Developers offering small units gain from a higher per-sq-ft price, but what about buyers?
Property players seem to have gone flat-out in a race to offer smaller and smaller units these days .
The foundation of this trend is mainly in the mass-market and mid-tier projects. However, upmarket developments downtown such as The Sail@Marina Bay, One Shenton and Icon have also made room for units that are smaller than 700 sq ft each.
Colliers International executive director Ho Eng Joo said developers find it commercially viable to build smaller units because of the higher profit margins.
More units can be packed within the space, and can be sold at a higher per-sq-ft price.
But since absolute sums for the smaller apartments are still relatively affordable compared to bigger units, the prices may still seem like a good deal for buyers. Continue reading
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