The Business Times
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THE LEVEL GROUND

Consider tax changes for shophouses as Singapore businesses face being priced out

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Leslie Yee

Leslie Yee

Published Mon, Jul 17, 2023 · 12:30 PM
    • The facade of shophouses bought by a buyer from China recently. Top-of-the-range shophouses may command psf prices exceeding other property types.
    • The facade of shophouses bought by a buyer from China recently. Top-of-the-range shophouses may command psf prices exceeding other property types. PHOTO: GOOGLE MAPS

    MANY locals chase dreams in the competitive food and beverages (F&B) sector.

    Open a cafe or restaurant or bar in a trendy shophouse. Work hard, be creative, and capture the hearts of discerning and demanding patrons.

    Use the earnings to buy over the shophouse eventually. No need then to fret over the landlord raising rent or taking back the premises. The F&B outlet has a permanent home. The business owner can pass a business plus a physical asset to the next generation.

    The Level GroundshophousesCommercial & IndustrialCommercial propertySingapore commercial propertyProperty investment

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