Looks like the shoebox investors may have the last laugh. Clearly the shoeboxes way outperformed the standard units
MM huat ah!
This index only tracks completed shoeboxes which is not a lot. Would be interesting to see the performance as more shoeboxes TOP. The other thing the report clearly shows is that shoebox is more prevalent in central regions and cause greater distortion in index in central areas - i think a lot of forummers have sent wrong signals that OCR has a lot of shoebox which is a lie. Even the shoebox in "non-central" areas are probably located in RCR (East Coast, Geylang and Balestier) and not OCR. The NUS index unfortunately does not segregate RCR and OCR.