Wednesday, October 17, 2012

This graph shows the amazing take-up of shoebox units in Singapore

The shoebox unit sales averaged 803 units per quarter over the first half of 2012.

Savills Research notes that rent wise, shoebox units also command a significantly higher rate on a dollar per sq ft basis. The average rent of a shoebox unit is currently above S$6.5 (US$5.3) per sq ft per month. This represents a significant premium to largerunits. For example, for units that are between 501 sq ft and 1,500 sq ft, rents are  fetching, on average, S$4.2 (US$3.4) per sq ft per month, 35% below shoebox unit rates.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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