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Overshadowed shophouse sector set to ride on office and retail revival

With the office and retail markets set for recovery this year, shophouses are poised to reap the benefit from rental growth.
With the office and retail markets set for recovery this year, shophouses are poised to reap the benefit from rental growth.PHOTO: CUSHMAN AND WAKEFIELD

The private residential market enjoyed the limelight last year with sales increasing and prices bottoming out. The revival of the en bloc market also fuelled optimism as developers shored up land banks in anticipation of price rises amid a declining number of unsold inventory.

Although the residential market looks promising, we believe there are also exciting opportunities in the shophouse segment in the coming years.

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A version of this article appeared in the print edition of The Sunday Times on April 15, 2018, with the headline 'Overshadowed shophouse sector set to ride on office and retail revival'. Print Edition | Subscribe