Shoebox units an untested market in heartland: Khaw

[Temperament]

Think they led the way in reducing home sizes by reducing HDB sizes. Then to prevent backlash, demonize the "profit hungry" developers while charging them high land prices behind the scenes and hopping onto the $ making bandwagon with the stamp duties :p consumers are the biggest losers while government wins yet again

I think what you say is quite accurate. Papys always try to say it's the people's fault or its for your sake we do it.

[Jared Seah]

Ah!

35 m2 and 45 m2 public housing for senior citizens to "downgrade" to are not shoe-boxes - they are called studio apartments.

But if private developers do it it's shoe-box apartments. Hmm...

Once upon a time, when Pinnacle was launched, people say they will not pay so much for a HDB... Siao! Those who bought are smiling at the nay sayers now.

Once upon a time, 3 room HDB not popular as people all go for the bigger 4 rooms and 5 rooms HDB flats. Big, bigger, best! Now 3 room HDB are popular like hell!?

Ahem. The 3S HDB are around 56 m2. And large families have grown up in 1.5 room and 2 room HDB flats too.

The river flows 30 years east, then 30 years west. Let the market decides

[piggo]

For a "premium" location HDB studio 37 sqm $119,000 (tampines alcove bto) is about $300 psf. Considering it's on a 30 years lease, it's already (assuming 0% discount rate) almost 1k psf for a 99 years lease. That's on top of the restrictions on renting and inheritance. Compared to the subsidized housing options, shoeboxes really aren't that expensive

[brattzz]

so since a family cannot actually LIVE in a shoebox properly, most likely it will be used as investment, ie, collect rentals..

so much rental can one expect? $3K per month? or $1.5K?

no idea at all! :O

[Bibi]

I think KBW should seek opinion from his fellow parliment MP, Ms Lee Bee Wah, who has just bought a 570 sqft apartment for $826K. The price is after a 2.4 per cent discount she received as she is an ID of the developer, Tee International. Obviously she is not going to stay in that little house, with her 2 children and husband, right?

Our dear MP is obviously endorsing the shoebox as a "viable" investment. I'll be surprised if she can squeeze in there with her husband and two kids. She and kids sleep in the bed while hubby sleeps in a foldable bed which sticks out from the toilet? Possibly.

I think she bought the place as a table tennis training area for her family .