Martin Lee @ Sg
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Investing in Shoe-box Industrial Properties

The current hot topic of discussion about property investment is about the misuse of industrial properties and investing into shoe-box industrial properties.

It first started when the Straits Times wrote an article about how more and more companies were shifting their operations to industrial properties because of the lower rental.

This drew the attention of Minister for National Development Khaw Boon Wan who called on developers and property agents not to mislead buyers into misusing industrial land for unauthorised office or commercial activities.

Even worse, there were shoe-box industrial properties which were being developed and sold.

According to the minister, it is unlikely that a property of such size (50-80 sq m) could be used for any meaningful industrial use.

Investors who buy those shoe-box industrial properties with a view of renting them out later might find themselves stuck with the property.

Shoe-box Factories? (Blog of National Development Minister Khaw Boon Wan)

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