Chart of the day: 114 shophouses sold for $938.8m in H1 2022

Sales activity may have dipped however the market shows no sign of slowing.

This chart from Knight Frank shows the sales volume and average pricing unit prices of shophouses, particularly those in H1 and H2 2021 and H1 2022.

In the first half of the year, 114 shophouses were sold, totaling $938.8m. The number of units sold in H1 was lower H1 2021 at 131 units and H2 2022 at 123 units. 

ALSO READ: Shophouse along Craig Road on sale for $12m: Savills

Despite lower transaction volume in H1 2022 compared to the half-yearly numbers of 2021, it is still more units sold from H2 2013 to H2 2020, which averaged 65 units. About 79.8%, or 91 units, were freehold shophouses, with a total of $711.5m and an average price of $4,982 psf on land. Demand for leasehold shophouses also did not slow down as 23 units were sold in H1 2022, although this total value of $227.3m was marginally less than the $242.2m in H2 2021, with the corresponding average price at $5,185 psf on land. 

Base on the chart, the shophouse market managed to retain its popularity in 2022, after 2021’s record-breaking value. Knight Frank said the demand for this asset class will unlikely fade any time soon.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SIT, DNV ink 3-year partnership on maritime decarbonization and digitalization
The parties will cooperate in three key areas.   The Singapore Institute of Technology (SIT) has joined hands with a maritime advisor, DNV, to advance net-zero ambitions in the Lion City’s maritime sector.


Where to invest your millions in real estate
Amongst locations, realtors suggest the Core Central Region.   Individuals seeking shelter in the real estate market amidst the rising inflation must consider three things before deciding where to invest their millions in.   George Tan, managing director of Savills Digital Residential Marketing, said one of these factors is location.    Tan said buyers should consider areas which are highly demanded and well located—easy access to prestigious or international schools, MRT, malls and food and beverage (F&B) establishments. All these will contribute to good rental demand.   PropNex realtor, Andy Lim, echoed this, adding that buyers should particularly invest in properties within one kilometre of the prestigious schools.