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Value of shophouse deals rises 8% in 2015

Market watchers note there has been heightened interest for these heritage properties from ultra high net worth investors and family funds
Thursday, January 7, 2016 - 05:50
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The row of three adjoining freehold shophouses at 42, 44 and 46 Joo Chiat Road, which sold for S$23 million in Q4 last year

Singapore

THE value of shophouse transactions last year reached S$655.6 million, up 8 per cent from S$606.2 million in the previous year. However the number of transactions eased in 2015; a total of 103 caveats were lodged last year - down from 112 in 2014, suggesting bigger-ticket

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