shoeboxmickeymousehouse

http://www.propertyguru.com.sg/property-management-news/2014/12/76998/shoebox-units-surfacing-in-auctions Nine shoebox units were put up for mortgagee sale in 2014, according to a report by Colliers International. These small units at various locations such as Geylang, Woodlands, and Haig Road are generally priced below $1 million. Considering there were no mortgagee listings for shoebox units in the past four years, the report said this notable trend reflects the widespread effects of the cooling measures and tightened credit rules. Colliers International’s Director of Auction and Sales Annie Chan said, “Besides singles and couples with no kids, investors are also drawn to shoebox apartments due to their relatively-affordable price quantum.” However, investors who are servicing multiple loans may have faced difficulties in the increasingly-competitive leasing market. “As such, those who are unable to secure tenants or have been hard-pressed to accept...

http://www.propertyguru.com.sg/property-management-news/2014/12/78116/analysts-expect-shoebox-rents-to-drop-5-10- Property analysts expect rentals of shoebox apartments to fall by five to ten percent in the coming years, on the back of an expected increase in supply, reported the media. Notably, around 6,200 shoebox units are slated to be completed over the next two years. This is a record number compared to the yearly average of 3,000 units during the last decade, said property consultant SLP International. SLP noted shoebox units located near MRT stations or within the city centre would enjoy better rentals compared to others. “Those shoebox developments that are located away from the city or MRT stations, I think they will not be doing very well in terms of their rental demand,” said Nicholas Mak, Executive Director of research & consultancy at SLP International. “And furthermore, if they are located within the suburban areas where typically family uni...

Nine shoebox units were put up for mortgagee sale in 2014, according to a report by Colliers International. These small units at various locations such as Geylang, Woodlands, and Haig Road are generally priced below $1 million. Considering there were no mortgagee listings for shoebox units in the past four years, the report said this notable trend reflects the widespread effects of the cooling measures and tightened credit rules. Colliers International Director of Auction and Sales Annie Chan said, “Besides singles and couples with no kids, investors are also drawn to shoebox apartments due to their relatively-affordable price quantum.” However, investors who are servicing multiple loans may have faced difficulties in the increasingly-competitive leasing market. “As such, those who are unable to secure tenants or have been hard-pressed to accept lower rents may find it a stretch to service their mortgage. This may then result in default in their monthly mortg...

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