shoeboxmickeymousehouse

http://www.propertyguru.com.sg/property-management-news/2015/10/110074/shoebox-apartments-being-left-on-the-shelf?utm_source=pgsg-newsletter&utm_medium=edm&utm_campaign=consumernewsletter-tnv87&utm_content=guruview-img Oct 23, 2015 We take a Guru View at this investor favourite property sub-class, and at its market performance over the past few years. By Chang Hui Chew While most people bemoan how the sizes of their apartments have shrunk over the years, spend time in other metropolises and you'll quickly come to realize that we're actually behind the trend. For instance, New York is currently building pre-fabricated micro-apartments of about 270 square feet (about the size of a shipping container unit) right in the Brooklyn Navy Yard, for an upcoming project in East Manhattan. The calculation is rather simple: land space in Singapore is finite, a hoarded resource. However, our economy needs an expanding population to grow, to produce and consume, and all ...

Small units, big challenges Mass-market shoebox rents dip 3.5% in 3Q2015 By Lin Zhiqin / The Edge Property | October 17, 2015 10:00 AM MYT Preliminary estimates indicate that rents for shoebox units dipped 1.9% quarter-on-quarter in 3Q2015. Mass-market shoebox units led the decline as monthly rents fell 3.5% or $73 from $2,089 in 2Q2015, to $2,016 in 3Q2015. On a brighter note, shoebox rents in the city fringe stayed unchanged from the last quarter at $2,380 per month. In the high-end segment, monthly shoebox rents fell 2.1% or $59 from $2,815 in 2Q2015, to $2,756 in 3Q2015. Shoebox units in the mass market continue to face strong competition from HDB flats for tenants. For the same rents, tenants could get a three-room HDB unit with two bedrooms and share their rental expenses with a flatmate. Based on HDB subletting contracts, the island-wide monthly rents for HDB flats averaged $1,958 for three-room units and $2,297 for four room ones in 3Q2015. On the other hand, shoebox ...

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