Developers in Singapore sold a record number of so-called shoebox apartments in the first quarter, raising the prospect of additional government-led measures to cool the island-state’s housing market.
Developers sold 1,764 apartments that were less than 50 square meters (538 square feet) in the three months ended March 31, the most since the Urban Redevelopment Authority began collating the data in 2007. The smaller condos accounted for 27 percent of new sales in the first quarter, the data released today showed. Full story
