May 10, 2010 - PropertyGuru.com.sg
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The robust sales of small apartments – Mickey Mouse flats – has continued through the year.Based on caveats lodged with the Urban Redevelopment Authority's Realis system, 696 flats of 500 sq ft or less in size were sold in 2009 – the highest level since such records started in 1995.
Buyer interest remains strong with 533 units of 800 sq ft or less sold from January to April 2010. About 23 percent of the 2,300 caveats lodged since Friday accounted for the total number of flats of 800 sq ft or less in the primary residential market, said CBRE.
Mr. Joseph Tan, residential executive director of CBRE, said: “What started as a notable trend in 2009 appears to have caught on in the early part of 2010.”
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Reader Comments: (5 comments)
as long as there is demand, developers will continue developing such type of homes. there's nothing wrong with that, its cute!
like it or not, these mickey mouse flats are here to stay, offering options to some buyers.
i strongly believe that this units will continue to see demand. smart developers...have enticed homebuyers with what they really look for.
i think it is hard to say if this trend of flats will be sustained in the long term
Property developers have been marketing smaller flats these days because they claim they are more "AFFORDABLE", but actually they are NOT, and in fact, represent poor value