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Completed shoebox units lead price falls this year

NUS's Nov flash estimate for price index for completed small units is down 4.4% from Dec; mounting completions expected to put stress on rents, prices

The stock of completed shoebox units (50 sq m or smaller) would increase from about 2,400 units as at end-2011 to around 11,000 units by the end of 2015, according to a 2012 URA circular.

SO far this year, prices of small units have fared the worst of the four segments of completed non-landed private homes covered by the National University of Singapore's Singapore Residential Price Index (SRPI) series.

Flash estimates for November released on Monday show that the SRPI for...

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