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Shops and shophouses overtake residential units in auctions

Shift in buyers' preference could be driven by ABSD rule for housing, says Knight Frank

Published Wed, Apr 20, 2016 · 09:50 PM
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Singapore

SHOPS and shophouses overtook residential properties in total sales value in auctions in the first quarter of this year, a report by Knight Frank released on Wednesday shows.

Some S$5.5 million worth of shops and shophouses were sold in auctions in Q1, more than double the residential sector's S$2.5 million.

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Knight Frank

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