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Higher-value deals lifted transaction values in the second quarter.<\/strong><\/p>\n Singapore investors are driving demand for commercial shophouses as buyers seek stable rental income and tax-efficient assets, whilst overseas interest is beginning to recover, property analysts said.<\/p>\n \u201cEven in the recent war, there are more buyers in the marketplace,\u201d Maureen Li, founder and CEO at ABIEL Property Investment Fund Pte. Ltd., told Singapore Business Review<\/strong><\/em> via Zoom, adding that investors are looking for completed properties with stable rental income.<\/p>\n Richard Tan Kah Peng, an associate branch district director at PropNex Realty Pte. Ltd., estimated that Singaporeans now account for 60% to 70% of purchases involving commercial shophouses\u2014low-rise heritage buildings with retail space below and offices or other commercial uses above.<\/p>\n This reverses the situation a decade ago when foreign buyers made up half or more of transactions, he said in a separate Zoom call.<\/p>\n He noted that higher taxes on residential property purchases have encouraged more investors to consider commercial shophouses, which are not subject to additional buyer’s stamp duty.<\/p>\n Tan added that interest amongst local investors continues to broaden, with about 90% of attendees at his investment seminars being first-time shophouse buyers.<\/p>\n The market also showed signs of recovery in the second quarter. Huttons Asia Pte. Ltd. recorded 16 shophouse transactions<\/a> worth $193.7m, more than double the value in the previous quarter, helped by several big deals, including three shophouses in Lorong Liput sold for $70m.<\/p>\n Singapore Realtors, Inc. (SRI) also reported that recorded shophouse transactions edged up to 89 in 2025 from 87 a year earlier.<\/p>\n \u201cThe ability for transaction volumes to edge up suggests that buyers continue to identify value in well-located and income-generating shophouse assets,\u201d Mohan Sandrasegeran, head of research and data analytics at SRI, said in a February report.<\/p>\n Li said foreign enquiries have increased over the past two to three months, although many have yet to progress into completed purchases.<\/p>\n She said wealthy families and family offices continue to favour established locations<\/a> such as Club Street, Amoy Street, and Telok Ayer.<\/p>\n Tan expects prices to keep rising because the supply of fully commercial shophouses remains limited at about 3,000 properties, whilst many owners keep them across generations rather than sell.<\/p>\n Li also expects values to remain supported by strong domestic demand, saying gains in Singapore’s broader property market typically flow through to commercial real estate.<\/p>\n<\/p><\/div>\n Higher-value deals lifted transaction values in the second quarter. Singapore investors are driving demand for commercial shophouses as buyers seek stable rental income and tax-efficient…<\/p>\n","protected":false},"author":1,"featured_media":69347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-69346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/69346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69346"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/69346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/69347"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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