Tag Archives: shoebox unit

CapitaLand projects have shoebox units too

Despite the fact that CapitaLand’s CEO Liew Mun Leong referred to shoebox units as ‘almost inhuman’, it turns out that some of the developer’s projects feature this housing type, noted a media report.

37 of the 583 units at Bedok Residences were found to be less than 538 sq ft, with the smallest unit measuring 517 sq ft. In addition, 11 other units are around 538 sq ft, bordering with the shoebox category.

Separately, the d’Leedon condo at Farrer Road features 226 units (of the 1,715 homes) that measure from 50 sq m (538 sq ft) to 60 sq m (646 sq ft) – slightly larger than shoebox units.

Commenting on these small apartments, Liew said: “CapitaLand does not build residential units for sale that are less than 500 sq ft each. At Bedok Residences, 37 units are 48 to 49 sq m each. If we convert to sq ft, they are about 517 sq ft to 527 sq ft each.”

“This is in line with what I said recently about shoebox apartments in an interview with Bloomberg. I had said that ‘it’s almost inhuman’, it’s not good for the welfare of the family to feel that constrained.”

Liew said that he could have used another term to describe shoebox units. “Since the word ‘inhuman’ has caused so much controversy, I should have said it’s ‘too restrictive’ instead.”

“While there are some singles or couples who may not mind staying in small apartments, CapitaLand as a developer is of the view that shoebox units may not be conducive nor healthy for bringing up families with children. For this reason, our small units of about 500 sq ft each are typically one-bedroom units.”

Source : PropertyGuru – 2012 Jun 11

Shoebox units add diversity, says analyst

The debate between industry veterans over the viability of shoebox units is growing, with Dr Chua Yang Liang, Head of Research at Jones Lang LaSalle (JLL) Southeast Asia, adding his support for the homes which are no larger than 500 sq ft in size.

Speaking to PropertyGuru on the sidelines of the property portal’s strategic investment announcement yesterday, he said: “It’s an open market so let the market decide.” This was made in reference to a recent comment by CapitaLand’s CEO Liew Mun Leong, who referred to shoebox units as ‘inhuman’.

“Shoebox units add more diversity into the housing sector and is a reflection of maturity in Singapore’s housing market. It also provides opportunities for singles and young buyers to enter the private property market,” noted Chua.

With regards to possible cooling measures in the shoebox arena, he suggested that the government may implement a minimum size ruling for new homes as well as strictly enforce guidelines set in May for developers to ensure accurate representation of their showflats.

Liew had earlier claimed that such homes are ‘almost inhuman’ and even urged the government to put restrictions on the rising number of shoebox units.

In a media report yesterday, Oxley Holdings boss Ching Chiat Kwong countered that by saying there is nothing ‘inhuman’ about shoebox units.

“Tell me what is more inhuman? Giving a young person an opportunity to buy an affordable first apartment in a good location, or making people cough up S$1,700 psf for a 99-year leasehold residential unit in the suburbs or HDB townships?,” he said.

Oxley is known for featuring shoebox homes in its developments throughout Singapore.

Source : PropertyGuru – 2012 Jun 8