The shophouse market in Singapore has recently witnessed a significant surge in sales, with a 31.3% increase in the first quarter of 2024 compared to the previous quarter.
This surge in interest has breathed new life into the shophouse market with a notable 31.3% quarter-on-quarter surge in sales, which had seen a decline in sales in the previous year, where sales plummeted by 34.4%. Meanwhile, Districts 1 and 2 experienced a resurgence in buying interest after a relatively quiet quarter in the previous period.Buyers paid between S$9.5 and S$19.0 million for the shophouses in Districts 1 and 2 in the first quarter of 2024.”
Source: Loan Digest (loandigest.net)
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