Brisk sales in shophouse market this year
Amid the flurry of transactions, record prices and declining rental yields, an industry veteran cautions that market is overheated
Add BT as a preferred source
Singapore
TRANSACTION activity in the Singapore shophouse market has been brisk this year, with strong demand amid the low interest rate environment - from both local and foreign buyers who see it as a property segment that generally holds its value, as it did last year despite the Covid-19 crisis.
Since the start of this year, shophouses worth some S$600.9 million have been transacted, based on CBRE's analysis of URA Realis caveats data downloaded on May 18. This is two-thirds of the S$908.7 million for the whole of last year.
TRENDING NOW
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
