We Analysed 8 Years Of 1-Bedroom Condo Data In Central Singapore: Here’s What Investors Should Know
April 22, 2025
In this Stacked Pro breakdown:
- We uncover why most CCR shoebox units are underperforming in capital gains—even after holding periods of over eight years.
- See how ABSD can completely wipe out any meaningful returns, unless you structure your investment with care.
- Discover the few CCR projects where investors saw 2.5 per cent annualised gains—and why these are the rare exceptions.
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The shoebox craze ended many years ago, but elements of it still linger. One of the common sayings from that period – that “shoeboxes in the CCR are good investments” – still lingers.
However, our examination of the numbers suggests otherwise: several signs point to CCR-showboxes showing lacklustre gains, and perhaps being hampered by higher initial price points. Here’s what to know before you buy or invest:
Examining shoebox units for rental and resale gains
For the following, we will look at shoebox transactions from 4th January 2011 through to the end of 2024.
This is because the Sellers Stamp Duty (SSD) was introduced on 4th January 2011. Transactions before the SSD were more profitable over a much shorter period, and that would be misleading considering the regulatory environment today.
Ryan J. Ong
A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.Need help with a property decision?
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