/PropNex

Chart of the Day: Shophouse sales volume down 46% YoY in Q1

It went down to 28 deals in the first few months of the year.

The sales volume of shophouses in Singapore fell 46% year-on-year from 52 to 28 deals in the first quarter (Q1) of 2023, a chart from PropNex showed.

Most of the transactions were in the fringe locations including Districts 7 and 8.

The transaction value of deals in Q1 2023 stood at $278m, which is 11.7% down from the previous quarter. 

This is the lowest quarterly tally of the sales value since Q3 2020 where $181m worth of transactions were done. 

 

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!