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  • Writer's pictureChia Damian

Shophouse sales surge in Q1 2024

Updated: 5 days ago

Sales of shophouses rose 52.2% in Q1 2024!

What is a shophouse?

Shophouses are an architectural and heritage building type in Singapore that are generally 2 to 3 storeys high. They are typically narrow, small terraced houses that come with a sheltered 'Five Foot Way' at the front. They are generally built between 1840s and 1960s which comprised the majority of the pre-World War 2 urban landscape of the old city center and other parts of Singapore.

  1. They look at it as a prized trophy asset

  2. Good appreciation (Chart shows psf from 2000 to 2024)

  3. No ABSD payable for a full commercial shophouse

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