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Are shoebox residential units profitable?

2011 oct 25
- Ascendant Assets Pte Ltd: Are shoebox residential units profitable?

"Shoebox units are not an entirely new housing concept in Singapore. One of the first projects that had small sized units was People’s Park Complex (completed in 1972) and the smallest unit there is about 38sq m (about 409sq ft)..."

http://www.sisvrealink.com/articles/AscdAssets_ShoeboxResearch.pdf

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