Market for shophouses wakes up in the third quarter

Singapore

AFTER a slow first half, the Singapore shophouse market started to stir in the third quarter on the back of pent-up demand following the 21/2-month period when property viewings were not allowed.

The value of shophouse transactions had slumped in the second quarter, with the ban on property viewings from April 7 to June 18 during Singapore's partial lockdown to stem the transmission of Covid-19.