Shophouse market continues to soar in 2021: report

Recovery in H2 2020 was fueled by interest from buyers as the economy opened.

The shophouse market will be vibrant in 2021 despite a dip in market activity in H1 2020 due to the pandemic.

According to a report by Knight Frank, the total shophouse transaction value may have decreased by 3.8% YoY in 2020, but the property consultancy firm noted that sales rebounded in Q4 and it even surpassed pre-pandemic levels. Q4 2020 saw a total of 51 shophouse transactions, 19 more than in Q3.

The report said the pen-up demand from first-time investors as well as family offices and corporates, aided by lower costs of borrowing and high liquidity in the market, contributed to the overall recovery of the shophouse market in the last quarter of 2020.

“While shophouse transaction volume in 2021 is expected to be greater than 2020, price increases are likely to stabilise due to buyer’s resistance and present cautiousness in light of the still nascent and tentative economic recovery,” the property consultancy firm said.

The consultancy firm also predicted that once the distribution of vaccine is rolled out, investment sentiment will be boosted and historical shophouses that are no longer being built will continue to be a sought-after heritage asset in modern Singapore.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia