Chart of the Day: District 8 leads shophouse sales in 2019
These shophouses may have been popular to investors given its development potential.
This chart from Knight Frank reveals that District 8, which includes Little India, garnered the most number of shophouses sold in 2019, with 35 deals. It also led shophouse sales in both 2017 and 2018.
With the shophouses located mainly in secondary settlements areas, a new rear extension up to the maximum height is allowed. “Investors probably see these shophouses as more attractive given its development potential and its lower quantum,” the report noted.
Four districts recorded at least 10 lodged transactions in 2019, including Districts 1, 2 and 14.