Shophouse sales hit 28-year low
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Shophouse sales in Singapore fell to a 28-year low in Q1 2026, with transaction values dropping 48% to $88 million. Only 13 transactions were recorded, a 43.5% decrease from the previous quarter. Average prices fell 12.6% to $4,963 psf, with significant declines in Districts 1, 2, 14, and 15. Leasing activity also softened, with a 1.8% drop in rental contracts. PropNex Research anticipates a challenging market in 2026 due to macroeconomic headwinds, although demand for prime shophouses may persist due to Singapore's safe-haven status.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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