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BT EXCLUSIVE

Smaller supply of quality units slows shophouse market in H2

But the full-year 2017 figure is set to be the highest in four years after an active H1, when S$520 m in deals were transacted

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"Shophouse prices have run up in the past 12 months but rents have not caught up, leading to yield compression. Owners continue to expect higher prices, which has caused a price gap between buyers and sellers - resulting in limited transactions." - 8M Real Estate founder Ashish Manchharam

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,

sentifi.com

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