
Shophouse volume jumps as average prices sink to $4,663

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Shophouse transaction volume increased to 54 in H2 2025, up from 42 in H1, despite a 27% drop in average prices to $4,663 psf. Total transactions for the year reached 96, valued at approximately $879.7m, with an average price of $5,471 psf. The decline in prices is attributed to a higher proportion of transactions below $10m, as buyers focused on smaller assets. Knight Frank anticipates transaction values in 2026 to remain below $1b due to selective investor demand and tighter pricing expectations, while limited supply continues to support the market.
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