Singapore
THE shophouse market is poised for a slower second half after having hit high notes in the preceding two half-year periods.
The drop in transaction values comes not from sagging demand, but rather a lack of quality supply being offered for sale, said Clemence Lee, associate director of capital markets at JLL.
"Most of the demand for conservation shophouses would be in Districts 1 and 2, where a lot of the quality stock that had been put on the market was sold in the first two quarters of this year.
"Since then, not many new owners have made their properties available for sale."
District 1 includes places in the Central Business District (CBD) such as Amoy Street and Boat Quay; District 2...