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Shoebox units need no introduction and have been subject to much public attention in recent times. By definition, they are private residential units that typically span 47 sq m (506 sq ft) or smaller.

Also referred to as “Mickey Mouse units” for their miniature layouts, they began to crop up in bigger numbers circa 2007/2008. Previously confined within the Central Area, they have since made their way into various mass market districts.

Price-wise, shoebox units are typically sold at a 20% to 30% per …