The Trouble with Shoebox Homes

UPDATE: CIMB has clarified that they are still offering financing for shoebox units. By Calvin Yeo (guest contributor) According to PropertyGuru, at least one bank in Singapore is declining all loan applications for properties under 500 square feet in size, which are termed shoebox units in Singapore. The property market sentiment is generally poor now and…

Singapore Property News This Week #52

Residential Indications of cooling property market After five rounds of cooling measures to discourage speculative demand and the increase in housing supply as part of the measures to cool the property market, results can be seen in the slight decrease in private home prices in Q1 2012, the fall in the proportion of sub-sales (an…

What the First Quarter 2012 URA Numbers Tells Us About the Property Market

The Urban Redevelopment Authority (URA) recently released their 1Q12 real estate statistics, and in this article we will look at the patterns emerging from the numbers for both the residential and non-residential (office, shop and industrial) segments. Residential – Prices fall for the first time since 2Q09 The URA Private Property Index (PPI) fell by…

Should Shoe-box Factories Be Allowed?

A recent investigative report by The Straits Times found a diverse array of non-industrial businesses and institutions taking up space in industrial estates. A check by the reporter across places like Woodlands Industrial Park, JalanPemimpin, Alexandra Industrial Estate and Henderson Industrial Park found furniture markers and warehouse operators co-located with offices, churches, tuition centers, travel…