Photo from Envato Elements
COTD: Shophouse transactions fall 20% QoQ and 56% YoY in Q3
Transaction value fell alongside volume.
Shophouse transactions fell 20% QoQ and 56% YoY to 16 deals in Q3 2024, PropNex reported.
The value of shophouse deals likewise contracted, dropping by 3.5% QoQ and 56.4% YoY to $121.6m.
PropNex, however, said that Q3 sales could be higher, as there has been a resurgence in shophouse transactions.
According to the expert, many transactions are not reflected in URA data, as buyers often avoid filing caveats or conducting sales through special-purpose vehicles.
Atland House, a five-storey mixed-use shophouse on Bukit Timah Road, was the highest caveated sale in Q3 2024, fetching $17m in August.
Other top deals in Q3 included a four-storey shophouse on North Bridge Road and three adjoining shophouses near Bugis Cube sold for $42m and $72m, respectively.
Read Here
Advertise
Sign Up
