24 May '12, 4pm

The Trouble With Shoe Box Homes

The Trouble With Shoe Box Homes

Apparently, an unnamed employee of CIMB said that they are no longer offering financing for shoe box units, even for high credit rating clients. The reasons given are extremely high prices per square foot as compared to more reasonably sized units. Another reason given is that the buyers of these units tend to investors rather than owner occupiers, which means that default rates will probably be higher if there is an economic downturn. I wonder if other …

Full article: http://thefinance.sg/2012/05/24/the-trouble-with-shoe-box...

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High Power Gear Box H.E.:

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