Soaring demand continues to push up prices of shophouses in Singapore

SINGAPORE – The owner of a shophouse near Bugis has walked away with a remarkable profit of $4.5 million after owning the property for just 14 months – as stark a sign as any of just how hot the market is for these properties.

The 1,149 sq ft freehold unit at 148 Arab Street was bought for $5.5 million in February 2021 and offloaded in April 2022 for $10 million.

source https://eastmud.com/latest-news/soaring-demand-continues-to-push-up-prices-of-shophouses-in-singapore/