It may not pay to invest in shoebox units
Rental yields may drop in long run, few resale transactions: Report
A recent report has identified hot spots across Singapore for "shoebox" homes but has questioned the viability of these tiny homes as investments.
Even before the Government's move this week to restrict the ballooning number of shoebox units outside the central area, market experts were raising a red flag.
These homes of less than 50 sq m used to be mainly in the central areas, but many small studio apartments are now springing up on the outskirts.
An analysis by Maybank Kim Eng found that the highest number of new shoebox apartments has been sold in Bales-tier, MacPherson and Geylang. Since 2005, 2,401 tiny homes have found buyers in these areas.