Uptick in shophouse sales attests to niche appeal
Scarcity and historical value make it a sought-after property class
THE shophouse market seems to be showing some buzz in sales - perhaps a final burst of activity before a year-end wind-down.
Recent deals include two acquisitions in the Duxton area totalling S$13.7 million; the buyer is believed to be Spanish tycoon Ricardo Portabella Peralta, who a couple of months ago paid S$18.2 million for a pair of adjoining shophouses along Telok Ayer Street.
This time around, Mr Peralta is acquiring a property along Duxton Hill, with a land area of 1,218 sq ft, for S$9.4 million and another shophouse on a 1,076 sq ft site on Duxton Road fo…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions