In 2012, Minister for National Development, Khaw Boon Wan - TopicsExpress

In 2012, Minister for National Development, Khaw Boon Wan cautioned investors against the influx of shoebox units in the heartlands, and said he would not hesitate to intervene should there be clear evidence of unsustainable investor demand. However, the experience has been positive so far. Senior director at Savills Singapore, Mr Alan Cheong, said shoebox units in the suburbs have a reasonably high rental yield of around three per cent, which is higher than the two to three per cent yield for other types of private homes. (Source: CNA, 27 Nov 14) (AK says: No 4% or 5% rental yield, I dont buy.) singaporeanstocksinvestor.blogspot.sg/2013/10/smaller-apartments-prices-more-resilient.html

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