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The statement by former CEO of CapitaLand, Liew Mun Leong, regarding shoebox apartments being “almost inhuman” is one of those things which will be remembered for a long, long time.
Now, in a bid to sell more apartments in rather challenging circumstances, will CapitaLand build smaller and smaller apartments including those which are "almost inhuman"?
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| "Almost inhuman" size apartments in Japan. |
CapitaLand, Singapore’s biggest developer, may alter the size of its apartments as it seeks to improve affordability to combat government measures aimed at curbing speculation and lowering prices.
The developer sold 139 residential units in the island- state in the three months ended June, 31% fewer than in the same period last year, it said yesterday as it forecast “headwinds” in the near term with the housing curbs. (Source: Bloomberg)
Tough times for property developers in Singapore and, with interest rates set to rise, it seems that it will only get tougher.
Related post:
To rent or to buy: Rule of 15.
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10 comments:
If i am capitaland, i will build apartment of sizes to rival HK... then the occupants will stay out and only come back to sleep.
where do they go? either working in the office or shopping at their mall.
either way capitaland covers all the angles with their business model.
Hi seefei,
You are truly wicked! LOL!
This is EVIL.....
Just to clarify that joker made tt comment not knowing tt the co built shoebox and sold them at d leedon.
And have to redefine shoebox by restating that is sizes smaller than the ones at d leedon.
Hi Garfield,
"My name is Liew and I am Legend."
We really have to think before we speak. I mean it is bad enough that unknowns like me put a foot in our mouths sometimes but when someone is as prominent as Legend Liew, he should be extra careful.
AK71,
I know him personally to make that comment. And I stand by my words. Thanks.
Hi Garfield,
Oops. You know him personally? Er... tonight's weather quite nice hor? ;p
Anyway, I think he probably regretted what he said. Quite unfortunate.
A property developer talking about inhumane living apartment vs business gains on willing buy/seller basis ?
When i first heard he made that comment, i was laughing my arse off.
I totally agree with Cory, he should consider donate part of his $20 mil bonus to promote humane living.
Hi Garfield,
I am all for the idea that rich people should do more to help the needy.
The rich should have a heart instead of making comments about "almost inhuman" size apartments which are the only form of housing some people can afford.
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