Shophouses are a sage investment in 2022: What should you know before investing in it?
Market Update, Tuesday, 5 April 2022
According to Knight Frank Singapore, the overall shophouse value in Singapore hit a new peak in 2021. More than half of the shophouse deals topped $5 million. It is a good indication that shophouses are in demand even submerged in pandemic and recent global events.
But before you go shophouse hunting, TAP INTO:
If you are new to buying a commercial property in Singapore, or a shophouse in specific, you can brush up your knowledge with our guide on:
In the previous week, we mentioned how Singapore’s ultra net worths are set to increase. As such, premium luxury units transactions are expected to increase. And this news piece is an indication that the ball is already rolling in that direction.
News highlights!
Check out the other new highlights that have caught our attention this week:
- Singapore hotel market seeing nascent recovery as border restrictions ease: CBRE
- Rising mortgage rates won’t be enough to end US housing boom
Shophouses are an excellent way to diversify your investment portfolio. To add the best combination of assets to your investment and seek expert advice, connect with me for a free consultation.
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