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‘URA and HDB should study this trend and its implications for the floor areas of future HDB and private flats.’

‘URA and HDB should study this trend and its implications for the floor areas of future HDB and private flats.’

MR LOO FOOK KAY: ‘The growing trend of shoebox apartments is the result of growth of income lagging behind the growth of assets like real estate (‘Buyers pounce on ‘mickey mouse’ flats‘, Sunday). URA and HDB should study this trend and its implications for the floor areas of future HDB and private flats. In my opinion, shoebox apartments are a sign of prosperity plus inflation in real estate prices. Other shoebox cities like Hong Kong and Tokyo are all prosperous.’

Source : Straits Times – 23 Oct 2009

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