275 units in 2008 to 2,709 units in 2012, before falling in 2013 due to the introduction of the Total Debt Servicing Ratio (TDSR) framework.
\nOrangeTee\u2019s research comes as the Urban Redevelopment Authority (URA) increased the average unit size for new non-landed residential projects outside Singapore\u2019s central region from 70 sq m to either 85 sq m (approx. 915 sq ft) or 100 sq m (approx. 1,076 sq ft). The new average size will take effect for development applications submitted starting on 17 January 2019.
\nAs such the property consultancy believes that sales of smaller private condos could rise in future as the supply of homes measuring 800 sq ft will drop due to the new rule.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Small home resales hit 10-year high in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sales of resale homes measuring from 500 to 800 sq ft hit a 10-year high...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100913","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qfD","jetpack-related-posts":[{"id":112625,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-condos-the-bulk-of-new-sales-in-q3\/","url_meta":{"origin":100913,"position":0},"title":"Smaller condos the bulk of new sales in Q3","date":"November 25, 2019","format":false,"excerpt":"\r New sales of condominiums below 500 sq ft rose to 15.1% this quarter, compared to 13.6% in Q2 2019. Condos between 700 sq ft and 1,000 sq ft also increased from 30.3% to 33.5% in the same period Given their more affordable price quantum, smaller condos \u2013 or those\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/higher-prices-or-not-these-new-condo-units-are-moving-fast\/","url_meta":{"origin":100913,"position":1},"title":"Higher Prices Or Not, These New Condo Units Are Moving Fast","date":"August 23, 2019","format":false,"excerpt":"\r Some private residential projects in Singapore continued to post decent sales rate even as they come with higher unit price and quantum, said Knight Frank. Amber Park sold the highest number of units in the second quarter of 2019, with 157 units sold at an average price of $2,480\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propnex-positive-of-private-home-markets-long-term-outlook\/","url_meta":{"origin":100913,"position":2},"title":"PropNex positive of private home market\u2019s long-term outlook","date":"June 30, 2020","format":false,"excerpt":"\r The real estate firm noted that the month-on-month rebound in new home sales in May and the return of homebuyers to acquire units during Phase 2 of the circuit breaker is \u201ca potential sign of underlying demand, particularly for strategically-priced units\u201d. Real estate firm PropNex expects homebuyers \u2013 especially\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-holland-village-residences-set-to-launch-on-30-november\/","url_meta":{"origin":100913,"position":3},"title":"One Holland Village Residences set to launch on 30 November","date":"November 28, 2019","format":false,"excerpt":"\r The mixed-use development consists of 296 residential units, 255 serviced apartment units, as well as commercial units. Photo: Ogilvy Far East Organization, along with its joint venture partners Sino Group and Sekisui House, will launch One Holland Village Residences this Saturday (30 November). With a total site area of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-most-searched-condos-for-sale-in-may\/","url_meta":{"origin":100913,"position":4},"title":"5 most searched condos for sale in May","date":"June 12, 2018","format":false,"excerpt":"\r The prestigious Marina One integrated development features luxury residences, Grade A offices and 140,000 sq ft of retail space. (Photo: M+S Pte Ltd) A 65,000 sq ft biodiversity garden, Singapore\u2019s longest man-made river and kitchenware designed by Porsche. 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