It's all about the shoeboxes...

By The Folks @PropTalk - July 29, 2011 No Comments

Over the past 2 years, shoebox units have been increasing in popularity. They usually achieved the highest psf prices compared to bigger units within any project and are also becoming more expensive.

Here are solid numbers to substantiate those claims:

Despite the continual popularity of such smallish units, here's a caveat by Credo Real Estate executive director Ong Teck Hui: "A lot of people are buying shoebox units because they are a more bite-sized investment. However, whether these apartments can fetch the yields some of these buyers expect remains to be seen, especially in suburban locations."
Source: The Business Times

Have a great weekend, everyone!


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