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.