Shoebox Apartments: Is it Worth the Investment?
Shoebox apartments, also known as ‘compact units’ are typically defined as an apartment of 500 square feet or less and designed for a single occupant. By 2018, there were already around 28,000 shoebox units in Singapore, making up 8.7 percent of non-landed private housing units. Since then, there has been a surge in shoebox developments and only slowing down in 2020 due to the pandemic. For old-school property investors, the appeal of owning a shoebox unit may be incomprehensible. Too