Shoebox units to nearly quintuple by 2015: Minister Khaw

Monstrous growth looms ahead but rental market remains untested, says OCBC.

According to Minister of National Development Khaw Boon Wan, there are ~2.5k completed shoebox units in the market currently, 80% of which are in the central region. He expects the number of completed shoebox units to leap to 9,700 by 2015.5 OCBC estimate that the number of OCR shoebox units could grow more than 450% by 2015.

OCBC release says due to a limited amount of completed units, the rental market for OCR shoebox units is yet untested. One key risk, according to them, is that buyers of uncompleted units in the primary market are basing their decisions on rentals levels today, which may be skewed upwards by a small completed supply.

"If rental levels fall due as supply spikes dramatically after 2015, then capital values are likely to face corresponding downward pressure. This is particularly so if interest rates start to increase as well, reversing the virtuous cycle of liquidity fueled demand," OCBC says.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia