Is the land size bigger and the price per square foot cheaper

In the context of Singapore's real estate market, the relationship between land size and property value is complex and influenced by several factors.

Generally, the concept of "plattage" applies, which suggests a negative relationship between parcel size and price per unit area. This means that smaller land parcels, especially those in prime locations, can command a higher price per square foot compared to larger parcels. This is because land scarcity in Singapore drives up the value of smaller, well-located plots.

For non-landed housing sites, such as condominiums, the density and plot ratio play significant roles. Smaller units in high-density areas, particularly those with modern amenities and convenient locations, may attract a premium price despite the smaller land size. This is due to the high demand for such properties and the limited availability of land in Singapore.

In contrast, larger land parcels, while potentially offering more space, may not necessarily be cheaper on a per square foot basis if they are located in less desirable areas or have other limiting factors such as zoning restrictions or lower demand.

Therefore, in Singapore, a bigger land size does not always translate to a cheaper price per square foot, as the value is heavily influenced by factors like location, density, and government regulations on land use.