, Singapore

Chart of the Day: Homes under 800 sqft make up most purchases in May

This points to investors entering the market to pick up smaller units.

This chart from Propnex research shows that in terms of sizes, homes that are under 800 sqft have garnered the most interest from buyers and investors with 67% in May. This is compared to 53% in January.

In particular, homes spanning 500 to 800 sqft were most popular in April and May, accounting for 62% and 54% of the total, respectively.

Meanwhile, sales units that are over 1,600 sqft dropped by 5 percentage points (ppt) to 2% in May from 7% in January.

This could point to some investors entering the market to pick up smaller units. It also indicated that buyers at large remain very price sensitive, buying less sizable units to keep overall quantum affordable.
 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley