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Shoebox apartments continue to grow in popularity

2011 nov 24 http://www.property-report.com/shoebox-apartments-continue-to-grow-in-popularity-17626 Shoebox apartments first arrived on the Singaporean property scene in 2009 and have been popular sellers ever since. In 2010 1,999 shoebox units were sold compared to 1,841 in the first 3 quarters of 2011. The second quarter of 2011 witnessed a record high of 880 shoebox apartments sold. The third quarter slipped to 440 units sold but this is down to fewer project launches and an economic downturn. In the first 3 quarters of 2011 Spottiswoode 18, Skysuites@Anson and The Interweave accounted for the largest primary sales of shoebox units, whereas Alexis, The Clift and Prestige Heights chalked up the largest sub-sale of shoebox units. The outlook for the first half of 2012 looks promising for shoebox units. Homebuyers who are waiting to see what will happen with the economic downturn could potentially jump at the chance to make a residential purchase in 2012. Potential homebuyers are unl...
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Are shoebox residential units profitable?

2011 oct 25 - Ascendant Assets Pte Ltd: Are shoebox residential units profitable? "Shoebox units are not an entirely new housing concept in Singapore. One of the first projects that had small sized units was People’s Park Complex (completed in 1972) and the smallest unit there is about 38sq m (about 409sq ft)..." http://www.sisvrealink.com/articles/AscdAssets_ShoeboxResearch.pdf
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SHOEHORN yourself into a shoebox apartment?

2011 sep 28 http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=%7B48406691-10300-9983178972%7D SHOEHORN yourself into a shoebox apartment? There is wide-eyed curiosity and some narrow-minded incredulity at the ballooning number of people doing that. Sales of tiny apartments - nicknamed 'shoebox' for their size - have increased more than six times, from 300 units in 2008 to 1,900 last year. They represented 6 per cent of new private home sales in 2008, doubling to 12 per cent last year. National Development Minister Khaw Boon Wan wrote on his blog in June warning that while he did not want to second-guess the market, buyers of tiny apartments should go in with their eyes open. Some market observers warn that the penchant for small living is just a fad, and suggest that small equals unrentable and unliveable. Naysayers will tell you that living in a tiny apartment is a step backwards in the housing continuum. You do not go from a pondok to an HDB three-room flat ...
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Oxley Holdings’ founders boost stakes in ‘shoebox apartment’ builder

2011 sep 20 Oxley Holdings’ founders boost stakes in ‘shoebox apartment’ builder http://www.theedgesingapore.com/component/content/32807/32807.html?task=view&showall=1 Written by Michelle Teo Monday, 19 September 2011 14:56 The founding executive chairman and CEO of boutique property developer Oxley Holdings has significantly raised his stake in the company in a series of open-market transactions. On Sept 2, Ching Chiat Kwong bought 12,000 shares at 33.5 cents each. On Sept 5, he scooped up 200,000 shares at 32.5 cents each, bringing his direct stake in the company to 39.57%. Over the course of the week, Ching purchased 250,000 more shares on the open market at between 32.5 and 33 cents apiece. Ching now holds a 39.59% direct stake in Oxley, or just under 589.5 million shares. At the same time, substantial shareholder Tee Wee Sien picked up 201,000 shares on Sept 5, bringing his direct stake to 175.81 million shares, or 11.81%. On Sept 8, Tee picked up another 100,000 ...
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