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Interest in shophouses rises after latest ABSD hikes for residential properties

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Generic of shophouses on Haji Lane on May 5, 2023.

/Rising interest in shophouses following latest ABSD hike.

Agents said investors prefer freehold shophouses which hold their value better compared with leasehold units.

ST PHOTO: ARIFFIN JAMAR

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SINGAPORE - The

latest round of property cooling measures

has driven interest from residential properties, which are now substantially more expensive investments, to the commercial shophouse market.

This has led owners to raise their prices in the face of higher offers from buyers.

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