Wednesday, March 21, 2012

3-bedroom condo unit at 635 sq ft: A new low?

Straits Times: Wed, Mar 21
'HONEY, I shrunk the house,' could well be the tagline for a new, swanky condominium in Bukit Batok. A three-bedder at Natura at Hillview Terrace, a joint venture between Roxy-Pacific Holdings and Macly Group, measures just 635 sq ft.

That is smaller than a squash court and slightly bigger than five HDB carpark spaces. Real estate consultants said a typical three-bedroom apartment occupies 1,000 to 1,500 sq ft of space.

Market watchers said Roxy-Pacific appears to be setting a trend as far as shrinking three-bedroom units is concerned.

They noted that another of the company's projects, Treescape in Telok Kurau, also features micro three-bedders which start from 603 sq ft. All 32 units have been sold since the project was launched, of which 25 units were sold last month at a median price of $1,401 per sq ft.

But unlike Treescape, which is a boutique development, Natura is a full facilities condominium with 193 units.

It is unheard-of for a mass market project here to have three-bedroom units of such a compact size.

Mr Ken Yeo, projects director of Macly Group, has defended the size of the apartments.

'We've designed the building in such a way that the wall can be taken out, so that you can open up the living room to be of a bigger space. That's what we mean by 'efficiently designed',' he said...

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