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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

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


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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