Shophouses: Shopping for a piece of heritage

Shophouses in the Central Business District are popular with buyers due to their prime locations. A pair of conservation shophouses in Amoy Street with 14,641 sq ft total gross floor area was recently launched at $3,415 psf.
Shophouses in the Central Business District are popular with buyers due to their prime locations. A pair of conservation shophouses in Amoy Street with 14,641 sq ft total gross floor area was recently launched at $3,415 psf.PHOTO: CBRE

Such icons are scarce and traditionally hold their value, providing for a lucrative market

My childhood days were spent in a pre-war shophouse owned by my great-grandparents, who operated a traditional Chinese medical hall on the ground floor, and resided on the upper levels.

I spent many carefree afternoons playing with other children in the rear court, roaming along the five-foot way and hiding up in the attic. Even though this row of traditional shophouses in Upper Bukit Timah Road have made way for new developments, those memories remain vivid in my mind, fuelling my interest in this asset class.

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A version of this article appeared in the print edition of The Sunday Times on October 21, 2018, with the headline 'Shophouses: Shopping for a piece of heritage'. Print Edition | Subscribe