Singapore's old shophouses a promising haven for investment

Good shophouse deals are hard to find and those that are partly residential are not available to foreigners. But last year saw 148 transactions, topping $1 billion, a 40 per cent jump over 2016, according to CBRE's analysis.
Good shophouse deals are hard to find and those that are partly residential are not available to foreigners. But last year saw 148 transactions, topping $1 billion, a 40 per cent jump over 2016, according to CBRE's analysis.ST PHOTO: KELVIN CHNG

Deals exceeding $5m for such properties on the rise as interest in industrial spaces wanes

As a hiding place from US President Donald Trump's trade war against China, a cosy corner of Singapore's real estate holds much appeal.

A two-or three-storey terraced building close to the city's central business district, home quite often to a wine bar or gastro pub at street level with a massage spa or music lounge tucked away upstairs, has been in bigger demand this year than industrial sheds.

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A version of this article appeared in the print edition of The Straits Times on May 11, 2018, with the headline 'S'pore's old shophouses a promising haven for investment'. Print Edition | Subscribe