Brisk sales in shophouse market this year
Amid the flurry of transactions, record prices and declining rental yields, an industry veteran cautions that market is overheated
Singapore
TRANSACTION activity in the Singapore shophouse market has been brisk this year, with strong demand amid the low interest rate environment - from both local and foreign buyers who see it as a property segment that generally holds its value, as it did last year despite the Covid-19 crisis.
Since the start of this year, shophouses worth some S$600.9 million have been transacted, based on CBRE's analysis of URA Realis caveats data downloaded on May 18. This is two-thirds of the S$908.7 million for the whole of last year.
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