Shophouse transactions hit $1 billion for year to date, surpassing levels in 2019 and 2020

A pair of shophouses at 59 and 60 Duxton Road that had been owned by Mr Alan Choe were sold last month at $14.8 million.
A pair of shophouses at 59 and 60 Duxton Road that had been owned by Mr Alan Choe were sold last month at $14.8 million.BT PHOTO: NG SOR LUAN

SINGAPORE - Shophouse transactions are hitting new highs, fuelled by the limited stock of conservation properties, low interest rates and strong demand from local and foreign investors.

Investors, including family offices, high net-worth individuals and boutique real estate funds, are drawn to commercial shophouses, as they offer capital preservation during economic uncertainty due to their strong heritage value and limited supply.

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