http://www.theedgeproperty.com.sg/content/consider-these-when-buying-shoebox-units?utm_source=Newsletter&utm_medium=Email&utm_campaign=EDM%2025.04.16%20-%20Cover%20Story Consider these when buying shoebox units By Feily Sofian / The Edge Property | April 22, 2016 10:36 AM Using new sales caveats from 2012 onwards as a proxy, there are at least 9,600 shoebox units island-wide that have recently been, or will soon be, completed. Geylang has the highest supply pipeline with at least 1,200 units. However, its proximity to the CBD, Paya Lebar growth corridor and industrial areas in the East mitigates the risk of severe rental downside. However, shoebox rents in the North-East Region will be under pressure given at least 2,000 shoebox units have recently been, or will soon be, completed. While the development of the Punggol Creative Cluster and Learning Corridor will boost rental demand, competition for tenants will be stiff. In addition, there will a bumper supply of new HDB
A neutral, non-biased repository of useful information on shoebox (small format or mickey mouse) homes in Singapore (and sometimes around the world). Tracking the Singapore small format homes market since 2009.