jovell showflat

10,700 of such units are expected to be completed by 2018, which may lower rental rates. Among the three regions where shoebox units are distributed (the city area, the city fringes, and the suburbs), rental yields from those in the suburbs have been highest. There is, however, another factor that is expected to lower rents in the future: the removal of property-tax refund concession for vacant properties.

At the moment, though, shoebox jovell showflat units are expected to maintain their position of great rental yields, one percentage point higher than conventional condominiums, to be exact. The supply of these units is limited for now, because of the regulations made in November last year (2012) that limit condominium average size to 70 sq meters. Even though the future of rentals from shoebox and conventional condominium units is hard to be predicted, things do not seem to be changing very soon.