Shophouse deals gain momentum in Jan-Feb
Clifton Partners affiliates buying four shophouses for S$38.5m; Bamboo Group sells Tanjong Katong property for S$18.2m
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Singapore
THE Singapore shophouse market has had a good start to the year in terms of transactions volume with deals in places like Tanjong Pagar and Mosque Street in the CBD to Tanjong Katong Road and Joo Chiat Road. Prices are also holding well, if not appreciating, amid a dearth of new listings, say industry watchers.
In the first two months, 26 caveats totalling S$220.8 million were lodged for purchases of shophouses island-wide, based on CBRE's analysis of URA Realis caveats data as at March 5.
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