For: InvestorsHDB upgraders
Source: URA REALIS
Overview
Shoebox units (under 500 sqft) appeal to investors chasing high rental yields in a compact footprint. This spotlight ranks condos with the most sub-500-sqft transactions by average PSF, helping you identify value in Singapore's micro-living segment.
Key Takeaways
- TREASURES @ G20 leads the shoebox segment at $1,268 psf PSF.
- Shoebox units (under 500 sqft) attract young professionals and investors seeking high yield per dollar.
- Compact units in central locations can outperform larger units on rental yield percentage.
Data as of July 2026
Rankings
| # | Name | District | Avg Area | Avg Price | Avg PSF | Txns |
|---|---|---|---|---|---|---|
| 1 | TREASURES @ G20 | D14 | 434 sqft | $548,667 | $1,268 psf | 12 |
| 2 | PARC OLYMPIA | D17 | 495 sqft | $629,989 | $1,272 psf | 10 |
| 3 | HEDGES PARK CONDOMINIUM | D17 | 484 sqft | $637,850 | $1,317 psf | 24 |
| 4 | THE INFLORA | D17 | 464 sqft | $620,596 | $1,337 psf | 63 |
| 5 | H RESIDENCES | D15 | 474 sqft | $641,333 | $1,354 psf | 3 |
| 6 | SKIES MILTONIA | D27 | 484 sqft | $657,320 | $1,357 psf | 25 |
| 7 | ROYCE RESIDENCES | D14 | 427 sqft | $587,714 | $1,376 psf | 7 |
| 8 | STRATUM | D18 | 456 sqft | $626,159 | $1,376 psf | 44 |
| 9 | RIPPLE BAY | D18 | 484 sqft | $668,410 | $1,380 psf | 29 |
| 10 | M66 | D12 | 471 sqft | $650,750 | $1,383 psf | 4 |
| 11 | EIGHT COURTYARDS | D27 | 452 sqft | $626,000 | $1,385 psf | 6 |
| 12 | NV RESIDENCES | D18 | 495 sqft | $686,000 | $1,385 psf | 3 |
| 13 | THE HILLFORD | D21 | 399 sqft | $552,690 | $1,386 psf | 62 |
| 14 | SUITES 28 | D14 | 434 sqft | $601,333 | $1,387 psf | 6 |
| 15 | EDENZ LOFT | D14 | 431 sqft | $597,875 | $1,389 psf | 8 |
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Top 3 Highlights
$1,268 psf
#1 TREASURES @ G20
$1,272 psf
#2 PARC OLYMPIA
$1,317 psf
#3 HEDGES PARK CONDOMINIUM
Top Performer
TREASURES @ G20 leads this ranking. Explore its full transaction history and price trends on the condo profile page.
Frequently Asked Questions
What is a shoebox condo unit?
A shoebox unit is a compact apartment typically under 500 sqft (46 sqm). These units are designed for efficiency and are popular with singles, couples, and investors seeking high rental yield per dollar invested.
Are shoebox condos a good investment in Singapore?
Shoebox units can deliver higher rental yields due to their low absolute price. However, they may face resale challenges as buyer pools are smaller, and some banks apply stricter loan-to-value limits for very small units.
What is the minimum size for a new condo in Singapore?
Since 2012, the URA has set a minimum size of approximately 35 sqm (377 sqft) for new private residential units outside the CBD. This regulation limits the supply of ultra-compact units.
Methodology & Sources
Figures below are drawn from all available transaction periods and revised on demand.
Transaction data sourced from URA REALIS.
- Rankings require a minimum number of transactions to qualify.
- Averages are used for price and PSF metrics; yields are estimated from average rent and average sale price.
- Last updated: 24 May 2026.
We report medians (not means) so a single outlier transaction cannot skew district-level figures. PSF = price per square foot.