Chart of the Day: Shoebox unit sales hit 2,400 in 2011

This exceeded the record high of 1,999 units in 2010.

Here's from R'ST Research Director Ong Kah Seng:

Shoebox or micro apartments, i.e. those which are 500 sq ft or less each, have gained popularity since their conceptualization and intensive roll-out by developers in 2009.

Based on transactions captured by URA’s REALIS, a total of 2,400 shoebox units were transacted 2011. This exceeded the record high of 1,999 units in 2010. These include developer sales, sub-sales and resale.

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