05 Jul '11, 10pm

IM$avvy Info Hub: Small homes a hit with singles and expats #property #Singapore

LIVING in a tiny apartment might be a claustrophobic nightmare for some, but the prospect of a home, however small, that is affordable and centrally located is a hard combination to beat. KEY PLUSES 'Location is key. Over here, it's very convenient as I'm close to restaurants and bars and to my office at Raffles Place. This is the smallest apartment I've ever lived in but the small size also makes it easy to clean.' Ms Marianne Kroha The smallest types, the so-called shoebox apartments - they are less than 500 sq ft - have certainly proved popular, particularly with young singles and expatriate professionals. Consultants say they offer healthy yields of 3 per cent to 4 per cent depending on the project, while residential yields in general hover around 3 per cent. Earlier this year, a 474 sq ft unit at Robertson Edge went for $858,000. Assuming a monthly rental of $3,000, t...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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