Fret not over that shrinking private home

PRIVATE homes in Singapore are getting smaller. But, fret not, sound reasons drive shrinking home sizes and smaller spaces need not result in poorer living conditions.

Data collated for The Business Times by PropertyGuru showed the median floor area of three-bedroom condominium units falling over four decades. Based on the year that their Temporary Occupation Permits were obtained, median floor areas have fallen from around 1,700-1,800 square feet (sq ft) in the 1980s, to just below 1,500 sq ft in the 1990s, to around 1,000 sq ft from 2018.

New condominium launches may feature three-bedroom units that are about 900 sq ft and two-bedroom units under 700 sq ft.