Shophouses in prime districts snapped up; owners put more assets on market

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).