[SINGAPORE] At least 8,700 shoebox
 units are expected to hit the resale
 market between now and 2017, as the
 Seller's Stamp Duty (SSD) lock-in period
 approaches expiry. While this figure is
 more than double the current completed shoebox residential stock of 3,472 units,
 signs in the market suggest that demand
 for such resale units remains relatively
 resilient amid a slow-moving overall
 resale market. This figure, revealed in the latest report
 from the Singapore Real Estate
 Exchange (SRX), is predicated on a first
 wave of at least 805 resale units -
 comprising units bought between Aug 30,
 2010 and Jan 13, 2011 - and a second wave of at least 7,910 units entering the
 market from 2015 to 2017. It also assumed that the first wave of
 units would be sold in the fourth year of
 acquisition, which attracts a 4 per cent
 SSD. This is a reasonable assumption given
 that these units have, on average,
 achieved capital gains of around 30 per
 cent over the three-year SSD lock-in...