Skip to main content

The rise and rise of shoebox units

2012 sep 13
http://www.rmi.nus.edu.sg/aboutus/_files/rminews/The_rise_and_rise_of_shoebox_units.pdf (click to read report)

LAST week, the Government announced new rules to cap the supply of so-called "shoebox" units - tiny residential units - in the market. The move suggests some discomfort with the proliferation of such units in recent years. The Government projects an increase in the number of shoebox apartments from the current 2,400 to 11,000 by 2015.

But why has this sub-sector of the housing market boomed? And what are the issues that arise if more such units are built?

The recent mushrooming of shoebox apartments has raised some concerns about the liveability and sustainability of such apartments, which generally refer to units having a gross floor area of less than 50 sq m.

Are shoebox units inhumane?

Comments

Popular posts from this blog

Condo developers are downsizing units: report - Property Auctions News, Property Investment | PropertyGuru

http://www.propertyguru.com.sg/property-management-news/2014/4/37715/Condo%20developers%20are%20downsizing%20units:%20report?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-29Apr2014&utm_content=links Property developers are building smaller condo units as they compete to keep prices affordable amid tougher market conditions and the government's loan curbs, revealed a Knight Frank study reported in the media. “It appears that there is a reduction in the variety of size ranges since the implementation of the Total Debt Servicing Ratio (TDSR) framework,” said Alice Tan, Research Head at Knight Frank. For instance, five-bedders shrank the most with average sizes of the biggest units dropping from 2,035 sq ft to 1,569 sq ft, while the smallest units in this configuration shrank from 1,605 sq ft to 1,505 sq ft. The next most sizeable reduction was seen in two-bedders. The average size of the largest units decreased from 973 sq ft to 864 sq ft in a o...

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...