Tag Archives: 8 @ Woodleigh

Lure of ‘shoebox’ flats

Posted on 18 Oct 2009 | Comments Off on Lure of ‘shoebox’ flats

Affordability of such units – some the size of 21/2 carpark lots – is the main lure
Vutton is a 21-storey condominium in Akyab Road whose smallest flat is a 1-bedroom 484 sq ft flat. — PHOTO: HUTTONS REAL ESTATE GROUP

What do you call an area equivalent to 21/2 carpark lots?

An apartment, covering 258 sq ft.

Such units were among apartments of various sizes put up for sale at the Suites@Guillemard pro-ject in Guillemard recently.

The cost of the small unit? $374,000 or $1,450 psf – and all four such units were snapped up.

They might well be Singapore’s smallest private apartments, beating out a 312 sq ft unit at Kent Residences near Farrer Park, which made the news in June last year. Continue reading →

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The land of shrinking apartments?

Posted on 18 Oct 2009 | 1 comment

Developers offering small units gain from a higher per-sq-ft price, but what about buyers?

Property players seem to have gone flat-out in a race to offer smaller and smaller units these days .

The foundation of this trend is mainly in the mass-market and mid-tier projects. However, upmarket developments downtown such as The Sail@Marina Bay, One Shenton and Icon have also made room for units that are smaller than 700 sq ft each.

Colliers International executive director Ho Eng Joo said developers find it commercially viable to build smaller units because of the higher profit margins.

More units can be packed within the space, and can be sold at a higher per-sq-ft price.

But since absolute sums for the smaller apartments are still relatively affordable compared to bigger units, the prices may still seem like a good deal for buyers. Continue reading →

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