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Beware oversupply of shoebox flats, property analysts warn

Straits Times
The interior of a 388 sq ft apartment at Soho 188 in Race Course Road. Property analysts have issued a blunt warning to investors keen to buy so-called shoebox apartments in hopes of capital gains and good rental returns. -- THE BUSINESS TIMES PHOTO: MUGILAN RAJASEGERAN

The interior of a 388 sq ft apartment at Soho 188 in Race Course Road. Property analysts have issued a blunt warning to investors keen to buy so-called shoebox apartments in hopes of capital gains and good rental returns. -- THE BUSINESS TIMES PHOTO: MUGILAN RAJASEGERAN


Property analysts have issued a blunt warning to investors keen to buy so-called shoebox apartments in hopes of capital gains and good rental returns.



The strong interest in these units - mainly 500 sq ft or smaller - is playing a central role in fuelling the robust demand in the overall private property market.

Analysts at major research firms cautioned that investors should look before they leap even though the price tags look tempting, given the units' small size.


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