Rentals for Singapore shoebox units expected to fall due to oversupply

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http://www.channelnewsasia.com/news/singapore/rentals-of-shoebox-units/1552586.html

Rentals of shoebox units could fall by five to ten per cent in the coming years due to an expected increase in supply, said property analysts.

Shoebox units are small apartments - they include one-bedroom or studio units and are often bought as investments.

About 6,200 shoebox units will be completed in the next two years. This is a record number.