COTD: Commercial shophouse activity slows in Q2

There were only 18 shophouse transactions, falling 10% quarter-on-quarter.

Commercial shophouse market activity was relatively slow during the second quarter of the year, as a mismatch in price expectations between buyers and sellers continues, according to a PropNex report.

Based on caveats lodged, there were 18 shophouse transactions, falling 10% quarter-on-quarter.

On a year-on-year basis, the sales volume declined by 14.3%. However, as some transactions may not have been lodged, the actual sales figure for Q2 may be higher.

The 18 shophouse deals during the period amounted to $127m, a 6.6% QoQ increase. Sales value was still down by about 35% YoY.  

According to the URA Realis caveats data, the top caveated transaction in Q2 2025 was the sale of a shophouse in the Bukit Pasoh Conservation Area for $12m for $8,983 per square foot based on a land area of 1,336 square feet.

Based on caveats lodged, of the 18 shophouse deals in Q2 2025, 78% of them were priced at above $5m, whilst the remaining (22%) were priced at below $5m.