We recently looked at the top-performing shoebox units, among those who bought new. But what about those who bought resale units? These 500 sq ft or smaller units can be even cheaper as resale; and coupled with their already low quantum, some landlords swear by these as rental assets. The question is, whether they can also make you money in.
Shoebox units, typically around 500 sq ft or below, have always been popular due to their accessible price point, representing the lowest barrier to entry for those eyeing condo ownership. Save for ultra-luxurious condos, these small units are usually the first ones to sell out. While many investors are drawn to these compact properties primarily for their impressive rental yields.
I like to think of property valuation as a sort of fortune telling. Sometimes, I think property valuation is less like a science, and more like throwing a deck of tarot cards at a ceiling fan, and then reading whatever meaning you can into the pieces that fall closest to you. Consider, for instance, the process of shopping for a.
There's been a slew of interesting launches over the past decade. We've gone from an era when the shoebox craze was just dying down, to en-bloc fever, to the recent trend for larger condo units. This week, we've picked through projects in the past decade that have seen zero losing transactions. Here are the condos that have seen a perfect.
In July 2023, Starlight Suites set a record-low price since the condo was launched for sale in 2010 $1,359 psf for a 1,163 sq ft unit. It's not something you'd expect for a freehold luxury development in walking distance of Great World City, while being just shy of 10 years old in age. What could possibly be happening here?.