Martin Lee @ Sg
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Singapore Government to Impose Caps on Shoebox Units

Yesterday, URA announced that the total number of dwelling units that can be built on a development site for non-landed private residential developments outside the Central Area will be capped. The new ruling essentially prevents developers from allocating a huge number of shoebox units to a particular project.

If they do that, they will hit the cap and will be unable to maximize the number of units for that development. The new ruling takes effect from 4 November 2012.

It remains to be seen whether this measure will actually dampen the demand for shoebox units. After all, this is a move that will reduce the supply of shoebox units.

For more information, you can read the press release from URA:

Maintaining a good variety of housing sizes

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