SINGAPORE, Jan. 31 -- New condominiums in Singapore have been shrinking over the past 15 years, a trend analysts attribute to developers adapting to loan curbs, property cooling measures, and changing demographic needs.
Straits Times cited global commercial real estate services firm Cushman & Wakefield saying the median size of new non-landed private homes fell by 10.6 per cent from 1,012 sq ft in 2010 to 904 sq ft in 2024.
"Even though some developments have smaller kitchens, living and dining areas, their layout is designed to overlap, allowing for flexible and interchangeable use.
"For instance, the kitchen space can be converted into dining space, should they require more space for hosting," said Marcus Chu, the chief executive of re...