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

According to Colliers International, total shophouse transactions inside the first 50 % of 2018 stumbled on approximately $576.Two million, surpassing full-year shophouse investment sales from 2014 to 2017. Noting how shophouses are scarce in supply and sometimes can be used as either commercial or hospitality purposes, the real estate advisory says that they’re going to likely always attract interest from local and foreign high value individuals in addition to property funds and investment companies.

The key reason for this trend lies in the raised autonomy and greater control that shophouses offer. This gives operators to have their own street frontage, select their operating hours, have more flexibility regarding layouts and consequently create clusters which experts claim drive footfall.

Other great things about opening up in a shophouse could be the ability to stick out aesthetically as compared to cookie-cutter retail mall shopfronts.

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