The robust sales of small apartments – Mickey Mouse flats – has continued through the year.
Based on caveats lodged with the Urban Redevelopment Authority’s Realis system, 696 flats of 500 sq ft or less in size were sold in 2009 – the highest level since such records started in 1995.
Units ranging between 500 sq ft and 800 sq ft hit 1,285 sales last year, according to property firm CBRE.
Buyer interest remains strong with 533 units of 800 sq ft or less sold from January to April 2010. About 23 percent of the 2,300 caveats lodged since Friday accounted for the total number of flats of 800 sq ft or less in the primary residential market, said CBRE.
Mr. Joseph Tan, residential executive director of CBRE, said: “What started as a notable trend in 2009 appears to have caught on in the early part of 2010.”