Singapore should curb the increasing trend of so-called shoebox apartments because they are “almost inhuman,” CapitaLand Ltd. (CAPL) Chief Executive Officer Liew Mun Leong said.
“I am dead against shoebox developments,” Liew said in an interview at the downtown Singapore headquarters of Southeast Asia’s biggest developer. “The government should intervene. Singapore’s land is very precious and you are wasting your scarce resources” by building shoebox apartments. Full story
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