Smaller-sized units have remained popular, despite the proportion of buyers declining to 33 percent in January this year.
Based on the new-sale caveats lodged since January 2010, DBS found that the proportion of buyers who purchased smaller flats of less than 800 sq ft in size rose to 34 percent in December last year from 24 percent in the first half of 2010, before declining to 33 percent in January this year.
While this could be a move on the developers’ part to make their units more affordable, DBS questioned the sustainability of the demand in the longer term.
In addition, the Urban Redevelopment Authority’s (URA) stricter show flat requirements could also be targeting smaller flats.