Shophouses: the latest collectors' items?

AS age-old heritage properties, Singapore shophouses are proving to be a timeless asset class. Despite the onset of the pandemic last year, the market for these conservation properties has turned highly active. Mary Sai, executive director of capital markets at Knight Frank says: “Shophouses have become investors’ newest collector’s item given its potential for price appreciation.”

In July, Knight Frank reported that the first half of 2021 saw 118 shophouse transactions valued at S$836.1 million, backed by the pick-up in activity from the fourth quarte…