Singapore revises rules to counter ‘shoebox apartment’ problem

FILE PHOTO: General view of apartment blocks consisting of private and public housing, in Singapore, September 27, 2018. REUTERS/Kevin Lam

SINGAPORE (Reuters) – Singapore has announced stricter guidelines on the maximum number of units in new blocks of private flats and condominiums in a move to tackle what authorities have called “excessive development of shoebox units” in the island-state. Shares of some real estate firms, including City Developments, UOL Group and Oxley Holdings, fell in […]

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