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Showing posts from September, 2013

Shoeboxes helped Sky Vue sell well

Shoebox units help Sky Vue sell 85% of units launched Good response fuels hopes of pick-up in market sentiment By grace leong gleong@sph.com CAPITALAND'S reversal of its former CEO's stand against shoebox units appears to have paid off. The company, which is now led by Lim Ming Yan following the retirement of Liew Mun Leong, said the initial sales launch of Sky Vue at Bishan Central saw 430 units sold out of 505 units released for sale this past weekend. The strong response fuelled cautious hopes of a pick-up in market sentiment following several rounds of property cooling measures. The property giant sold 410 units at an average price of $1,500 per square foot (psf) on Saturday, the first day of sales, plus 20 more yesterday, with one- bedroom and two-bedroom units being the most popular. This compares with 90 units sold this past weekend at Thomson Three, bringing the total to 250 sold out of 320 units released to date, according to a UOL spoke...
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CapitaLand's not-so-small about turn

NEWS ANALYSIS CapitaLand's not-so-small about turn Developer relents in building shoebox units to appeal to cash-tight buyers Published on Sep 25, 2013 By Melissa Tan MARKET forces appear to have brought about a sea change at CapitaLand, whose former boss once famously decried shoebox units as being "almost inhuman". The giant developer is now building homes that are smaller than 500 sq ft - shoebox size, in other words - to lure buyers seeking lower total price quantums. Gone, too, are brand-name foreign designers for its residential projects. This departure is most clearly seen in its Sky Vue development in Bishan, which will be the true test of its new strategy when the project goes on sale this weekend. The 694-unit project includes units as small as 484 sq ft and is designed by a local firm, DCA Architects. That stands in stark contrast to Sky Vue's pricier next door neighbour Sky Habitat, which CapitaLand launched in April last year. The ...
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10 most expensive shoebox homes to rent in central region

From sbr. 10 most expensive shoebox private homes to rent in central region rent for as much as $3,400 a month. According to Square Foot Research, about three quarter of the estimated 150 projects comprising shoebox units are currently located in the Central Region. Out of the 50 projects completed since 2012, 38 of them are located in the Central Region whereas the remaining are located outside of the CentralRegion,it addded. Based on the total rental contracts signed in the past 6 quarters, Square Foot Research also said that the Central Region saw a higher rental take�up rate compared to Outside of Central Region. "The rental take�up rate for new projects with shoebox units in district 9 and 10 is strong. Vivace saw a 91% take�up rate based on the number of rental contracts signed versus the estimated number of shoebox units available," said Square Foot Research. The research firm also said that it is interesting to note that the number of rental contracts sig...
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Thomson 3

Pretty odd layout, though functional. Do they expect one to climb over or crawl under the sofa to access the bedroom?
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Shoebox units fuelling demand for rental homes

Buoyed by a surge in interest for shoebox apartments, rental demand for housing units remained strong in Q2, according to media reports. Based on data from Square Foot Research, rental contracts in the non-landed private residential market grew 11.6 percent from the previous year to 12,352 in the second quarter. In 1H2013, 22,937 rental contracts were secured, up 10.2 percent from a year ago. Despite having the lowest market share of 3.3 percent, shoebox units accounted for 26 percent of total rental growth from 1H2012 to 1H2013. Rentals for shoebox homes, which are defined as units measuring between 300 sq ft and 500 sq ft, soared 93 percent to 748 contracts in the first half of 2013.  The surge in interest is primarily attributed to new shoebox units being completed in 2H2012, which accounted for 55 percent of total shoebox demand during that period and 35 percent of total shoebox rental demand in 1H2013. Location was a major factor in the popularity of such homes, with shoebox u...
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Central Imperial

Sexy curves in Geylang.
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New launch 4xxk

For a light hearted Friday 13th... I googled "singapore new launch from 4xxk" and guess what I found? CDL  NEW launch  !!  4xxk  only !! 956yrs !! near Clementi MRT in  ... www.listings.sg/listings/24747.html Sep 6, 2009 -  HUNDRED TREES CONDO NEAR CLEMENTI MRT !!! (PREVIOUS HONG LEONG  ... New launch  condo Jupiter 18 Changi  4xxk 4xxk 4xxk  FOR  ... www.adpost.com › Singapore Sep 6, 2010 -  New launch  condo Jupiter 18 Changi  4xxk 4xxk 4xxk  FOR SALE in Singapore   ... Singapore  Property Listing - 4xx, 4xxk New Launch  Mins Farrer  ... www.isgproperty.sg/.../4xx- 4xxk - new - la ... Apr 16, 2010 -  somme road  Singapore  Price (S$): 460000. Available From: 2010-04-15. Listing Type:  ... Centra Studios @ District 14 - next to Aljunied MRT. from  4xxk   ... www.hotfrog.sg/.../Property Launch .../Ce... Jan 7, 2010 -  Brought to you by. Another  New Lau...
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Small in size but they could grow in demand

http://www.straitstimes.com/archive/...emand-20130907 SHOEBOX UNITS Small in size but they could grow in demand Rental yields rise in Q2; average prices climb 12.5% for suburban units Published on Sep 07, 2013 By Melissa Tan THE rental market for shoebox units seemed bleak a few months ago for Mr Aaron Wan, but those dark clouds seem to have lifted in recent weeks. "The rental market, honestly, had been quiet in recent months," said the 25-year-old tax consultant, who owns a 409 sq ft shoebox unit near Serangoon MRT station. But Mr Wan said that with recent measures such as curbs on permanent residents (PRs) buying Housing Board resale flats and mortgage restrictions having been introduced, "demand for small units should surge", and added: "I'm not worried." He expects to get a rental yield of at least 6 per cent on his apartment, which he bought for about $500,000 last year. Shoebox apartments - which are less than 50 sq m or about 540 sq ft each - ha...
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