shoeboxmickeymousehouse

http://m.sbr.com.sg/residential-property/in-focus/it-will-take-over-12-years-clear-singapore%E2%80%99s-massive-private-home-back It will take over 12 years to clear Singapore's massive private home backlog: analysts There's no hope even if take-up rates double. Private residential homes in Singapore are simply not selling fast enough to clear off the large numbe of unsold inventory. With more projects slated for completion in coming quarters, analysts at Savills warn that it will take well over 12 years to clear the inventory of unsold units in projects which are currently under development. "Adopting CCR's average monthly sales for the period January to May 2015, and assuming that there will be no further Government Land Sales (GLS), it will take about 12 years to clear the inventory of unsold units in projects under development now," Savills said. The situation becomes even more dire away from the central region, Savills said. This is because the GLS p...

http://www.propertyguru.com.sg/property-management-news/2015/8/104714/Shoebox%20influx%20in%202017?utm_source=pgsg-newsalert&utm_medium=edm&utm_campaign=dailynews-13Aug2015&utm_content=links Investors of shoebox units may face some difficulty renting them out, reported  The Straits Times . This is because a bumper supply of shoebox units are expected to enter the market, peaking by around 2017, revealed R'ST Research data. Leasing demand for such units is also untested, with fewer foreigners able to afford them. "Increasingly, many (overseas nationals) can't even afford renting a single shoebox unit, but would instead rent a room in an apartment… Rents will be under further pressure," noted Alan Cheong, research head at Savills Singapore. Based on caveats lodged, majority of the supply will come from District 19 – Sengkang, Hougang and Punggol – with at least 700 units expected to be completed during this period. R'ST Research noted that at l...

435 units of Jalan Sendudok (The Nautical) Wow, just one project!