Let me tell you a heartwarming story about property, trust, and losing $590,000. 

All because you thought you were buying a shop and instead bought air in the shape of an invisible trapezoid. A beauty salon owner recently sued her agent over a commercial unit in D’Leedon, which was advertised as 818 sq ft. Problem is, she only got 619 sq ft of usable space. The rest of the space came from the top of the unit, which was wider than the base because of the sloping walls.

Which, incidentally, makes me wonder how they worked out the square footage of the Art Science Museum, because the attempt alone must have broken three calculators. But the point is, square footage can get both expensive and annoying; and in case you’re wondering, the poor shop owner didn’t win.

It seems that legally, the agent wasn’t at fault, no more than the buyer. They were both “jointly misled” by this geometric magic trick. And yet I can’t help but notice that only one party in this dispute lost the equivalent of an S-Class Mercedes. 

The challenge for many buyers today isn't access to information.

It's interpreting that information in a way that makes sense for their finances, goals, and stage of life.

Over time, that's also why we decided to work with agents who shared the same data-driven and advisory-led approach behind our editorial, consultants who could help readers think through decisions more objectively, rather than simply push transactions.

Today, the team has worked with more than 2,000 clients across over $5B in property transactions.

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But don’t let the issue in commercial units blind you to the one we’re facing in residential. 

In 2023, Singapore launched GFA Harmonisation, also widely regarded as a sort of War on Developer Margins. Here’s the basic idea:

  • Old condos? You paid for planter boxes, air-con ledges, void space, and other areas you couldn’t use unless you squeezed in with your local crows. 
  • New condos? Nope. Only real, usable floor area counts now, and that’s all you pay for. 

👏 That’s 👏 good 👏 right?

Except for two things: first, we keep having to explain to all newcomers to the market (and even some veterans) why a new, post-harmonisation, 850 sq ft condo unit is in fact the same as a 1,000 sq ft resale condo 500 metres down the road. 

In general, condo buyers are already irritated about 2025 prices, and are naturally guarded. So when I try to explain the pre-harmonisation condos’ Price Per Square Fantasy to them, I look like a pig-butchering scammer who just wants to push a new launch. 

But that isn’t the end of the issue. Property is an industry that moves with the speed of a really tired clam, so don’t expect instant updates to old floor plans. Now, when you want to compare anything to an older condo (especially a new launch), you’re just going to have to disbelieve $PSF. 

Use your own eyes to check if double-beds can really fit every bedroom of that supposedly 1,600+ sq ft condo, even if it has bay windows the RSAF could land a Chinook on. Check out the air-con ledge, and avoid if it could comfortably host a Sumo match. Buyers now have to look beyond alleged square footage, and compare in more direct ways (bring a tape measure on viewings if you have to.) 

One exception: deceptive square footage doesn’t usually apply to properties before the 2000s. If you’re looking at a project that was built when The Simpsons were still edgy, it’s mostly safe: it existed before developers were incentivised to use tricks like big bay windows. In that case, the gigantic square footage is often real; but sometimes still squandered on balconies big enough to hold a decently profitable rice farm. 

I’m looking at you, ‘80s era terrace condos.

Meanwhile in other property news…

  • Springleaf versus Faber Walk: which GLS site is better, the one with MRT access, or the one within enrolment range to Nan Hua Primary?
  • HDB’s two and three-room showflats: good reno and layout ideas, or still too squeezy?
  • Buying property in Malaysia? Here are a few restrictions you need to be ready for.
  • Rivergate is a benchmark condo and a seemingly unstoppable ROI juggernaut, despite its age. Here’s a deep dive as to why, for Stacked Pro. 

Weekly Sales Roundup (09 June - 15 June)

Top 5 Most Expensive New Sales (By Project)

PROJECT NAMEPRICE S$AREA (SQFT)$PSFTENURE
IRWELL HILL RESIDENCES$7,800,0002605$2,99499 yrs (2020)
CANNINGHILL PIERS$7,584,0002788$2,72099 yrs (2021)
TEMBUSU GRAND$4,124,0001711$2,41099 yrs (2022)
PULLMAN RESIDENCES NEWTON$4,100,0001378$2,976FH
ONE MARINA GARDENS$3,761,1101238$3,03899 yrs (2023)

Top 5 Cheapest New Sales (By Project)

PROJECT NAMEPRICE S$AREA (SQFT)$PSFTENURE
ONE MARINA GARDENS$1,234,281420$2,94099 yrs (2023)
NOVO PLACE$1,388,000872$1,59299 yrs (2023)
LUMINA GRAND$1,401,000936$1,49699 yrs (2022)
NORTH GAIA$1,403,000980$1,43299 yrs (2021)
NOVO PLACE$1,440,000883$1,63199 yrs (2023)

Top 5 Most Expensive Resale

PROJECT NAMEPRICE S$AREA (SQFT)$PSFTENURE
THE ORCHARD RESIDENCES$7,700,0002465$3,12499 yrs (2006)
RIVERGATE$5,900,0002077$2,840FH
THE GLYNDEBOURNE$5,528,8882508$2,204FH
RIVERGATE$5,060,0001722$2,938FH
THE BEAUMONT$4,880,0001948$2,505FH

Top 5 Cheapest Resale

PROJECT NAMEPRICE S$AREA (SQFT)$PSFTENURE
HEDGES PARK CONDOMINIUM$670,000484$1,38399 yrs (2010)
SEASTRAND$765,000592$1,29299 yrs (2011)
THE TAPESTRY$825,000474$1,74299 yrs (2017)
COCO PALMS$850,000463$1,83699 yrs (2008)
ECHELON$905,888452$2,00499 yrs (2012)

Top 5 Biggest Winners

PROJECT NAMEPRICE S$AREA (SQFT)$PSFRETURNSHOLDING PERIOD
THOMSON 800$3,218,0001625$1,980$2,395,00019 Years
OCEAN PARK$2,800,0001302$2,150$1,840,00024 Years
RIVERGATE$5,900,0002077$2,840$1,790,00012 Years
THE BEAUMONT$4,880,0001948$2,505$1,700,00016 Years
HAIG COURT$2,988,8881442$2,072$1,699,00015 Years

Top 5 Biggest Losers

PROJECT NAMEPRICE S$AREA (SQFT)$PSFRETURNSHOLDING PERIOD
MARINA ONE RESIDENCES$2,400,0001141$2,103-$195,7758 Years
SOPHIA HILLS$1,132,500570$1,985-$164,5007 Years
ECHELON$905,888452$2,004-$91,23212 Years
THE PLAZA$980,000807$1,214-$65,0003 Years
ESPADA$1,240,000560$2,215-$10,0007 Years

Transaction Breakdown

Type Of Sale (Proportion) NEWSLETTER

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