Skip to main content

Why shoebox apartments are still popular

2011 mar 25
http://www.h88.com.sg/article/Why+shoebox+apartments+are+still+popular/

Ever since the trend for shoebox or Mickey Mouse apartments started way back in 2009, they are still popular as their sales are still going strong. But why? Read on to find out.
Experts have found out that with each round of cooling measures, the volume of smaller units transacted has increased. And most buyers are getting units that are going under $800,000.


Why? Because of the current 60% loan-to-valuation for investors buying a second unit means that more cash needs to be put upfront. Smaller units have a smaller total price, hence the strong demand from investors. This obviously is resulting in an increase in the prices of such units (as well as the resulting price per square foot)

Analysts are saying that because of this increase in the PSF, it is actually distorting the URA's property price index.

With demand so high, more shoebox units will be developed, like Skysuites 17 and Devonshire Residences.

via Business Times - Tight fit as homebuyers think small.

Comments

Post a Comment

Popular posts from this blog

BBFA Singles Property DIY B.A.N.T.E.R Guide

BBFA Singles Property DIY B.A.N.T.E.R Guide   The BBFA (Bold Beautiful Forever Awesome) singles property DIY B.A.N.T.E.R guide is written for us fabulous ones who prefer a hands-on approach to a sustainable life. In our world today, resources are depleting and wastage is sinful. In creating this guide, our principle is simple:   - If I can do it, don't get someone else to do it. - If someone has already done a decent job, don't waste or duplicate the effort. - If there is no real value creation, don't do it. Disclaimers: *All facts and figures are accurate as at time of writing (19 September 2024). *All screenshot graphics and tables are copyright of their original authors.   1. B UDGET Before all else, check your finances and derive a budget for your property. Ballpark is fine provided you have buffer savings or accounts in Bank Of Ahpa-ahma. Downpayment 25% (HDB flat taking HDB loan) can use CPF 25% (HDB flat/private property on bank loan) of which 5...
1 comment
Read more

More sellers selling under Seller's Stamp Duty | The Edge Property Singapore

http://www.theedgeproperty.com.sg/content/more-sellers-selling-under-sellers-stamp-duty?utm_source=Newsletter&utm_medium=Email&utm_campaign=EDM%2021.12.15%20-%20Cover%20Story More sellers selling under Seller's Stamp Duty By Esther Hoon, Lin Zhiqin | December 18, 2015 10:43 AM MYT Tags:  Cover Story Seller's Stamp Duty Parc Rosewood A Treasure Trove Ripple Bay Reflections at Keppel Bay The Minton Four Seasons Park Guillemard Edge Casa Cambio Sellers are letting go of their properties, even if they have to incur seller's stamp duty. However, they generally wait until the SSD falls to 4% in the fourth year of purchase. Based on the latest revision of the SSD measure, homeowners who purchased their houses on or after Jan 14, 2011 and resold them within four years of the date of purchase are required to pay SSD. The SSD rates vary with the holding period, at 16%, 12%, 8% and 4% within the first, second, third and fourth years from the date of purchase respective...
Post a Comment
Read more