2020 is an exciting time to be shopping for conservation shophouses

Singapore, by Wara A.

Conservation shophouses in Singapore are considered a rare commodity with only around 6,500 (according to URA) of such properties available. Built between the early-1800s and mid 1900s, conservation shophouses are being carefully preserved as part of our heritage and history.

In the recent months, we have seen an interesting spike in shophouse transactions lodged as well as shophouses being put up for sale by expression-of-interest (EOI). While some of these shophouses are sold collectively – targeting potential buyers such as developers, real estate funds, family offices and companies, there is a considerable number of standalone shophouses for sale for the private shophouse collector.

shophouses-for-sale-q1-2020

Disclaimer: The above is a compilation of prominent shophouses for sale and not an exhaustive list. 

There was already a notable number of shophouses up for sale in the 4th quarter of 2019.

shophouses-for-sale-q4-2019

Disclaimer: The above is a compilation of prominent shophouses for sale and not an exhaustive list.

Ultimately, shophouses are treated as collectors’ items as every shophouse is unique. However, some factors shophouse investors may look at when considering a shophouse purchase include rental yield, occupancy, Master Plan zoning, tenure, location, redevelopment potential, URA’s land use plans etc.

This seems to be an exciting time for investors looking to own a piece of Singapore’s heritage.

 

Looking to invest in a conservation shophouse? Get in touch with us to explore your options today!

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