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SINGAPORE PROPERTY WEEKLY Issue 377
Maybe some better terms should be used so To me, these smallish units are very liveable,
as not to belittle these very useful dwellings. compared to the much more expensive
Hongkong shoebox units, which I have
I have been to some countries, long before
visited.
these “shoebox” units came into being in
Singapore – for example, in Switzerland, Young executives desiring to own a freehold
Japan and Hongkong, to name a few. They condo unit that they can afford would find
are called “studios”. Many are even smaller these suitable for their budget. Sure, it might
than our “shoeboxes”. make more sense to buy a 3-room HDB flat in
mature estates like Toa Payoh, which could
I have seen some of our shoeboxes. Perhaps
cost 50% less. But not many would qualify,
some of our property experts should go look
unless they are married!
at Guillemard Edge. At 441 sq ft, a unit has a
decent bedroom, toilet, full balconies, and So, such shoeboxes in Geylang offer an
even a study area, big enough to alternative choice – relative affordability, good
accommodate a single bed. The condo has location (close to MRTs, shops and eateries,
two lap pools, a rest area, a small gym and it near to CBD and other amenities), a freehold
stretches between two Lorongs – 28 and 30. title, and relatively good rentability (easier to
rent out and higher rental returns).
Regards, TI
Non-Landed Residential Resale Property Transactions for the Week of Dec 7 – Dec 14