SUBSCRIBERS

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

Kalpana Rashiwala

Published Thu, Jan 7, 2021 · 05:50 AM

Singapore property

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.