shoeboxmickeymousehouse

BBFA Singles Property DIY B.A.N.T.E.R Guide   The BBFA (Bold Beautiful Forever Awesome) singles property DIY B.A.N.T.E.R guide is written for us fabulous ones who prefer a hands-on approach to a sustainable life. In our world today, resources are depleting and wastage is sinful. In creating this guide, our principle is simple:   - If I can do it, don't get someone else to do it. - If someone has already done a decent job, don't waste or duplicate the effort. - If there is no real value creation, don't do it. Disclaimers: *All facts and figures are accurate as at time of writing (19 September 2024). *All screenshot graphics and tables are copyright of their original authors.   1. B UDGET Before all else, check your finances and derive a budget for your property. Ballpark is fine provided you have buffer savings or accounts in Bank Of Ahpa-ahma. Downpayment 25% (HDB flat taking HDB loan) can use CPF 25% (HDB flat/private property on bank loan) of which 5...

 These tiny houses range from 150-170sf and are available from April 2023. https://www.timeout.com/singapore/news/you-can-soon-stay-in-cosy-tiny-houses-on-lazarus-island-022823

Tuen Mun Town Centre T Plus | Find Property | Midland Realty You are looking at all 128sf of it - one of HK's tiniest apartment.

 

" According to guidelines by the Japanese government – a country confronting micro-living challenges as much as Hong Kong, if not more – a person should be able to live comfortably in at least 25 sq m (269 sq ft) of residential space, although the ideal is 430 sq ft." https://www.scmp.com/comment/letters/article/3202272/hong-kongs-light-public-housing-scheme-has-room-improvement

 

https://www.edgeprop.sg/property-news/why-shoebox-units-continue-be-popular " Despite these criticisms, shoebox units still play a necessary role in the residential market, although sales transactions for shoebox units account for only 7% to 11% of all sales transactions of condominiums in Singapore from 2012 to 2022."

The latest set of cooling measures are targeted at the enbloc rich and we'll heeled downgraders buying into the resale HDB market. The trigger is likely the million dollar HDBs increasingly transacted. Tons of blogs and posts have touched on the measures in detail, so I will not repeat ad nauseum. But then we ask, what is the impact, if any, on shoebox owners and hunters? Popularity of smaller units may increase as a result of tighter LTV because buyer budget dropped by 5%. Perhaps now for some of us, shoebox condo and apartment units become the only viable choice due to the lower TDSR and higher loan interest reference point. Given the likelihood of interest rates breaching 4% soon it pays to be prudent and not over commit. As long as property value is preserved there is always room for upgrade in the future. For those who are downgrading, perhaps also a good opportunity to Marie kondo stuff away so smaller spaces are still liveable.

CM lai liao, surely you have heard!?   My take on the impact: BTO seekers: No impact la, as long as I buy within means la! PLH seekers: Will reconsider really carefully now! Single-home owners: Simi cooling measures? Weather turned hot again ya? Pass the ice-cream pls! Multiple-home owners: Thank goodness I bought already! Upgraders: Wah, maybe we need to aim lower now... can't go for that Penthouse unit liao. Downgraders: Walau, how to sell at 1million pricing to potential buyers now? KNS.... but nehmind, sell low buy low also la! Developers: Siao liao... there goes our insane profits, need to taper liao to move units. Demand impacted sia! REITS: WAHAHHAHAHAHA, orbi la! Come come come, invest in Commercial and Industrial properties lai lai lai! Our turn to shine lor! Chewren: Mummy mummy, property price keep going up and getting harder and harder to buy. Which house you going to give me next time??!

  " Working-from-home remains the default mode of working, and all employers should provide the facilities necessary and direct every worker to work-from-home, as far as reasonably practicable." - goBusiness  " Remote working is an opportunity for companies to change their way of working sustainably and reap the benefits over the medium to long term. Think of less office space, less commuting, fewer business trips, shorter breaks and greater focus for employees." - EY Belgium " The reality of working from home in a small apartment is that you’ll be carving out a space to work in a room that serves a different purpose. If you can make your workspace look attractive, go for it. If not, don’t worry about the aesthetics – it’s function that matters." - Forbes " Beyond the need for more space, the trouble is homes are built differently from offices. Residential flats tend to be built with a north-south facing to minimise sun glare and heat coming into flat...

 

 https://www.businesstimes.com.sg/real-estate/shoebox-apartment-market-down-on-recession-shakeout

https://www.todayonline.com/8days/sceneandheard/celebrities/hong-ling-26-buys-2-bedroom-condo?utm_source=dlvr.it&utm_medium=twitter https://www.99.co/blog/singapore/romeo-tan-buys-marina-bay-condo-bachelor-pad/ Technically some of these may not really be 'mickey mouse' as either they are 1+1 or spacious studios, but they are in essence still a self sufficient shoebox style apartment.

 PARC ESTA SIMS AVENUE Apartment D14 RCR 99 yrs lease commencing from 2018 New Sale 1 842,000 - 420 Strata 16 to 20 2,006 Jul-20 vs ATTITUDE AT KIM YAM KIM YAM ROAD Apartment D09 CCR 999 yrs lease commencing from 1841 Resale 1 720,000 - 366 Strata 06 to 10 1,967 Jul-20 ======= Food for thought - which is a better buy?

https://cnalifestyle.channelnewsasia.com/trending/singapore-condo-renovation-tips-bachelor-pad-12965792?cid=emarsys-cna_20200802_0100_FINAL%20CNA%20Sunday%20newsletter%20%280740%29_newsletter_02082020_cna&sc_customer=8a00db7e-bc00-49e4-89c8-ef1078e794f2&sc_src=email&sc_llid=158896&sc_lid=107996746&sc_uid=A5dzXGzqCI

https://stackedhomes.com/editorial/shoebox-units-key-factors/?utm_source=sendinblue&utm_campaign=Blog_Weekly_Roundup_-_20_June_2020_Best_Time&utm_medium=email#gs.8em6e4

Hello everyone, to my readers out there, hope you are holding up fine during this pandemic. 1. If you live in a shoebox, do spend more time at the balcony for fresh air and sense of wider space, as you may be restricted in milling around the estate. 2. Have your personal corners to keep sane. 3. Set up a schedule if necessary, for bathroom use and TV time. 4. Make use of technology like smartphones and tablets. 5. Talk softly, be respectful of other occupants' needs. 6. Do house chores together. 7. Do on the spot exercises like rope skipping, aerobics, yoga and body weight training. 8. Continue to chat and communicate regularly with your family and friends! 9. Don't coop up at home the whole day. At least (at most) once a day, exit the building for essential errands such as taking away a meal, walking the dog if you have one or just a quick stroll around the estate for some fresh air and take a breather for sanity.

Tech alleviates cabin fever for shoebox residents By Valerie Kor / EdgeProp Singapore | April 24, 2020 6:00 AM SGT SINGAPORE (EDGEPROP) - Marketing manager Karyn Wong is too busy to be bored. Despite having to stay home during the “circuit breaker” period implemented to help prevent further spread of Covid-19, she has been working with her husband from their 355 sq ft home on Haig Road. She says: “I have been swamped with work. In fact, I am struggling to find the work-life balance when working from home.” The couple is renting from Wong’s father, who originally purchased the property as his retirement home. Working from their compact home has been conducive for Wong so far. The only challenge she faces is when both she and her husband have to take video-conference calls at the same time. “When that happens, one of us stays put, while the other goes to the bedroom,” Wong says. Read full article at: https://www.edgeprop.sg/property-news/tech-alleviates-cabin-fever-shoebox-resid...

Smaller Condos Make The Bulk Of New Sales In Q3 Victor Kang  •  November 25, 2019 New sales of condominiums below 500 sq ft rose to 15.1% this quarter, compared to 13.6% in Q2 2019. Condos between 700 sq ft and 1,000 sq ft also increased from 30.3% to 33.5% in the same period Given their more affordable price quantum, smaller condos – or those measuring below 1,000 square feet (sq ft) – made up 81.7% of total new sales in the third quarter of 2019, reported Singapore Business Review citing Edmund Tie Research. The percentage of condominium sales measuring less than 500 sq ft rose from 13.6% in Q2 to 15.1% in Q3, while those measuring between 700 sq ft and 1,000 sq ft increased from 30.3% to 33.5%. The proportion of all other unit sizes, however, dropped. Hence, there was a bigger share of units priced below $1.5 million. Units priced between $1 million and $1.5 million substantially increased from 40.7% in Q2 to 47.1% in Q3. Victor Kang, Digital Content ...

Taken from URA: Project Name Street Name Type Postal District Market Segment Tenure Price ($) Area (Sqft)¹ Floor Level Unit Price ($psf)³ Date of Sale⁴ PRESTIGE HEIGHTS BALESTIER ROAD Apartment 12 RCR Freehold 488,000 334 11 to 15 1,462 Sep-19 LE REGAL GEYLANG ROAD Apartment 14 RCR Freehold 495,000 366 01 to 05 1,353 May-19 JUPITER 18 LORONG 102 CHANGI Apartment 15 RCR Freehold 500,000 388 01 to 05 1,290 Oct-19 PRESTIGE LOFT TELOK KURAU ROAD Apartment 15 OCR Freehold 500,000 388 01 to 05 1,290 Aug-19 PRESTIGE HEIGHTS BALESTIER ROAD Apartment 12 RCR Freehold 520,000 334 11 to 15 1,558 Oct-19 ROYCE RESIDENCES LORONG 6 GEYLANG Apartment 14 RCR Freehold 530,000 420 06 to 10 1,263 Oct-19 CENTRA RESIDENCE LORONG 7 GEYLANG Apartment 14 RCR Freehold 530,000 398 01 to 05 1,331 Aug-19 SUITES@BRADDELL BRADDELL ROAD Apartment 13 OCR Freehold 530,888 398 01 to 05 1,333 Sep-19 SUITES @ EASTCOAST UPPER EAST COAST ROAD Condominium 15 OCR Freehold 540,000 366 01 to 05 1,476 Jul-19 EDENZ...