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Majority of shoebox apartment investors profited: Knight Frank

About 88.4 percent of resale transactions involving shoebox apartments, units smaller than 50 sq m (approx. 538.2 sq ft), made a profit, according to an analysis of caveats by Knight Frank.

It found that those who have divested their shoebox apartments pocketed an average capital gain of 11.5 percent, or an annualised return of 2.4 percent.

This is slightly higher than the 10.6 percent average for resale deals involving units of all sizes, which works out to an annualised return of 2.0 percent for new developments launched since 2010.

– November 15, 2018

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