Chart of the Day: See the curious case of Singapore’s steadily shrinking homes

New home median size is down by almost 40%.

New homes in Singapore are getting smaller and smaller as developers strive to keep their projects affordable in this land-scarce republic.

UOB revealed in a report that the median size of new homes has fallen by around 40% over the past 6 years, with the average size of a 3-bedroom unit now less than 800sf--or smaller than a 4-room HDB flat.

Developers appear to be keeping their projects small to keep up with the sharp 45% increase in per square foot (psf) prices.

Although psf prices have surged, smaller units mean that most units are still priced within the $1m range, which is the “sweet spot” for most buyers.

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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