Two-Bedroom Units Lead the Way: What New Launches Are Telling Us About Buyer Priorities
ARTICLE
In Singapore’s ever-evolving real estate landscape, one trend has remained remarkably consistent: the rising demand for well-designed two-bedroom condominium units. Despite assumptions that the pandemic would drive families toward larger homes to support remote work and learning, data tells a different story.
According to the Department of Statistics Singapore (DOS), the average size of resale condo units has actually decreased, from 1,223 sq ft in 2020 to 1,100 sq ft in 2023. This coincides with the decline in average household sizes, falling from 3.5 persons in 2010 to 3.09 in 2023.
This demographic shift, coupled with affordability concerns, is steering more buyers toward two-bedroom units — properties that strike a balance between space, functionality, and investment appeal.
📊 Infographic: Key Reasons Why Two-Bedroom Units Remain Popular
✅ Ideal for Modern Households
• Perfect for 3- to 4-person families
• Supports work-from-home with flexible layouts
✅ Affordability Meets Functionality
• Smaller total cost vs. 3-bedder
• Attractive entry point for owner-occupiers and investors
✅ Investor Appeal
• Broader tenant pool than 1-bedrooms
• Higher average rent: $4.94 psf/month vs. $4.77 psf/month (overall average)
✅ Sold Out Fast in Top Projects
• PARKTOWN Residence, Elta, and Bloomsbury Residences saw two-bedders lead in take-up rates
🏗️ Case Studies: Recent Launches Underscore the Trend
🟧 PARKTOWN Residence (Tampines, D18)
• 87% take-up rate at launch
• 586 two-bedroom units (49% of total)
• All two-bedroom units sold out
• Sold at average: $2,405 psf
• Two-bedroom+study units: 764 sq ft, enclosed study next to bathroom
🟦 Elta (Clementi Ave 1, D5)
• 328 of 501 units sold
• Two-bedroom take-up: 97.8% (175 of 179 units sold)
• Sizes range: 614–807 sq ft, average price: $2,552 psf
• 807 sq ft layout includes enclosed study nook
🟩 Bloomsbury Residences (Media Circle, D5)
• 25.1% take-up at launch
• Two-bedroom units made up ~70% of units sold
• 190 two-bedroom units (53.1% of development)
• Sizes: 570–689 sq ft, prices: $1.346M–$1.688M
• Most popular layout (B4) includes an open-concept study opposite kitchen
• Flexibility allows for enclosed home office or dining space
🌍 Location Matters: Why D5 Is Catching Buyers’ Eyes
📍 Bloomsbury Residences sits in the one-north precinct – a growing live-work-play hub
• Close to Mediapolis, INSEAD, Fusionopolis
• Near Holland Village, Fairfield Methodist, ACS(I), NUS
• D5 resale prices up 44.5% since 2020, outperforming 36.9% islandwide
• Yet still below average: $1,667 psf (D5) vs $1,709 psf (islandwide)
✅ Key Takeaways
✅ Average household sizes are shrinking, leading to lower demand for large homes
✅ Two-bedroom units are the sweet spot between size, price, and utility
✅ All three major launches this year – PARKTOWN, Elta, and Bloomsbury – show strong two-bedder demand
✅ Layouts with flexible or enclosed studies add value and long-term liveability
✅ District 5 is emerging as a hotspot, offering strong appreciation potential and good schools nearby
📞 Looking for the right two-bedroom unit — for your own stay or investment?
Let’s walk you through floor plans, price trends, and availability before the next launch wave.
👉 Message us today to schedule a private viewing or virtual walkthrough!
Source
EdgeProp | Two-bedroom condo units remain popular among buyers