shoeboxmickeymousehouse

2010 oct 3 Leasing out a shoebox flat While Mickey Mouse flats may be relatively affordable, buyers should be aware that rents depend on location and proximity to amenities By Joyce Teo While buyers are paying more for shoebox apartments, rental projections at the launch may not always pan out. Buying a shoebox apartment for lease sounds like a very attractive proposition because such units are relatively more affordable. But investors should know what to expect because not everyone will want to rent such small units, experts said. A record number of these small-format homes - also known as Mickey Mouse flats - have been sold in the first three quarters of the year, and at higher and higher prices. The sale of 906 apartments of 500 sq ft and below in that period is 84 per cent higher than that in the same period last year, said CBRE Research, citing URA Realis. This has also exceeded the full-year sale of 722 units last year, it said. Median prices of such homes have ri