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Nov 8, 2009
The penthouse squeeze <!--10 min-->
They were bungalows in the sky once; now penthouses can be smaller than 800 sq ft <!-- headline one : start --> <!-- headline one : end --> <!-- Author --> <!-- show image if available --> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr></tr> <tr> </tr> <tr> </tr> <tr> </tr> <tr><td colspan="2" class="padlrt8 georgia11 darkgrey bold">By Joyce Teo, Property Correspondent </td></tr> <tr valign="bottom"> <td width="330">
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-- ST ILLUSTRATION: CHEE CHEW
</td></tr> </tbody></table> <!-- START OF : div id="storytext"-->
MENTION penthouses and one immediately thinks of big, luxurious bungalows in the sky, with wraparound views and a multimillion- dollar price tag. But these days they can be as small as 800 sq ft or less. These penthouses have come on the market along with mostly yet-to-be-completed developments featuring 'mickey mouse' apartments of 500 sq ft or less. There is no market data on the number of these small penthouses but a survey of some recent projects with small units shows they are not uncommon. At the recently released five- storey, 40-unit City Loft project near Farrer Park MRT station, the two-bedroom penthouses are 743 to 904 sq ft in size. Another recent launch Suites@Guillemard - with units as small as 258 sq ft - has penthouses of 797 to 1,109 sq ft. Some sales were done around a median level of $1,250 psf.
Nov 8, 2009
The penthouse squeeze <!--10 min-->
They were bungalows in the sky once; now penthouses can be smaller than 800 sq ft <!-- headline one : start --> <!-- headline one : end --> <!-- Author --> <!-- show image if available --> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr></tr> <tr> </tr> <tr> </tr> <tr> </tr> <tr><td colspan="2" class="padlrt8 georgia11 darkgrey bold">By Joyce Teo, Property Correspondent </td></tr> <tr valign="bottom"> <td width="330">
</td> <td width="10">
-- ST ILLUSTRATION: CHEE CHEW
</td></tr> </tbody></table> <!-- START OF : div id="storytext"-->
MENTION penthouses and one immediately thinks of big, luxurious bungalows in the sky, with wraparound views and a multimillion- dollar price tag. But these days they can be as small as 800 sq ft or less. These penthouses have come on the market along with mostly yet-to-be-completed developments featuring 'mickey mouse' apartments of 500 sq ft or less. There is no market data on the number of these small penthouses but a survey of some recent projects with small units shows they are not uncommon. At the recently released five- storey, 40-unit City Loft project near Farrer Park MRT station, the two-bedroom penthouses are 743 to 904 sq ft in size. Another recent launch Suites@Guillemard - with units as small as 258 sq ft - has penthouses of 797 to 1,109 sq ft. Some sales were done around a median level of $1,250 psf.
