Shophouses in prime districts snapped up; owners put more assets on market
"Robust interest" in such properties is seen continuing into the next year
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Singapore
SOFTER asking prices in Singapore's shophouse market have continued to pique buyer interest for tightly-held assets in prime locations, and the flurry is showing no signs of abating.
"During the last few years when there was a run-up in prices for shophouses, many interested buyers were priced out of the market," Clemence Lee, senior director of capital markets at CBRE, told The Business Times (BT).
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