Skip to main content

Posts

Showing posts from July, 2010

Mickey Mouse Flats Still a Hit

2010 jul 14 http://www.propertyguru.com.sg/property-management-news/2010/7/28201/mickey-mouse-flats-still-a-hit Sales have remained strong for the so-called Mickey Mouse flats or those that measure 500 sq ft or less. Credo Real Estate said transactions of these units accounted for 9.5 percent of total transactions in the first half of 2010, a three percent increase over the same period in 2009. However, analysts are divided on whether demand for Mickey Mouse units can be sustained. Shoebox living in 500 sq ft units or below has become a hot topic within the property circles. Experts said these units have become popular due to their lower price quantum, making them affordable to expatriates and young professionals. Mickey Mouse flats are also likely to be located in the prime districts, luring homebuyers with their attractive location. Pricing of these units in the CBD area could start from S$1,800 psf to S$2,000 psf, while those located outside the CBD area could range fr