According to the study 66% of HDB home owners purchased apartments units with less than 100 sq m in the first quarter of 2015, higher than 62% in the last three months of 2014. A total of 913 apartment units were bought in the first quarter by buyers with HDB addresses, approximate 36% were priced ranging from about $750,000 to $1.05 million.
On the other part, property home buyes in a private addresses were purchasing much bigger homes, with median size up by 6.8% to 110 sq m during the same period of time.
It shows that private home market continued to slow, decreasing about 27% with 2,120 transactions on a quarterly basis.
Sales for both primary and secondary property markets are expected to improved in this quarter, seeing that Singapore market is increasing accustomed to the Total Debt Servicing Ratio (TDSR) framework and various cooling measures.
Despite imposing higher stamp duty in buying properties in Singapore, foreign property investors stays to be drawn to Singapore property with its infrastructure, political stability, security and high education standards, according to media reports.