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Hi, I would like to know in a property downturn, will price for bigger unit say 1500sq ft fall at a faster rate than smaller unit say 1250 sqft and below? it seems to me that smaller unit tends to rise faster than bigger ones in a upward trend and wonder whether this applies to the downward trend? Tks!
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1 Answer

Mike Lim
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Evening,

In my personal view, home buyers have bigger risk appetite during upturn, hence allowing COV to raise. This will in-turn bring up the selling price of properties.

During downturn, most people prefer liquidity. Hence those who are staying in biger sized property would choose to cash out and downgrade. But the genera buyers would also be in the same shoes, which result in price drop for bigger sized property. As at this moment, 3 to 4 room flat are good against downturn, if your family size ain't too big for such units.

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Mike Lim
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