shoeboxmickeymousehouse

2010 sep 14 http://www.h88.com.sg/article/Mickey+Mouse+condos+distorting+prices/ Sales for 'Mickey Mouse' or shoebox apartments have skyrocketed, which is a good thing for developers, but analysts are saying that these sub-500sqft studios are keeping prices above $1,000 psf. Just look at the numbers. The median price quantum of private homes sold by developers has fallen from about $1.4 million in April this year to $1.1 million in July yet the median psf prices have hovered above $1,000 psf for most months this year. Many such shoebox condo projects, such as Siglap V, Parc Elegance, Suites @ Katong, Parc Somme, Centra Studios, La Brisa and Casa Aerata, have been selling very well since April. Could it be that these small apartments are driving up the median psf of certain districts, creating an illusion of increasing prices? Here are some shoebox apartment projects and their average prices, if you’re interested: Siglap V: Located across Siglap Centre, this condo saw three...

2010 sep 14 http://lushhomemedia.com/2010/09/13/shoe-box-units-shrink-median-price-of-developers-sales/ Increase in transactions of small units keeping prices above $1,000 psf Small unit size is not only the new popular; it’s also what has skewed per square foot (psf) prices upwards in recent time. The median price quantum of developer sales has dropped from about $1.4 million in April this year to $1.2 million in May and June and $1.1 million in July – but median psf prices have hovered above $1,000 psf for most of this year. Also, the median unit size of new homes sold has shrunk to below 110 square metres (1,184 sq ft) since April this year – after staying at or above this size for most of the preceding 12 months, according to caveats of developer sales since January 2007 based on URA Realis data captured as at Aug 25. CBRE executive director Li Hiaw Ho said that the figures could be due to an increasing number of caveats lodged for ‘small-format’ or ‘shoebox’ apartments from pr...