Singapore shophouse market stays on hot streak with three new sales
Sector attracts high-net-worth individuals, families both locally and abroad, and property investment groups
Singapore
THE buzz in the Singapore shophouse market continues, with the sector attracting high-net-worth individuals (HNWIs) and families here and from abroad, in addition to property investment groups.
The latest deals include three adjoining conservation shophouses at 8, 9 and 10 Craig Road which went for S$29.28 million. Singapore-based property investment group 8M Real Estate is buying the three-storey shophouses from Hong Kong-based Harilela Group, founded by businessman and philanthropist Hari Harilela.
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Apex court rejects resulting trust claim in 99-1 condo dispute
Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing