Information You Should Understand About Singapore Shophouses

Singapore’s property market boasts some varied clusters of charming and iconic dwellings scattered around the island state. Generally known as shophouses, these two- or three-storey colonial-era buildings were largely neglected before because they became old and shabby, however in recent times they've increasingly been gaining new-found appeal with buyers.

As outlined by Colliers International, total shophouse transactions inside the first half of 2018 located approximately $576.Two million, surpassing full-year shophouse investment sales from 2014 to 2017. Noting how shophouses are scarce in supply and sometimes bring either commercial or hospitality purposes, agreement advisory says that they will likely continue to attract interest from local and foreign high value individuals along with property funds and investment companies.

The reason why for this trend depends on the improved autonomy and greater control that shophouses offer. This permits operators to acquire their own street frontage, select their operating hours, have an overabundance of flexibility with regards to layouts and ultimately create clusters which drive footfall.

Other benefits of opening up inside a shophouse may be the ability to stick out aesthetically as compared to cookie-cutter retail mall shopfronts.
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Pub: 21 Sep 2023 07:29 UTC

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