Shoebox condos may be ideal for renting out to foreigners but they are not the best way for the Singapore family and children.
“People have to think hard before buying one,” advises a property agent. “If you decide to settle down and raise a family in future, you’ll find it difficult to do so.”
They also make for a reduced quality of life and the government is trying to discourage the trend through persuasion before taking action. It may, for example, impose a special tax on these units. Full story
