Mickey Mouse Condo Market Booming
Be it Phuket, Bangkok, or Singapore the Asian urban train of 'smaller is better' condos is plunging full steam ahead. Combine small floor areas from 20 to 50 square meters, tall buildings with critical mass and this equates to low entry point property units in what is being called the “Mickey Mouse” market.
In Bangkok, a growing trend is to see these built in proximity to the MTR and BTS network; while in Phuket city (or town, depending on your preference) a growing number of units coming in at THB 2-3 million mark are rapidly coming up.
In Singapore the market is seeing similar traction, as a increasing preference for CBD locations and younger buyers who are mostly single are fueling the growth.